TECHNOLOGICAL CHANGE ADJUSTMENT Sample Clauses

TECHNOLOGICAL CHANGE ADJUSTMENT. 1. When insufficient vacancies exist to accommodate employees displaced as a result of technological change or reorganization resulting from technological change, the Company may temporarily lay-off employees subject to recall, subject to the following conditions: a) Where notice has been provided under Article 25, Section 2, no lay-offs will occur in redundant positions during the period of notice; and, b) Within that three (3) month period, the Company and the Union will meet to jointly review available job creation and employee relocation measures; c) An employee who is rendered redundant or displaced from his/her job as a result of technological change or reorganization resulting from technological change, shall endeavor to obtain an alternate position by bidding on vacancies and shall be given an opportunity to fill any vacancy for which the employee has seniority and which he/she is able to perform, subject to the employee being given a reasonable period in which to acquire the necessary qualifications for the position. d) When a position or positions are available in the Company, but require training or retraining of an employee the Company may offer such training or retraining to employees displaced as a result of technological change or reorganization resulting from technological change and such employees will be paid the rate in grade of the position in which the employee is the incumbent while engaged in such training or retraining. e) If there is no vacancy, and retraining is not available the employee shall be entitled to exercise seniority to maintain employment in the bargaining unit and to avoid temporary lay-off. 2. When the Company is unable to provide alternative employment through 1(a) to (e), the employee shall exercise the option of accepting severance or being temporarily laid-off subject to recall. 3. The Company shall notify employees on lay-off of any vacancies occurring in the bargaining unit subject to the employee ensuring the Company is provided with a current telephone number and mailing address. 4. When an employee who is laid-off work under this Article is recalled to a position bearing a lesser rate of pay than the employee received prior to lay-off, the employee shall be subject to the provisions of Article 17 Wage/Salary Maintenance and Demotion Formula. 5. When an employee who is laid-off work under this Article is recalled to work the said employee shall be recalled in order of seniority. 6. An employee who declines a ...
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TECHNOLOGICAL CHANGE ADJUSTMENT the Code applies to this Agreement. It states:
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TECHNOLOGICAL CHANGE ADJUSTMENT. Consultation Committee: After notice has been given, the Employers and the Union shall meet pursuant to ARTICLE 22 and in good faith, endeavor to develop a technological change adjustment plan, which may include provisions for the following:
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TECHNOLOGICAL CHANGE ADJUSTMENT. (1) Section 54 of the Code applies to this Agreement. It states: 54(1) If an employer introduces or intends to introduce a measure, policy, practice or change that affects the terms, conditions or security of employment of a significant number of employees to whom a collective agreement applies, (a) the employer must give notice to the trade union that is party to the collective agreement at least 60 days before the date on which the measure, policy, practice or change is to effected, and (b) after notice has been given, the employer and trade union must meet, in good faith, and endeavour to develop an adjustment plan, which may include provisions respecting any of the following: (i) consideration of alternative to the proposed measure, policy, practice or change, including amendment of provisions in the collective agreement; (ii) human resource planning and employee counselling and retraining; (iii) notice of termination; (iv) severance pay; (v) entitlement to pension and other benefits including early retirement benefits; (vi) a bipartite process for overseeing the implementation of the adjustment plan. (2) If, after meeting in accordance with subsection (1), the parties have agreed to an adjustment plan, it is enforceable as if it were part of the collective agreement between the employer and the trade union. (3) Subsections (1) and (2) do not apply to the termination of the employment of employees exempted by Section 65 of the Employment Standards Act from the application of section of that Act.
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TECHNOLOGICAL CHANGE ADJUSTMENT. When insufficient vacancies exist to accommodate employees displaced as a result of technological change or reorganization resulting from technological change, the Company may temporarily lay-off employees subject to recall, subject to the following conditions:
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Related to TECHNOLOGICAL CHANGE ADJUSTMENT

  • Stock Adjustments In the event that during the term of the pledge any stock dividend, reclassification, readjustment or other changes are declared or made in the capital structure of Pledgee, all new, substituted and additional shares or other securities issued by reason of any such change shall be delivered to and held by the Pledgee under the terms of this Security Agreement in the same manner as the Shares originally pledged hereunder. In the event of substitution of such securities, Pledgor, Pledgee and Pledgeholder shall cooperate and execute such documents as are reasonable so as to provide for the substitution of such Collateral and, upon such substitution, references to "Shares" in this Security Agreement shall include the substituted shares of capital stock of Pledgor as a result thereof.

