Change in Category Clause Samples

The 'Change in Category' clause defines the process and conditions under which a party may alter the classification or status of a subject, such as a product, service, or employee, within the scope of an agreement. Typically, this clause outlines the required notice, approval procedures, and any documentation needed to effectuate a change from one category to another. For example, it may apply when a product is upgraded from a standard to a premium category, or when an employee's role shifts from part-time to full-time. The core function of this clause is to provide a clear and orderly mechanism for managing changes in classification, thereby reducing disputes and ensuring all parties are aware of and agree to the new status.
Change in Category. Seniority When an employee is eligible for an increase in pay due to a change in their years of corporation seniority, the increase will occur at the following time: 1. Employees who were hired between January 1 and June 30 will receive their corporation seniority increase with the first pay in February. 2. Employees who were hired between July 1 and December 31 will receive their corporation seniority increase with the first pay in July. This section does not apply to the 61st Working Day salary increase.
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Change in Category. Seniority When an employee is eligible for an increase in pay due to a change in their years of corporation seniority, the increase will occur on their anniversary date. This section does not apply to the 61st Working Day salary increase.
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Change in Category. A teacher who notifies the Director of Education in writing that an application has been submitted to QECO for an increase in category, is entitled to retroactive salary to the date of notification, provided that the teacher submits the QECO statement of evaluation certificate as proof of category change forthwith upon receipt of same. The notification to the Director of Education shall be accompanied by a copy of the application made to QECO.
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Change in Category. A Teacher who qualified before September 01 or before December 31 of the current school year for a change in category by reason of improved qualifications shall receive the appropriate differential in accordance with the following:
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Change in Category. 11.01 In the event the employer requires a new position or substantial change in category covered by this agreement the General Manager and/or designate shall discuss the creation and/or change in category at the staff/relations committee.
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Change in Category. A Long-Term Occasional Teacher who qualified before September 01 or before December 31 of the current school year for a change in category by reason of improved qualifications shall receive the appropriate differential in accordance with the following: (a) CHANGE IN CATEGORY BEFORE SEPTEMBER 01 For any qualifications obtained on or before September 01, placement in a higher category shall be made effective September 01 of the current school year. Confirming documents must be submitted to the Board on or before December 31 of the current school year. If the necessary documents are submitted after December 31, the adjustment will be effective January 01 of the school year in which they are received. Notwithstanding the foregoing, if through no fault of the Occasional Teacher, confirming documents are delayed beyond December 31, the appropriate adjustment will be made effective September 01 of the current school year.
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Change in Category. In the event an employee is transferred from full‐time to part‐time/relief or vice‐ versa, and provided there is no break in employment of more than seven calendar days, the employee’s seniority shall be transferred on the basis of one year for 2184 hours worked.
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Change in Category. A Long-Term Occasional Teacher who qualified before September 01 or before December 31 of the current school year for a change in category by reason of improved qualifications shall receive the appropriate differential in accordance with the following: a) CHANGE IN CATEGORY BEFORE SEPTEMBER 01 For any qualifications obtained on or before September 01, placement in a higher category shall be made effective September 01 of the current school year. Confirm ing docum ents must be subm itted to the Board on or before December 31 of the current school year. If the necessary docum ents are subm itted after Decem ber 31, the adjustm ent will be effective January 01 of the school year in which they are received. Notwithstanding the foregoing, if through no fault of the Occasional Teacher, confirming documents are delayed beyond Decem ber 31, the appropriate adjustm ent will be made effective September 01 of the current school year.
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Related to Change in Category

  • Change in Capitalization (a) The number and kind of Restricted Shares shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a subdivision or combination of shares or the payment of a stock dividend in shares of Common Stock to holders of outstanding shares of Common Stock or any other increase or decrease in the number of shares of Common Stock outstanding effected without receipt of consideration by the Company. No fractional shares shall be issued in making such adjustment. All adjustments made by the Committee under this Section shall be final, binding, and conclusive. (b) In the event of a merger, consolidation, extraordinary dividend (including a spin-off), reorganization, recapitalization, sale of substantially all of the Company’s assets, other change in the capital structure of the Company, tender offer for shares of Common Stock or a Change in Control, an appropriate adjustment may be made with respect to the Restricted Shares such that other securities, cash or other property may be substituted for the Common Stock held by Share Custodian or recorded in book entry form pursuant to this Award. (c) The existence of the Plan and the Restricted Stock Award shall not affect the right or power of the Company to make or authorize any adjustment, reclassification, reorganization or other change in its capital or business structure, any merger or consolidation of the Company, any issue of debt or equity securities having preferences or priorities as to the Common Stock or the rights thereof, the dissolution or liquidation of the Company, any sale or transfer of all or part of its business or assets, or any other corporate act or proceeding.

  • 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.

  • Change in Name The Purchaser shall intimate the Seller of any change in its name (on account reasons other than a change in its Control), immediately upon occurrence of name change. The Parties shall thereafter take necessary steps to record such change in the name of the Purchaser in the books and records of the Seller and shall also execute an amendment agreement to the Agreement to record such name change.

  • Change in Capital Structure The terms of this Agreement, including the number of Stock Units subject to this Agreement, shall be adjusted as the Committee determines is equitably required in the event the Company effects one or more stock dividends, stock split-sups, subdivisions or consolidations of shares or other similar changes in capitalization.

  • Change in Fiscal Year Such Obligor will not, and will not permit any of its Subsidiaries to, change the last day of its fiscal year from that in effect on the date hereof, except to change the fiscal year of a Subsidiary acquired in connection with an Acquisition to conform its fiscal year to that of Borrower.