Voluntary Outflow Sample Clauses

Voluntary Outflow. It is proposed to base the wastage rates on Length of Service specific wastage rates over the last 5 years (2001/2002 up to 2005/2006). One adaptation is for Observer Voluntary Outflow rates to allow for high wastage rates in the first few years of trained service where it is still possible to fail to meet the standard. Although this is not strictly Voluntary Outflow, the easiest way to allow for this in the model is to set the “Voluntary Outflow” rate for LOS 0, 1 and 2 to 20% to give a 50% exit from the RN of newly trained Observers. The proposed Voluntary Outflow profiles by Length of Service and branch are shown in Annex A. Numbers are not really sufficient to have a different rate at particular lengths of service for different ranks. The expected overall wastage rates that will result are shown in the following table. This is obtained by applying the individual Length of Service specific rates to the current strength at that Length of Service and so is an indicator of the expected “headline” Voluntary Outflow rate. The resulting standardised rates are also given. Scaling Factor 1 0.85 0.75 1 1 1 1 1 1 1 Raw Headline Rate Scaled Headline Rate 2.3% 2.3% 2.6% 2.2% 3.9% 3.0% 2.8% 2.8% 2.8% 2.8% 2.8% 2.8% 3.3% 3.3% 3.3% 3.3% 4.2% 4.2% 2.6% 2.6% Raw Standardised Rate Scaled Standardised Rate 2.1% 2.1% 2.1% 1.8% 3.1% 2.3% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.1% 3.1% 3.0% 3.0% 2.9% 2.9% Raw Headline Rate Scaled Headline Rate 3.0% 3.0% 2.6% 2.6% 3.1% 3.1% 2.4% 2.4% 3.0% 3.0% 3.0% 3.0% 4.3% 6.9% 2.4% 3.9% 2.6% 3.6% Raw Standardised Rate Scaled Standardised Rate 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 3.7% 5.6% 2.2% 3.5% 2.5% 3.4% The Observer rates above exclude the effect of the 20% wastage for the first 3 years. The TM and IS specialisations are now forecast separately, but are shown together in the VO profile above as they are too small to have an individual profile calculated for them. Please note that the TM and IS branch (part of E GS) includes a small number of submariners and these will be included in E GS data. The modelling process has a facility to scale the raw rates derived from historic data, either to reflect the economic outlook or for other factors that the Branch Managers think might affect outflow. No scaling factors have actually been modified as a result of the economic outlook, which is steady. However, some scaling factors have been amended by the Branch Managers using their judgement of the future behaviour of th...
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Related to Voluntary Outflow

  • Voluntary Overtime No Employee shall be required to work overtime against her wishes when the work can be done by other employees.

  • 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.

  • Voluntary and Involuntary Prepayments (a) Any receipt by Xxxxxx of principal due under this Note prior to the Maturity Date, other than principal required to be paid in monthly installments pursuant to Section 3, constitutes a prepayment of principal under this Note. Without limiting the foregoing, any application by Xxxxxx, prior to the Maturity Date, of any proceeds of collateral or other security to the repayment of any portion of the unpaid principal balance of this Note constitutes a prepayment under this Note. (b) Borrower may voluntarily prepay all of the unpaid principal balance of this Note on an Installment Due Date so long as Borrower designates the date for such prepayment in a Notice from Borrower to Lender given at least 30 days prior to the date of such prepayment. If an Installment Due Date (as defined in Section 1(a)) falls on a day which is not a Business Day, then with respect to payments made under this Section 10 only, the term "Installment Due Date" shall mean the Business Day immediately preceding the scheduled Installment Due Date. (c) Notwithstanding subsection (b) above, Borrower may voluntarily prepay all of the unpaid principal balance of this Note on a Business Day other than an Installment Due Date if Borrower provides Lender with the Notice set forth in subsection (b) and meets the other requirements set forth in this subsection. Borrower acknowledges that Xxxxxx has agreed that Borrower may prepay principal on a Business Day other than an Installment Due Date only because Lender shall deem any prepayment received by Lender on any day other than an Installment Due Date to have been received on the Installment Due Date immediately following such prepayment and Borrower shall be responsible for all interest that would have been due if the prepayment had actually been made on the Installment Due Date immediately following such prepayment. (d) Unless otherwise expressly provided in the Loan Documents, Borrower may not voluntarily prepay less than all of the unpaid principal balance of this Note. In order to voluntarily prepay all or any part of the principal of this Note, Borrower must also pay to Lender, together with the amount of principal being prepaid, (i) all accrued and unpaid interest due under this Note, plus (ii) all other sums due to Lender at the time of such prepayment, plus (iii) any prepayment premium calculated pursuant to Section 10(e). (e) Except as provided in Section 10(f), a prepayment premium shall be due and payable by Borrower in connection with any prepayment of principal under this Note during the Prepayment Premium Period. The prepayment premium shall be whichever is the greater of subsections (A) and (B) below:

  • Voluntary Withdrawal If any Partner should withdraw from the Partnership, they must give at least days’ written notice to the Partnership. Such withdrawal shall have no effect on the day-to-day operations of the Partnership.

  • Voluntary Reduction The Borrower shall have the right at any time and from time to time, upon at least five (5) Business Days prior written notice to the Administrative Agent, to permanently reduce, without premium or penalty, (i) the entire Revolving Credit Commitment at any time or (ii) portions of the Revolving Credit Commitment, from time to time, in an aggregate principal amount not less than $3,000,000 or any whole multiple of $1,000,000 in excess thereof. Any reduction of the Revolving Credit Commitment shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender according to its Revolving Credit Commitment Percentage. All Commitment Fees accrued until the effective date of any termination of the Revolving Credit Commitment shall be paid on the effective date of such termination.

  • Voluntary Redundancy a) With the exception of areas where there is only one position under review, the employer will call for expressions of interest from kaimahi within the area of review who wish to volunteer for redundancy to cover the surplus/es positions that have been identified. b) Should the number of volunteers exceed the number of surpluses, the employer will apply selection criteria as defined in clause 12.7 to determine whose application for redundancy will be accepted. c) Should the number of volunteers not exceed the number of identified surpluses, the employer will accept all expressions of interest from those who have volunteered subject to the operational requirements of the employer. d) Should there be no volunteers or insufficient volunteers to discharge the surplus, the employer shall then apply the criteria set out in clause 11.7 to identify the kaimahi to be declared surplus.

  • Voluntary Demotion An employee requesting a voluntary demotion from a higher-rated position and who is subsequently demoted to the lower-rated position, shall be paid on the increment step appropriate to the employee’s continuous service with the Employer. A voluntary demotion shall not change an employee’s anniversary date.

  • Voluntary Deductions A. The Employer agrees to deduct from the wages of any employee who is a member of the Union a PEOPLE deduction as provided for in a written authorization. Such authorization must be executed by the employee and may be revoked by the employee at any time by giving written notice to both the Employer and the Union. The Employer agrees to electronically remit any deductions made pursuant to this provision to the Union together with an electronic report showing: 1. Employee name;

  • Voluntary Proceedings Any Loan Party or Subsidiary of a Loan Party shall commence a voluntary case under any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator (or other similar official) of itself or for any substantial part of its property or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any action in furtherance of any of the foregoing.

  • Voluntary Prepayment Subject to the following conditions, the Borrower may prepay the whole or any part of the Loan on the last day of an Interest Period.

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