Attrition Sample Clauses
The Attrition clause defines the terms under which a party, typically in event or hospitality contracts, may reduce their commitment to a certain number of reserved rooms, attendees, or services without incurring full cancellation penalties. This clause usually specifies a percentage or number of units that can be released by a certain date, and may require payment of a partial fee for any unused portion beyond the allowed reduction. Its core function is to provide flexibility for the contracting party to adjust their obligations if actual needs fall short of initial estimates, while also protecting the service provider from significant revenue loss due to underutilization.
POPULAR SAMPLE Copied 15 times
Attrition. Attrition means that as people leave their jobs because they retire, resign, transfer, die or are promoted then they may not be replaced. In addition or alternatively, there may be a partial or complete freeze on recruiting new employees or on promotions.
Attrition. The number of employees affected by a reduction in force will be kept to a minimum by not employing replacements for employees who retire or resign whenever possible, or whose contracts are not renewed on the basis of performance.
Attrition. It is understood that attrition can be used effectively as a redeployment strategy. The Employer agrees that, wherever practicable, attrition will be utilized as an alternative to layoffs.
Attrition. The number of persons affected by a reduction in force will be kept to a minimum by not employing replacements insofar as practicable for employees who retire or resign or whose limited contracts are not renewed on the basis of performance. To achieve educational aims, however, it may be necessary to hire some replacements for some positions if other employees in the system do not possess the certification/licensure, qualifications and experience for the position and the position is one that needs to be filled. Attrition, moreover, may not be sufficient to accomplish a reduction in force in full.
Attrition. Through the normal process of staff turnover, the required reduction in staffing is achieved through resignations over time.
Attrition. Whenever possible, attrition due to retirement, resignation, early separation, or death should be used to avoid the necessity for layoff.
Attrition. The number of persons affected by a layoff will be kept to a minimum by not employing replacements, insofar as practicable, for employees who retire, resign, or otherwise vacate a position.
Attrition. 20.9.1 It is understood that attrition can be used effectively as a redeployment strategy. The Employer agrees that, wherever possible, it will utilize attrition as a means of reducing the workforce.
Attrition. When a review shows that a staffing surplus will exist or a reduction in units is required the employer shall, at the first instance, consider in consultation with staff whether this staffing surplus and/or reduction in units can be absorbed by attrition.
Attrition. Due to the normal process of staff turnover the number of employees is allowed to decrease.