Reversion Rights/Lay Off Sample Clauses

Reversion Rights/Lay Off. (1) On termination of the job share arrangement, the permanent incumbent shall revert to the regular full-time hours of her position. The Employee working the temporary portion of the job share shall revert to her former position or status. (2) In the event of layoff or displacement the permanent incumbent will be laid off or displaced as a full-time Employee. The Employee working the temporary vacancy of the job share will revert to their former position or status.
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Reversion Rights/Lay Off. (a) On termination of the job share arrangement, the permanent incumbent shall revert to the regular full-time hours of her position. The Other than Full-Time employee working the job share shall revert to their former position or status. (b) In the event of layoff or displacement the permanent incumbent will be laid off or displaced as a full-time employee, and will have right to access Article 13. The Other than full-Time employee working the job share will revert to their former position or status. Permanent Job Share 1. Definition Job sharing shall be defined as the voluntary sharing of a full-time position by two (2) employees. Scheduling provisions shall continue to apply to the rotation as if the job share was a full-time position with the exception to Article 14 – XXX’s which each employee will have the right to decide whether they wish to take or not.
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Related to Reversion Rights/Lay Off

  • Termination Rights 17.1 In addition to any other termination rights it has, the Department may terminate this Contract at any time by issuing a Notice to the Training Provider. Such a termination will take effect 20 Business Days after the Notice takes effect under Clause 14.2, or at any later time specified in the Notice. 17.2 If the Department terminates this Contract under Clause 17.1, it will determine and pay: a) amounts that, in its reasonable opinion, are due and payable under Clause 8 as at the date of termination; and b) reasonable costs (but not including loss of profit or income) that, in its reasonable opinion, have been necessarily and directly incurred by the Training Provider as a result of the termination, provided that the Training Provider has, to the reasonable satisfaction of the Department: i) used its best efforts to minimise any costs arising as a result of the termination; and ii) provided adequate documentary evidence to substantiate those costs. 17.3 This Contract may be terminated at any time by written agreement between the Parties. 17.4 The Department may terminate this Contract immediately by issuing a Notice to the Training Provider if: a) the Training Provider commits a Material Breach; b) the Training Provider commits a breach of this Contract (whether or not it is a Material Breach) which cannot be remedied; c) the Training Provider commits a breach of this Contract (whether or not it is a Material Breach) and it: i) fails to commence action to remedy the breach within 10 Business Days after the Department has served a Notice requiring it to do so; or ii) having commenced action to remedy the breach, fails to complete that action as soon as possible and in any event within 20 Business Days of the Department's Notice; d) without limiting paragraphs (a) to (c), the Training Provider fails to provide some or all of the Training Services for which Funds have been claimed and/or paid or any such Training Services are not provided to a standard satisfactory to the Department; e) there has been any fraud, or the Department reasonably suspects any fraud, relating to the Training Provider or the Funds, or there has been any misappropriation of Funds by the Training Provider or any other misleading or deceptive conduct on the part of the Training Provider in connection with this Contract or the claiming, receipt or use of the Funds; f) the Training Provider’s registration as a registered training organisation under the Act or the National Act is suspended, withdrawn, cancelled or otherwise ceases; g) an Other VET Funding Arrangement Termination Event occurs;

  • Conversion Rights The Holder shall have the right to convert the principal amount and interest due under this Note into Shares of the Borrower's Common Stock as set forth below.

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