  • Share Adjustments If the Company's outstanding shares of Common Stock are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, combination of shares, stock dividend, or transaction having similar effect, the Board shall proportionately and appropriately adjust the number and kind of shares that are subject to this Option and the Exercise Price Per Share, without any change in the aggregate price to be paid therefor upon exercise of this Option.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Equitable Adjustment Trading volume amounts, price/volume amounts and similar figures in the Transaction Documents shall be equitably adjusted (but without duplication) to offset the effect of stock splits, similar events and as otherwise described in this Agreement and Warrants.

  • Fee Adjustment Fees as provided in this Agreement to be charged to residents of Joplin and the City pursuant to this Agreement may be adjusted based upon the AARC's change in costs subsequent to the previous adjustment. Any individual fee increases will be adjusted only to the extent of an increase in the Consumer Price Index (St. Louis -All Urban Consumers), utilizing the December 12 month period index from the previous year. If a fee increase request is in excess of the Consumer Price Index the city may request to review data on actual costs of each service if needed to document cost increases. In the event an adjustment to documented cost is warranted, AARC shall provide written notice thereof with supporting documentation, by no later than May 1 of each year. All increases shall be subject to annual appropriation by the Joplin City Council. City shall have thirty (30) days to review and request additional supporting documentation. In the event the parties are unable to agree to the cost adjustment, either party shall be entitled to terminate this Agreement as provided herein.

  • Adjustment for Change in Capital Stock If the Company: (1) pays a dividend or makes a distribution on its Common Stock in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock; then the Exercise Price in effect immediately prior to such action and the number and kind of shares into which a Warrant is exercisable shall all be adjusted appropriately so that the holder of any Warrant thereafter exercised may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. If after an adjustment a holder of a Warrant upon exercise of it may receive shares of two or more classes of capital stock of the Company, the Board of Directors of the Company shall determine the allocation of the adjusted Exercise Price between the classes of capital stock. After such allocation, the exercise privilege and the Exercise Price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section. Such adjustment shall be made successively whenever any event listed above shall occur.

  • Workplace adjustment An employer wishing to employ a person under the provisions of this clause shall take reasonable steps to make changes in the workplace to enhance the employee’s capacity to do the job. Changes may involve re-design of job duties, working time arrangements and work organisation in consultation with other employees in the area.

  • Contract Term Adjustment “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Equitable Adjustments (1) If the Contracting Officer confirms that Government conduct effected a change as alleged by the Contractor, and the conduct causes an increase or decrease in the Contractor's cost of, or the time required for, performance of any part of the work under this contract, whether changed or not changed by such conduct, an equitable adjustment shall be made-- (i) In the contract price or delivery schedule or both; and (ii) In such other provisions of the contract as may be affected. (2) The contract shall be modified in writing accordingly. In the case of drawings, designs or specifications which are defective and for which the Government is responsible, the equitable adjustment shall include the cost and time extension for delay reasonably incurred by the Contractor in attempting to comply with the defective drawings, designs or specifications before the Contractor identified, or reasonably should have identified, such defect. When the cost of property made obsolete or excess as a result of a change confirmed by the Contracting Officer under this clause is included in the equitable adjustment, the Contracting Officer shall have the right to prescribe the manner of disposition of the property. The equitable adjustment shall not include increased costs or time extensions for delay resulting from the Contractor's failure to provide notice or to continue performance as provided, respectively, in (b) and (c) above.

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable.

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