Definition of Least Senior Clause Samples

The 'Definition of Least Senior' clause establishes the meaning of the term 'Least Senior' within the context of the agreement, typically referring to the party, position, or class with the lowest priority or rank in a specified hierarchy. In practice, this clause clarifies which individuals or entities are considered least senior, such as the most junior employees in a workforce or the lowest-ranking creditors in a debt structure. By providing a clear definition, the clause ensures consistent interpretation throughout the contract, preventing disputes over priority or status and supporting fair application of related provisions.
Definition of Least Senior. For purposes of this Article, the least senior position is defined as either a vacant position which the Employer intends to fill; or in the absence of such vacancy, the position occupied by the least senior unit employee.

Related to Definition of Least Senior

  • Definition of Layoff A layoff shall be defined as a reduction in the work force or a reduction in the regular hours of work as defined in this Agreement.

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean:

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Definition of Lessor The term "LESSOR" as used herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this is a sublease, of the Lessee's interest in the prior lease. In the event of a transfer of Lessor's title or interest in the Premises or this Lease, Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Lessor. Except as provided in Paragraph 15, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the prior Lessor shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined. Notwithstanding the above, and subject to the provisions of Paragraph 20 below, the original Lessor under this Lease, and all subsequent holders of the Lessor's interest in this Lease shall remain liable and responsible with regard to the potential duties and liabilities of Lessor pertaining to Hazardous Substances as outlined in Paragraph 6 above.

  • Definitions and Incorporation by Reference 1 Section 1.01. Definitions.......................................................................1