Notice of Reduction Clause Samples
A Notice of Reduction clause requires one party to formally notify the other if they intend to decrease the quantity, scope, or value of goods, services, or obligations under a contract. Typically, this clause outlines the process for providing written notice, specifies the required advance notice period, and may detail any conditions or limitations on reductions. Its core function is to ensure transparency and allow the affected party time to adjust to changes, thereby minimizing disruption and potential disputes.
Notice of Reduction. When, in the opinion of the Employer, it becomes necessary to:
Notice of Reduction. Non-probationary staff members will be given a minimum of fourteen (14) calendar days’ notice prior to reduction in force. If fourteen (14) calendar days’ notice cannot be given, severance pay will be provided in lieu of notice for each workday lost during the fourteen (14) calendar day period.
Notice of Reduction. The employer will notify the Union and all affected bargaining unit employees at least fourteen (14) calendar days in advance of its intent to reduce the work force, and will, at the time of notice, provide the Union with a current, updated seniority list.
Notice of Reduction. (a) When, in the opinion of the Employer, it becomes necessary to:
(i) reduce the number of Regular Employees; or
(ii) reduce a Regular Employee’s regularly scheduled hours of work; or
(iii) wholly or partly discontinue an undertaking, activity or service; the Employee will notify the affected Employee(s) at least fourteen (14) calendar days prior to the date of layoff, except the fourteen (14) day notice shall not apply where layoff results from an act of God, fire, flood, or a work stoppage by Employees not covered by this Collective Agreement.
(b) Where the reduction results from an act of God, fire or flood, the fourteen
Notice of Reduction. The Employer may layoff bargaining unit members and/or abolish positions due to a lack of work, lack of funds or reorganization. The Employer will notify the Union and all affected bargaining unit employees at least fourteen (14) calendar days in advance of its intent to reduce the work force, and will, at the time of notice, provide the Union with a current, updated seniority list. The Employer shall have the exclusive authority to determine the classification(s) for layoff.
Notice of Reduction. On (i) each reduction of Advances Outstanding pursuant to Section 2.17(a), (ii) any termination of this Agreement and (iii) any reduction in part of the Facility Amount pursuant to Section 2.17(b), the Borrower (or the Servicer on its behalf) will provide a Notice of Reduction and a Borrowing Base Certificate, updated to no sooner than the Business Day preceding such date (provided that any information in the Loan Tape referenced in such Borrowing Base Certificate will be as of the Loan Tape Cut-Off Date), to the Administrative Agent (with a copy to the Collateral Agent).
Notice of Reduction. (a) When, in the opinion of the Employer, it becomes necessary to:
(i) reduce the number of Regular Employees; or
(ii) reduce a Regular Employee’s regularly scheduled hours of work; or
(iii) wholly or partly discontinue an undertaking, activity or service;
(iv) of layoff, notice shall not apply where layoff results from an act of God, fire, flood, or a work stoppage by Employees not covered by this Collective Agreement.
(b) Where the reduction results from an act of God, fire or flood, the notice is not required but pay in lieu thereof provided for in Article 26.03 based on regularly scheduled hours worked during this period shall be paid to affected Employees.
(c) The Employer shall notify an Employee with at least fourteen (14) working days notice, who is to be laid off and thereafter in accordance with the length of time the Employee has been employed by the Employer.
(i) For employees employed with the Employer for five (5) years or less - at least fourteen (14) calendar days prior to the date of layoff;
(ii) For employees employed with the Employer for six (6) to ten (10) years – at least twenty-one (21) calendar days prior to the date of layoff;
(iii) For employees employed with the Employer for ten (10) or more years – at least twenty-eight (28) calendar days prior to the date of layoff.
Notice of Reduction. Non-probationary staff members will be given a minimum of fourteen
Notice of Reduction. (amended 11/19/08)
Notice of Reduction. A reduction in force may be implemented by the Board of Education which shall designate the employee groups within which reduction will be made. If reduction becomes necessary, all notices shall be in accordance with the District's policy concerning suspension, demotion, termination and non-reemployment. (2023)