Common use of Temporary Loans Clause in Contracts

Temporary Loans. (a) The Company may loan an employee as set out in Article 8.01 provided the employee has the required qualifications to perform the job, or can be adequately instructed to perform the job, in a timely fashion. (b) The employee with the highest seniority and required qualifications will be given the first opportunity to work or decline the temporary loan. (c) If necessary the employee with the lowest seniority and required qualifications will be loaned and thereafter successively until the required number of employees have been loaned. (d) An employee with seniority rights on loan will be paid the higher of the two hourly rates, if different.

Temporary Loans. (a) The Company may loan an employee as set out in Article 8.01 provided the employee has the required qualifications to perform the job, or can be adequately instructed to perform the job, in a timely fashion. (b) The employee with the highest seniority and required qualifications will be given the first opportunity to work or decline the temporary loan. (c) If necessary the employee with the lowest seniority and required qualifications will be loaned and thereafter successively suc‑ cessively until the required number of employees have been loaned. (d) An employee with seniority rights on loan will be paid the higher of the two hourly rates, if different.