Reduction of Positions. In the event that the amount of funds required by Broker as margin in support of outstanding trading positions for the account exceeds 50% of the Nominal Account Size at the close of any day, Advisor will effect the orderly reduction of outstanding positions upon the first opportunity thereafter so that such margin will be reduced to an amount that is less than such percentage of the Nominal Account Size.
Reduction of Positions. 33.5.1 If the Board declares a program or department is to be reduced or eliminated, OC shall seek to reduce the number of positions held by employees in a program or department through the following arrangements in cooperation with the Association and the affected employees:
a) regular retirements and resignations;
b) voluntary transfers to other duties within OC;
c) voluntary early retirement or voluntary reduction in workload and commensurate salary;
d) voluntary separation;
e) voluntary retraining for other available positions within OC for which the employee is reasonably qualified, or for which he or she can reasonably be retrained.
33.5.2 If the arrangements set out in section 33.5.1 will not result in elimination of the number of positions required within a reasonable period of time, OC may proceed with the following steps in sequence as necessary to make the required number of reductions:
a) Non-renewal of employees on term appointments.
b) Termination of employees on term appointments.
c) Redeployment of continuing employees to other available positions for which they are reasonably qualified or for which they can reasonably be retrained within one year.
33.5.3 Where retraining is required, OC shall continue to pay the employee’s salary and benefit costs and reasonable retraining costs not to exceed one year. OC will make all reasonable efforts to find alternative positions for the employees affected.
33.5.4 If continuing employees are unwilling to be redeployed or if there is no possible job for which the employee could qualify with reasonable retraining, OC may lay the employee off, on a least seniority first basis, with the same notice, recall rights and any other rights and privileges provided to employees or laid-off former employees under Article 34 (Financial Exigency).
Reduction of Positions. The reduction of hours or work year of a position. The decision to reduce and the impact and effects of a reduction are negotiable.
Reduction of Positions. In the event of layoff involving the elimination of positions, the following procedure shall be followed:
1. The Employer shall identify the specific position(s) to be eliminated and shall notify, at least fifteen (15) days prior to the effective date of any layoff, the Employee(s) in those position(s), and the Union.
2. After such notification, the Employer shall meet with the Union to determine if an alternative layoff procedure might be mutually agreeable (for example, waiver of seniority rights). If no alternative is agreed upon, the contract provisions shall prevail.
3. The Employee(s) in the affected position(s) shall have the right to, within seven
Reduction of Positions. A surplus staffing situation exists when as a result of the review referred to in 6.2 above and at the conclusion of the consultative process the employer either requires a reduction in the number of advisory positions, or finds that advisers can no longer be employed in their current position at their current salary level or work location.
Reduction of Positions. If there is a reduction of positions in any office or other organizational unit, the junior Education Analyst or Education Officer, as appropriate shall be excessed to a vacancy or, if there is no vacancy, to the position held by a junior employee in the Board of Education. Provisionals shall be excessed before probationers, and probationers shall be excessed before permanent employees. Where a layoff situation exists in the Board of Education, the applicable provisions of law will be followed and those Education Officers or Education Analysts who are laid off without fault or delinquency will be placed on a preferred list for reinstatement to their positions.
Reduction of Positions. A surplus staffing situation exists when as a result of the review referred to in
Reduction of Positions. In the event of layoff involving the elimination of positions, the following procedure shall be followed:
1. The Employer shall identify the specific position(s) to be eliminated and shall notify, at least fifteen (15) days prior to the effective date of any layoff, the Employee(s) in those position(s), and the Union.
2. After such notification, the Employer shall meet with the Union to determine if an alternative layoff procedure might be mutually agreeable (for example, waiver of seniority rights). If no alternative is agreed upon, the contract provisions shall prevail.
3. The Employee(s) in the affected position(s) shall have the right to, within seven (7) days of notification of layoff:
a. Bump someone who is least senior; or
b. Bid on another position; or
c. Become laid off.
4. Any and all Employees displaced by provision (3) above shall have the same rights as long as there are least senior Employees in any classification.
Reduction of Positions.
33.5.1 If the Board declares a program or department is to be reduced or eliminated, OC shall seek to reduce the number of positions held by employees in a program or department through the following arrangements in cooperation with the Association and the affected employees:
a) regular retirements and resignations;
b) voluntary transfers to other duties within OC;
c) voluntary early retirement or voluntary reduction in workload and commensurate salary;
d) voluntary separation;
e) voluntary retraining for other available positions within OC for which the employee is reasonably qualified, or for which he or she can reasonably be retrained.
Reduction of Positions. In the event of layoff involving the elimination of positions, the following procedure shall be followed:
