Regular Runs and Extraboard Selection Sample Clauses

Regular Runs and Extraboard Selection. The Company will conduct a minimum of three nationwide general bids for all regular runs and extraboard positions to be effective in January, June, and August/September. Operators who have worked during the current bid period and prior to the new bid closing are eligible to bid. Runs will be awarded on a seniority basis. If a qualified operator does not bid a run, the Company may assign such run to the most junior qualified operator. Operators bidding regular runs must qualify themselves to work the bid job. Qualified includes, but is not limited to, proper licenses, passports, bilingual skills and knowledge of the route bid. The term “Bilingual” refers to the ability to effectively communicate in both English and Spanish. This means the operator must be able to both understand and speak enough of both languages to ensure that they can inform customers of the basics needed for a successful trip, respond to basic questions the customer may pose during a trip, and must be proficient enough to ensure effective communication in case of an emergency. In recognition of the business need for all operators to be available during run bid changes, the following rules apply to the general bids: • Operators changing locations with the June general bid must assume their new assignment effective on the first day of the bid. Operators who have a legitimate reason for an extension on their arrival date must secure an authorized leave of absence from a Company supervisor at the new location. Operators who do not change locations must pull the first cycle of their new run unless it would cause a loss of earnings between the pay for the old and new assignment. • Operators changing locations with the January or August/September general bid must work through the final workday prior to the effective date of the January or August/September bid. Operators who do not change locations must work the last complete cycle of the January or August/September run bid unless it would cause a loss of earnings between the pay for the old and new assignment. • Operators who change cycles due to a run bid change are not entitled to lost wages or overtime. • Home Location – If an operator’s first day of the bid is an off day and he/she chooses to work, so long as the operator is at his/her home domicile, he/she will be entitled to time and one-half pay for work performed. • Away From Home Location – If an operator is away from home during the first day of the run bid change and it is their day ...
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Regular Runs and Extraboard Selection. The Company will conduct a minimum of four nationwide general bids for all regular runs and extraboard positions to be effective in January, March or April, June, and August or September. All operators who have worked during the current bid period and prior to the new bid closing are eligible to bid. Eligible operators who fail to bid forfeit rights to displace except to the extraboard at the operator's home location; such operators may fill any open positions or displace a junior operator on that extraboard. Runs will be awarded on a seniority basis. Operators bidding regular runs and hold-downs must qualify themselves to work the bid job. Qualified includes, but is not limited to, proper licenses and knowledge of the route bid. In recognition of a business need for all operators to be available during the busy summer season, the following applies to the June and August/September general bids: o Operators changing locations with the June general bid must assume their new assignment effective on the first day of the bid. Operators with legitimate reasons for an extension on their arrival date must secure an authorized leave of absence from a Company supervisor at the new location. Operators who do not change locations must pull the first cycle of their new run unless it would cause a loss of earnings between the pay for the old and new assignment. o Operators changing locations with the August/September general bid must work through the final work day prior to the effective date of the August/September bid. Operators who do not change locations must work the last complete cycle of the June run bid unless it would cause a loss of earnings between the pay for the old and new assignment. Operators who change cycles due to a run bid change are not entitled to lost wages or overtime. Operators returning to work from authorized leave or reinstated will be assigned in the following manner: o Operators with a prior assignment within the current run bid must return to their prior job. o Operators who have not held a job in the current or upcoming bid may displace any junior operator or open position at their home location. o Operators eligible to bid who failed to do so may only bump the extraboard or any open position at their home location. Extraboard positions are bid by seniority. Operators who do not receive their bid choice on a general bid will be assigned to a vacancy nearest their present location. If no vacancies exist, they will be furloughed immediately...

Related to Regular Runs and Extraboard Selection

  • Non-availability of matching deposits for Interest Period selected If, after the Borrowers have selected and the Lenders have agreed an Interest Period longer than 3 months, any Lender notifies the Agent by 11.00 a.m. (London time) on the third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 3 months.

  • REMIC Designations and REMIC Distributions (a) The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI shall be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Mortgage Loans and all interest owing in respect of and principal due thereon, the Distribution Account, the Protected Account, any REO Property, any proceeds of the foregoing and any other assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Yield Maintenance Agreement, the Derivative Account and any rights or obligations in respect of the Derivative Administration Agreement). The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III. The Class CE Interest shall constitute the assets of REMIC IV. The Class P Interest shall constitute the assets of REMIC V. The Class IO Interest shall constitute the assets of REMIC VI.

  • Securities Lending Transactions 4.l Loan Initiation. From time to time the Bank may lend Securities to --------------- Borrowers and deliver such Securities against receipt of Collateral in accordance with the applicable Securities Borrowing Agreement. The Bank shall deliver to the Lender a Receipt in connection with each loan made hereunder, prior to settlement of such loan.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Regular Distributions Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series H Preferred Units, the holders of Series H Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the following rates per annum on the $1,000 liquidation preference per Series H Preferred Unit:

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