– Lock In Periods Sample Clauses

– Lock In Periods. To facilitate new equity investors in MIM projects, WGCo may subscribe for a higher equity stake at financial close and sell down part of its shareholding thereafter during the lock in period. If WGCo wishes to do this, bidders will be advised at the start of procurement and this provision would then be included.

– Lock In Periods a) For Positions at Job Group 3 and Below i) In Case of Promotion – Employees who are awarded a job posting or newly hired at Job Group 3 or below shall not be entitled to apply for another posting or position involving a promotion for a period of ninety (90) consecutive calendar days commencing on the date of each such job posting award or new hire, except by mutual agreement with the Employer. ii) In Case of Lateral Transfer – Employees who are awarded a job posting or newly hired at Job Group 3 or below shall not be entitled to apply for another posting or position involving a lateral transfer for a period of three hundred sixty-five (365) consecutive calendar days commencing on the date of each such job posting award or new hire, except by mutual agreement with the Employer. b) For Positions at Job Group 4 and Above i) In Case of Promotion – Employees who are awarded a job posting or newly hired at Job Group 4 or above shall not be entitled to apply for another posting or position involving a promotion for a period of one hundred eighty (180) consecutive calendar days commencing on the date of each such job posting award or new hire, except by mutual agreement with the Employer.