Layoff – Process and Options Clause Samples

Layoff – Process and Options. (a) In the event of a layoff, nurses shall be laid off in the reverse order of seniority provided that the nurses who are entitled to remain on the basis of seniority are qualified to perform the available work. Subject to the foregoing, probationary nurses shall be first laid off. (b) Nurses shall have the following entitlements in the event of a layoff. Prior to implementing a short-term layoff on a unit, nurses will first be offered, in order of seniority, the opportunity to take vacation day(s), utilize any compensating/lieu time credits or to take unpaid leaves in order to minimize the impact of a short-term layoff. i) A nurse who has been notified of a short-term layoff may: (A) Accept the layoff; or (B) Opt to retire if eligible under the terms of the Hospital's pension plan as outlined in Article 17.04; or (C) Elect to transfer to a vacant position, provided they are qualified to perform the available work; or (D) Displace the least senior nurse in the bargaining unit whose work they are qualified to perform. ii) A nurse who has been notified of a long-term layoff may: (A) Accept the layoff; or (B) Opt to retire if eligible under the terms of the Hospital's pension plan as outlined in Article 17.04; or (C) Elect to transfer to a vacant position provided that they are qualified to perform the available work; or (D) Displace another nurse in any classification who has lesser bargaining unit seniority and who is the least senior nurse on a unit or area whose work the nurse subject to layoff is qualified to perform. iii) In all cases of layoff: (A) Any agreement between the Hospital and the Union concerning the method of implementation of a layoff shall take precedence over the terms of this article. While an individual nurse is entitled to Union representation, the unavailability of a representative of the Union shall not delay any meeting regarding layoffs or staff reductions. (B) Where a vacancy occurs in a position following a layoff hereunder as a result of which a nurse has been transferred to another position, the affected nurse will be offered the opportunity to return to their former position providing such vacancy occurs within six (6) months of the date of layoff. Where the nurse returns to their former position there shall be no obligation to consider the vacancy under Article 10.07. Where the nurse refuses the opportunity to return to their former position the nurse shall advise the Hospital in writing. (C) No reduction in the hours of wor...
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Layoff – Process and Options a) In the event of a layoff, employees shall be laid off in the reverse order of seniority provided that the employees who are entitled to remain on the basis of seniority are qualified to perform the available work. Subject to the foregoing, probationary employees shall be first laid off.
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Layoff – Process and Options i) An employee who has been notified of a layoff may: (B) opt to retire if eligible under the terms of the University’s pension plan as outlined in Article 18.01 Replace (B): “opt to retire if eligible under the terms of the University Pension Plan”.
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Layoff – Process and Options. (i) In the event of a layoff, nurses shall be laid off in the reverse order of seniority in the affected Centre(s), provided that the nurses who are entitled to remain on the basis of seniority are qualified to perform the available work. Subject to the foregoing, probationary nurses shall be first laid off. Lay-off in full-time positions shall be separate from lay-off in part-time positions. (ii) Nurses shall have the following entitlements in the event of a layoff; A nurse who has been notified of a long term layoff may: (A) accept the layoff; or (B) opt to retire if eligible under the terms of the pension plan as outlined in Article 17.02; or (C) elect to transfer to a vacant position provided that she or he is qualified to perform the available work; or (D) displace another nurse in a same or lesser classification who has lesser seniority in the affected Centre whose work the nurse subject to layoff is qualified to perform. A "vacant position" shall mean a position for which the posting process has been completed and no successful applicant has been appointed.
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Layoff – Process and Options. (i) In the event of a layoff, nurses shall be laid off in the reverse order of seniority in the affected Home(s), provided that the nurses who are entitled to remain on the basis of seniority are qualified to perform the available work. Subject to the foregoing, probationary nurses shall be first laid off. Lay-off in full-time positions shall be separate from lay-off in part-time positions.
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Layoff – Process and Options. (a) In the event of a layoff, employees shall be laid off in the reverse order of seniority provided that the employees who are entitled to remain on the basis of seniority are qualified to perform the available work. Subject to the foregoing, probationary employees shall be first laid off. (b) Employees shall have the following entitlements in the event of a short-term layoff: i) Prior to implementing a short-term layoff on a unit, employees will first be offered, in order of seniority, the opportunity to take vacation day(s), utilize any compensating/lieu time credits or to take unpaid leaves in order to minimize the impact of a short-term layoff. ii) An employee who has been notified of a short-term layoff may: A) Accept the layoff; or B) Opt to retire if eligible under the terms of the Hospital's pension plan as outlined in Article 21.04; or C) Elect to transfer to a vacant position, provided they are qualified to perform the available work; or D) Displace the least senior employee within in the bargaining unit whose work they are qualified to perform.
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Layoff – Process and Options. (a) In the event of a layoff, employees shall be laid off in the reverse order of seniority provided that the employees who remain are, in the opinion of the Employer, able to perform the required work. Subject to the foregoing, probationary employees shall be first laid off. (b) In all cases of lay off employees shall have the option to displace the least senior employee in the bargaining unit whose work she or he is qualified to perform. For clarity, employees will be paid according to the work performed. (c) Prior to implementing a short-term layoff employees will first be offered, in order of seniority, the opportunity to take vacation day(s), utilize any compensating/lieu time credits or to take unpaid leaves in order to minimize the impact. (d) Any agreement between the Employer and the Union concerning the method of implementation of a layoff shall take precedence over the terms of this article. The unavailability of a representative of the Union shall not delay any meeting regarding layoffs or staff reductions. (e) Full-time and part-time layoff and recall rights shall be separate. (f) No new employees shall be hired until all those employees who retain the right to be recalled have been given an opportunity to return to work, provided that such employees are, in the opinion of the Employer, able to perform the required work.
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Related to Layoff – Process and Options

