Voluntary location exchange Sample Clauses

Voluntary location exchange. The parties agree to establish a voluntary location exchange list for employees who submit a notice of interest in relocating voluntarily to a position at the same classification in another location. The list shall contain the position, classification, current and desired location. A list of employees seeking voluntary location exchange shall be posted on the staff Intranet for a minimum of two (2) weeks. If at the end of the two (2)-week period there is a match, a voluntary location exchange may take place in accordance with the procedures identified below. An employee’s notice of interest will remain posted until a match is found or the notice is rescinded. The ability to voluntarily exchange locations shall be based on the availability of a location and seniority. Requests for voluntary location exchange are subject to operational and service requirements. It is understood and agreed that vacancies shall not be considered for a voluntary location exchange under this procedure. Employees shall have the right to voluntarily exchange in accordance with this process one (1) time in every two (2) years or more frequently if it can be accommodated.
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Related to Voluntary location exchange

  • Voluntary Layoff Appointing authorities will allow an employee in the same job classification and department where layoffs will occur to volunteer to be laid off provided that the employee is in a position requiring the same skills and abilities, as a position subject to layoff. Any volunteer for layoff shall have no formal layoff option. If the appointing authority accepts the employee’s voluntary request for layoff, the employee will submit a non-revocable letter stating they are accepting a voluntary layoff from the University. The employee will be placed on all applicable rehire lists.

  • Loss Mitigation and Consideration of Alternatives (i) For each Single Family Shared-Loss Loan in default or for which a default is reasonably foreseeable, the Assuming Institution shall undertake reasonable and customary loss mitigation efforts, in accordance with any of the following programs selected by Assuming Institution in its sole discretion, Exhibit 5 (FDIC Mortgage Loan Modification Program), the United States Treasury's Home Affordable Modification Program Guidelines or any other modification program approved by the United States Treasury Department, the Corporation, the Board of Governors of the Federal Reserve System or any other governmental agency (it being understood that the Assuming Institution can select different programs for the various Single Family Shared-Loss Loans) (such program chosen, the “Modification Guidelines”). After selecting the applicable Modification Guideline for each such Single Family Shared-Loss Loan, the Assuming Institution shall document its consideration of foreclosure, loan restructuring under the applicable Modification Guideline chosen, and short-sale (if short-sale is a viable option) alternatives and shall select the alternative the Assuming Institution believes, based on its estimated calculations, will result in the least Loss. If unemployment or underemployment is the primary cause for default or for which a default is reasonably foreseeable, the Assuming Institution may consider the borrower for a temporary forbearance plan which reduces the loan payment to an affordable level for at least six (6) months.

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