Common use of Reversion Rights Clause in Contracts

Reversion Rights. 14.7.1 An employee who is promoted and fails to complete the required probationary period of one (1) year shall be returned to the classification in which the employee held permanency immediately prior to the promotion. To be eligible: 1) there must be an available, vacant position in the employee’s prior classification; or 2) the employee must have greater seniority than the least senior employee serving in that classification. A position is not available and vacant when the position is not being filled due to a hiring freeze. 14.7.2 In the event the returning employee cannot displace an employee in the classification immediately held prior to promotion, the returning employee may displace the least senior employee of the next previously held classification as per section 14.7.1. 14.7.3 Any employee displaced as a result of the application of this Article shall be entitled to the displacement provisions of sections 14.7.1

Reversion Rights. 14.7.1 13.7.1 An employee who is promoted and fails to complete the required probationary period of one six (16) year months shall be returned to the classification in which the employee held permanency immediately prior to the promotion. To be eligible: : 1) there must be an available, vacant position in the employee’s prior classification; or 2) the employee must have greater seniority than the least senior employee serving in that classification. A position is not available and vacant when the position is not being filled due to a hiring freeze. 14.7.2 13.7.2 In the event the returning employee cannot displace an employee in the classification immediately held prior to promotion, the returning employee may displace the least senior employee of the next previously held classification as per section 14.7.1Section 13.7.1. 14.7.3 13.7.3 Any employee displaced as a result of the application of this Article shall be entitled to the displacement provisions of sections 14.7.1Sections 13.7.1 and 13.7.