Reduction of Board Sample Clauses

Reduction of Board. When employees are receiving wages of five hundred fifty ($550.00) dollars or less per week, upon request of the Local Union, the Employer shall lay off the necessary number of men so that the lower twenty-five percent (25%) of the employees can earn five hundred fifty ($550.00) dollars or more per week. This shall be based on two (2) previous weeks. Not more than twenty-five percent (25%) of the seniority board are to be laid off at any one time unless there is a major decline in business; then the Local Union and the Employer shall decide the number of employees to be laid off, consistent with good business practices, so that the employees remaining can earn a wage of five hundred fifty ($550.00) dollars or more per week. The above is not to be construed as imposing a limitation on earnings. If the Local Union and the Employer do not agree on the number of employees to be laid off under the above procedure, this disagreement shall be considered a grievance and shall be submitted to the appropriate Area Committee who shall render a final decision. After the appropriate Area Committee renders a decision favorable to the Union, or is unable to reach a decision, if the Employer still refuses to cut the board, then in such case the Union shall have the right to strike notwithstanding any provision in this Agreement to the contrary and the Employer shall be obligated to pay all employees under this Agreement for all time lost.
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Reduction of Board. To the extent that either Board Group loses the right to designate Directors pursuant to the provisions of Section 1.1(b), the Board will take such action so as to reduce the size of the Board.
Reduction of Board. (Applicable to Truckaway) When employees are receiving wages of seven hundred fifty dollars ($750) or less per week, upon the request of the Local Union, the Employer shall lay off the necessary number of employees so that the balance of the employees can earn seven hundred fifty dollars ($750) or more per week. This shall be based on two (2) previous consecutive weeks. Not more than twenty-five percent (25%) of the seniority board are to be laid off at any time unless there is a major decline in business, then the Local Union and the Employer shall decide the number of employees to be laid off, consistent with good business practices, so that the employees remaining can earn a wage of seven hundred fifty dollars ($750) or more per week. The above is not to be construed as imposing a limitation on earnings.
Reduction of Board. The Union reserves the right to have the Company cut the yard seniority board when the average weekly earnings fall to two hundred twenty-five dollars ($225.00) or less. The Union’s request to the Company shall be made in writing.
Reduction of Board. The Union reserves the right to have the Company cut the yard seniority board when the average weekly earnings fall to two hundred twenty-five dollars ($225.00) or less. The Union’s request to the Company shall be made in writing.

Related to Reduction of Board

  • Termination or Reduction of Commitments The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

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