SURPLUS TRANSFER Sample Clauses

SURPLUS TRANSFER. (a) Should an employee's job be declared surplus, the Company will make every effort to place such employees in a classification carrying a comparative wage rate. If this cannot be done, such employee, will be red circled at the former classification wage rate or subject to possession of necessary skills, ability and seniority, shall be entitled to exercise bumping privileges as per Article 13.
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SURPLUS TRANSFER. Should skilled employees' job be declared surplus, the Commission will make every effort to place such employees in a skilled classification carrying a comparative wage rate; but if this cannot be done, such skilled employees, subject to possession of necessary skills, ability and seniority, shall be entitled to exercise bumping privileges in a semi-skilled classification, failing which the employees shall be entitled to exercise bumping privileges in a non-skilled classification. Should semi-skilled employees' jobs be declared surplus, the Commission will make every effort to place such employees in a semi-skilled classification carrying a comparative wage rate failing which they shall be entitled to exercise bumping privileges in a non-skilled classification. An employee who exercises bumping privileges into a non-skilled classification will receive the wage rate of the employee they replaced plus fifteen 5) cents per hour for the first year, ten (10) cents per hour for the second year, five cents per hour for the third year and thereafter the classification rate. It is expressly understood that no such employee will, by the application of this formula, be entitled to receive more than their former wage rate. Employees surplus transferred in accordance with the above shall be afforded the opportunity of returning to their former department, if a vacancy occurs within two (2)years from date of transfer. Seniority will be the deciding factor in all returns provided employees are capable of performing their duties. ARTICLE FOR
SURPLUS TRANSFER. As a result of a staffing reorganization, an employee may be designated surplus and subject to transfer.
SURPLUS TRANSFER. Should an employee's job be declared surplus, the will make every effort to place such employees in a a comparative wage rate: but this cannot be done, such employees, subject to possession of necessary skills, ability and seniority, shall be entitled to exercise bumping privileges An employee who exercises bumping privileges a lesser skilled classification will receive the wage rate of the employee they replaced plus fifteen (15) cents per hour for the first year, ten (10) cents per hour for the second year, five (5) cents per hour for the third year and thereafter the classificationrate. It is expressly understood that no such employee by the applicationof this formula, be entitled to receive than their former wage rate. Employees surplus transferred in accordance with the above shall be afforded the opportunity of returning to their former department, if a vacancy occurs within two (2) years from date of transfer. Seniority will be the deciding factor in all returns provided employees are capable of performing the required duties.
SURPLUS TRANSFER i. An employee who may be subject to a surplus transfer at the end of a school year shall be informed of the recommendation at a meeting with the appropriate Board official and a representative of the Association.
SURPLUS TRANSFER. (a) Should an employee's job be declared surplus, the Company will make every effort to place such employees in a classification carrying a comparative wage rate. If this cannot be done, such employee, will be red circled at the former classification wage rate or subject to possession of necessary skills, ability and seniority, shall be entitled to exercise bumping privileges as per Article An employee who exercises bumping privileges into a lower paid classificationwill receive the wage rate of that classification. Employees surplus transferred in accordance with the above shall be afforded the opportunity of returning to their former department, if a vacancy occurs within two (2) years from date of transfer. Seniority will be the deciding factor in all returns provided employees are capable of performing the required duties. Still, the employee may be required to serve a familiarization period of one (1) month upon return and may, subsequent to acceptance in the position, be required to upgrade their skills in the position.
SURPLUS TRANSFER. (a) Should an employee's job be declared surplus, the Company will make every effort to place such employees in a classification carrying a comparative wage rate. If this cannot be done, such employee, will be red circled at the former classification wage rate or subject to possession of necessary skills, ability and seniority, shall be entitled to exercise bumping privileges as per Article An employee who exercises bumping privileges into a lower paid classificationwill receive the wage rate of that classification. Employees surplus transferred in accordance with the above shall be afforded the opportunity of returning to their former department, if a vacancy occurs within two (2) years from date of transfer. Seniority will be the deciding factor in all returns provided employees are capable of performing the required duties. Still, the employee may be required to serve a familiarization period of one (1) month upon return and may, subsequent to acceptance in the position, be required to upgrade their skills in the position.
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Related to SURPLUS TRANSFER

  • Funds Transfers With respect to each Instruction for a Cash transfer, when the Instruction is to credit or pay a party by both a name and a unique numeric or alpha-numeric identifier (e.g., IBAN or ABA or account number), BNY Mellon and any other bank participating in the Cash transfer will be entitled to rely solely on such numeric or alpha-numeric identifier, even if it identifies a party different from the party named. Such reliance on an identifier will apply to beneficiaries named in the Instruction, as well as any financial institution that is designated in the Instruction to act as an intermediary in such Cash transfer. To the extent permitted by applicable law, the Parties will be bound by the rules of any transfer system used to effect a Cash transfer under this Agreement.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Transfer Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that:—

  • Transfer Fee There must be paid to the Company, in relation to the registration of any transfer, the amount, if any, determined by the directors.

  • Wire Transfers Coordinate and implement bank-to-bank wire transfers in connection with Series share purchases and redemptions by Institutions;

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