Seniority - Two Years - Less than Five Years Sample Clauses

Seniority - Two Years - Less than Five Years. The employee's grade and progression step shall be maintained and negotiated increases shall apply for sixteen (16) weeks from the surplus date regardless of placement. If the employee accepts a vacancy in a lower-rated classification his/her dollar rate shall be frozen at the end of sixteen (16) weeks for a period of three (3) months at which time a four percent (4%) reduction in rate will take place. Subsequent reductions of four percent (4%) will take place annually thereafter until the maximum rate for the lower-rated job is reached.
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Seniority - Two Years - Less than Five Years. The employee's grade and progression step shall be maintained and negotiated increases shall apply for sixteen
Sample 1Sample 2Sample 3
Seniority - Two Years - Less than Five Years. The employee’s grade and progression step shall be maintained and negotiated increases shall apply for sixteen (16) weeks from the surplus date regardless of placement If the employee accepts a vacancy in a lower-rated classification dollar rate shall be frozen at the end of sixteen (16) weeks for a period of three (3)months at which time a four percent (4%) reduction in rate will take place. Subsequent reductionsof four percent (4%) will take place annually thereafter until the maximum rate for the lower-rated job is reached. the provisions of thisArticle an employee who is within five (5) years of retirement or within five (5) years of eligibility for pension when faced with displacement or layoff, with joint agreement may be given special considerationfor work site Notwithstanding the provisions of this Article, the parties may make special arrangementsfor employees who are disabled to the extent that alternative employment would be to find. Prior to Article applying, an employee who is identified as surplus as per this Appendix and is requiredto relocate residence shall receive moving expenses in accordance with the provisionsof Part A, Such moves will be treated as Company-initiatedmoves. ARTICLE EMPLOYMENT SECURITY PLAN3 By agreement of both parties for the term of this Collective Agreement, Article has been suspended and all employees have employment security in accordance with applicable provisionsof the Collective Agreement. This Article will not appear in the printed copy of the CollectiveAgreement but will, in its suspended state, form part of this CollectiveAgreement. In the event that either xxxxx needs to refer to it, it is agreed that the Article as it appeared in the Collective Agreement, April March will apply. See Mid Term Agreement By agreement of both parties for the term of this Collective Agreement, Article has been suspended and all employees have employment security in accordance with applicable provisions of the Collective Agreement. This Article will not appear in the printed copy of the Collective Agreement but will, in its suspended state, form part of this CollectiveAgreement. In the event that either party needs to refer to it, it is agreedthat the Article as it appeared in the Collective Agreement, April March will apply. See Mid Term Agreement The employer agrees that it will not directly or indirectly request to exempt the Company or the Union from the successor rights provisions of the applicable labour relations legislati...
Sample 1

Related to Seniority - Two Years - Less than Five Years

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.

  • Years If the employee has ten (10) years but less than sixteen (16) years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to seven (7) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus.

  • Seniority Date Employees shall acquire seniority upon completion of the probationary period as defined in Article XIII and upon acquiring seniority, the seniority date shall relate back to the first date of continuous service in the bargaining unit. If more than one employee commences work on the same date, lot shall determine seniority ranking for such employees. A District-Wide seniority list will be provided for the exclusive representative no later than November 1 of each year.

  • Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Seniority Dates Upon request, the Employer agrees to make available to the Union the seniority dates of any employees covered by this Agreement. Such seniority dates shall be subject to correction for error on proper representation by the Union.

  • consecutive months If the Employer extends an individual employee’s trial service period, the Employer will provide the employee with written reasons for the extension. Employees in an in-training appointment will follow the provisions outlined in Subsection 4.3 E.

  • Vesting Commencement Date Exercise Price per Share: Total Number of Shares Subject to the Option: Total Exercise Price: Expiration Date:

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • months The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause C4 (Price adjustment on extension of the Initial Contract Period)) throughout any such extended period.

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