Reversion. Reversion is defined as voluntary or involuntary movement of an employee during the trial service period to the class in which the employee most recently held permanent status, or movement to a class in the same or lower salary range. Upon reversion, the base salary the employee was receiving prior to promotion will be reinstated.
Reversion. If offered pursuant to an Agency Agreement under which this GIA is executed by Transmission Provider as agent for the relevant Transmission Owner, in the event that the relevant Agency Agreement terminates, any HVDC Service offered by Transmission Provider under this GIA shall revert to the relevant Transmission Owner and Transmission Provider shall be released from all obligations and responsibilities under this GIA.
Reversion. Employees who do not successfully complete a trial service period and revert to the class in which the employee most recently held a position, or move to a classification in the same series with a lower salary range, will receive the base salary they received prior to their promotion.
Reversion. Section 12.2 of the Operating Agreement provides that if a Member is dissolved or loses its status as a qualified charitable organization, the undivided portion of the Net Asset Value of the Fund attributable to such Member’s then outstanding Units shall become the property of the Manager, or its successor, subject to all applicable laws. With the prior written approval of the Manager, such Member may recommend transfer of those Net Assets to another Unitarian Universalist organization.
Reversion. An employee whose transfer, change of status or change of classification has been accepted by the employee as per Article 12.04.02, will not be eligible to withdraw, unless mutually acceptable to the Company and the Union, at the Headquarters level.
Reversion. Any distribution under the Plan that is an Unclaimed Distribution for a period of six months after distribution shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code and such Unclaimed Distribution shall revest in the applicable Reorganized Debtor and, to the extent such Unclaimed Distribution is New Seadrill Common Shares, shall be deemed cancelled. Upon such revesting, the Claim or Interest of any holder or its successors with respect to such property shall be cancelled, discharged, and forever barred notwithstanding any applicable federal or state escheat, abandoned, or unclaimed property laws, or any provisions in any document governing the distribution that is an Unclaimed Distribution, to the contrary.
Reversion. Within ten (10) workdays after assuming the position, the employee or the Employer may request to return the employee to his/her former position. If the former position does not exist, the employee may be placed in the next available vacancy in the same classification for which the employee is qualified. Requests made after ten (10) workdays, up to sixty (60) calendar days, will be determined on a case-by-case basis by the Assistant Superintendent for Human Resources and Legal Services.
Reversion. Where a full-time officer has entered into a part-time work arrangement, the following provisions will apply:
Reversion. It is agreed by and between Lessor and Lessee that while this Agreement is in effect, all Build Out Improvements erected upon the Leased Premises shall remain the property of Lessee or subcontractors, as the case may be, but upon expiration or termination of this Agreement, all Build Out improvements (excluding movable fixtures, trade fixtures, attached furniture and personal property not constituting Leasehold improvements, and specialty installations, provided that Lessee or such subcontractors, as the case may be, repairs any and all damage to the Leased Premises resulting from the removal of any such fixtures, improvements or installations) shall become the absolute property of Lessor without payment by Lessor except that, if Lessor grants a new Agreement to the Leasehold Mortgagee or its designee or Lessee grants a new sublease on similar terms to the Leasehold Mortgagee or its designee, then, at the option of such Lessee or such sublessee, title shall remain in the Lessee or sublessee while the new Agreement or new sublease is in effect.
Reversion. The Team Leader or Area Leader will revert to the position description of their profession within their work unit. For example, a REACH Psychologist Area Leader or Team Leader would revert to the REACH Psychology position description. Reversion will occur in the following circumstances:
