Grandfathered Positions Clause Samples

The "Grandfathered Positions" clause defines how certain existing rights, obligations, or arrangements are preserved despite changes in law, regulation, or contract terms. Typically, this clause applies to positions or agreements that were established before a new rule or amendment takes effect, allowing those positions to continue operating under the previous terms. Its core function is to protect parties from retroactive application of new requirements, ensuring stability and predictability for arrangements made under earlier rules.
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Grandfathered Positions. The following positions are considered to be grandfathered positions and all references have been removed from the bargaining agreement. Employees in this grandfathered position will continue to receive the rates of pay outlined in the bargaining agreement and/or premiums as long as the employee remains in the position: Journeyman Meat Cutters will be Grandfathered and their rate of pay “red circled”. In the event a Meat Manager steps down or is demoted from their position, they will be placed in the classification from which they came prior to being assigned as Meat Manager. In the event of a layoff, reduction of hours, and store closing, seniority will apply. (For these purposes, seniority will be defined to provide Grandfathered Journeyman and Meat Clerks to be in the same classification.) If a Journeyman Meat Cutter is laid off and recalled at a later date, he will be returned to the rate of pay he was at prior to being laid off.
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Grandfathered Positions. The Parties previously agreed to designate positions 6103 and 994 at Platinum Presidential status. However, because of various delays in integrating these positions into Mannatech's Enterprise computer system ("Enterprise") for reasons beyond Mannatech's control and without an admission of liability, the Parties have agreed that Mannatech shall designate ("grandfather") positions 268, 328, 741, and 947 at Platinum Presidential status (collectively "Grandfathered Positions") effective Business Period 1 (2002). ▇▇▇▇▇▇▇ understands and agrees that the Grandfathered Positions will not be entered into the Enterprise until on or about February 2002, and any and all commissions then due will be automatically generated through Enterprise. ▇▇▇▇▇▇▇ shall properly pay, when due, any and all tax liability resulting from and due any taxing authority on account of the effect of this Agreement, and shall indemnify and hold Mannatech harmless from the same.
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Grandfathered Positions. ‌ a. Those bargaining unit members assigned an extra compensation position during the 1993-94 school year, whose extra compensation would be less using the percentage schedule, will be grandfathered on the schedule in effect during the 1993-94 school year. The 1993-94 schedule will be “frozen” and extra compensation will remain at this level until their assignment reaches an equal or higher amount on the new extra compensation schedule. When extra compensation has been eliminated for an assignment, grandfathering will continue as long as the bargaining unit member continues to hold that position with the exception of the music bargaining unit members who are grandfathered on another set of criteria. b. Should a bargaining unit member in a grandfathered assignment drop that assignment for a period of time after the 1993-94 school year and then decide to resume, they would be placed at their correct experience level on the percentage schedule rather than return to the grandfathered schedule. The exception to this would be for a person on an approved leave of absence. Likewise for bargaining unit members who are grandfathered in eliminated extra compensation assignments. c. They would not come back to the grandfathered schedule once they have stopped unless they were on an approved leave of absence.
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Grandfathered Positions. The following positions are considered to be grandfathered positions and all references have been removed from the Collective Bargaining Agreement. ▇▇▇ ▇▇▇▇▇▇ Lead Night Stock Clerks, except in stores with a total sales volume excluding fuel of $310,000 or above. Cosmetician Chefs (Meat) Seafood Manager Journeyman/Boxman Employees in these grandfathered positions will continue to receive the rates of pay outlined in the bargaining agreement and/or premiums as long as the employee remains in the position.
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Related to Grandfathered Positions

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

  • Deferrals If permitted by the Company, the Participant may elect, subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Break in Service No absence under any paid leave provisions of this Article shall be considered as a break in service for any employee who is in paid status, and all benefits accruing under the provisions of this Agreement shall continue to accrue under such absence.