  • Effect; Effective Date Upon (i) delivery to the Agent of a duly executed Assignment Agreement, together with any consents required by Sections 12.3(a) and 12.3(b), and (ii) payment of a $3,500 fee to the Agent for processing such assignment (unless such fee is waived by the Agent), such Assignment Agreement shall become effective on the effective date specified by the Agent in such Assignment Agreement. The Assignment Agreement shall contain a representation by the Purchaser to the effect that none of the consideration used to make the purchase of the Commitment and Credit Exposure under the applicable Assignment Agreement constitutes “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and under the Loan Documents will not be “plan assets” under ERISA. On and after the effective date of such Assignment Agreement, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders and shall have all the rights and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Commitment and Credit Exposure assigned to such Purchaser without any further consent or action by the Borrower, the Lenders or the Agent. In the case of an Assignment Agreement covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents which survive payment of the Obligations and termination of the applicable agreement. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to this Section 12.3(c), the transferor Lender, the Agent and the Borrower shall, if the transferor Lender or the Purchaser desires that its Loans be evidenced by Notes, make appropriate arrangements so that new Notes or, as appropriate, replacement Notes are issued to such transferor Lender and new Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each case in principal amounts reflecting their respective Commitments, as adjusted pursuant to such assignment.

  • Termination of Merger Agreement This Agreement shall be binding upon each party upon such party’s execution and delivery of this Agreement, but this Agreement shall only become effective upon the Closing. In the event that the Merger Agreement is validly terminated in accordance with its terms prior to the Closing, this Agreement shall automatically terminate and become null and void and be of no further force or effect, and the parties shall have no obligations hereunder.

  • EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement.

  • Preservation of Purchase Rights Upon Merger, Consolidation, etc In case of any consolidation of the Company with or merger of the Company into another corporation or in case of any sale, transfer or lease to another corporation of all or substantially all of the property of the Company, the Company or such successor or purchasing corporation, as the case may be, shall execute with the Warrantholders an agreement that the Warrantholders shall have the right thereafter upon payment of the Exercise Price in effect immediately prior to such action to purchase upon exercise of this Warrant the kind and amount of shares and other securities and property which such holder would have owned or have been entitled to receive after the happening of such consolidation, merger, sale, transfer or lease had this Warrant been exercised immediately prior to such action; PROVIDED, HOWEVER, that no adjustment in respect of cash dividends, interest or other income on or from such shares or other securities and property shall be made during the term of this Warrant or upon the exercise of this Warrant. Such agreement shall provide for adjustments, which shall be as nearly equivalent as practicable to the adjustments provided for in this Section 5. The provisions of this Section 5 shall apply similarly to successive consolidations, mergers, sales, transfers or leases.

  • Limitations and Closed Periods Notwithstanding anything to the contrary in this Indenture or the Notes: (1) Notes may be surrendered for conversion only after the Open of Business and before the Close of Business on a day that is a Business Day; (2) in no event may any Note be converted after the Close of Business on the second (2nd) Scheduled Trading Day immediately before the Maturity Date; (3) if the Company calls any Note for Redemption pursuant to Section 4.03, then the Holder of such Note may not convert such Note after the Close of Business on the second (2nd) Business Day immediately before the applicable Redemption Date, except to the extent the Company fails to pay the Redemption Price for such Note in accordance with this Indenture; and (4) if a Fundamental Change Repurchase Notice is validly delivered pursuant to Section 4.02(F) with respect to any Note, then such Note may not be converted, except to the extent (a) such Note is not subject to such notice; (b) such notice is withdrawn in accordance with Section 4.02(F); or (c) the Company fails to pay the Fundamental Change Repurchase Price for such Note in accordance with this Indenture.