PROTECTED NOTIONAL CONDITIONS Clause Samples

The "Protected Notional Conditions" clause defines specific terms or assumptions that are safeguarded from change throughout the duration of an agreement. In practice, these conditions might include baseline figures such as interest rates, exchange rates, or other key variables that, once set, are insulated from subsequent market fluctuations or renegotiation unless certain predefined triggers occur. This clause serves to provide certainty and stability for both parties by locking in critical assumptions, thereby reducing the risk of disputes or unexpected financial exposure due to external changes.
PROTECTED NOTIONAL CONDITIONS i. This Agreement shall form the complete agreement covering all terms and conditions of employment. It shall operate to the exclusion of any and all awards and supersedes any previous arrangements or agreements. Subject to clause 4.2 this Agreement totally excludes all protected award conditions however so described or determined by a relevant court or tribunal of competent jurisdiction including overtime, annual leave loadings, rest breaks, penalty rates , all monetary allowances, including expense related, responsibility and disability allowances, meal allowances, incentive-based payments and bonuses, outworker conditions, and shift penalties. ii. Despite clause 5.1 and subject to the conditions contained in this Agreement, an employee is entitled to the following protected conditions: (a) Observance of days declared as Public Holidays in Queensland, for Queensland or a region of Queensland; and (b) Days to be substituted for or a procedure for substituting Public Holidays.
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PROTECTED NOTIONAL CONDITIONS. 4.1. This agreement shall form the complete agreement covering all terms and conditions of employment. It shall operate to the exclusion of any and all awards and supersedes any previous arrangements or agreements. Subject to clause 4.2 this Agreement totally excludes all Protected Notional Conditions as prescribed by Schedule 8, clause 52 of the Workplace Relations Act 1996 however so described or determined by a relevant court or tribunal of competent jurisdiction including overtime, annual leave loadings, rest breaks, penalty rates , all monetary allowances, including expense related, responsibility and disability allowances, meal allowances, incentive-based payments and bonuses, outworker conditions, and shift penalties. In addition, this agreement shall also expressly exclude all Protected Award Conditions as prescribed by section 354 of the Workplace Relations Act 1996, which may apply as a result of an order of the Commission under Part 10, Division 6 and or Division 7 of the Workplace Relations Act 1996. 4.2. Despite clause 4.1 and subject to the conditions contained in this agreement, an employee is entitled to the following Protected Notional Conditions: (a) Observance of days declared as Public Holidays in Queensland, for Queensland or a region of Queensland; and (b) Days to be substituted for or a procedure for substituting Public Holidays.
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PROTECTED NOTIONAL CONDITIONS. 46.1 This Agreement operates to the exclusion of any award or other industrial instrument that may otherwise apply to employees covered by this Agreement. However, this Agreement does not limit the terms that may be agreed as part of an employee's employment contract (provided that they are not inconsistent with this Agreement). 46.2 The terms of any protected award conditions, protected notional conditions or protected preserved conditions (as those terms are defined in the Act) which might otherwise apply to an employee are expressly excluded from this Agreement, and do not apply to an employee's employment, including terms concerning: 46.2.1 rest breaks; 46.2.2 incentive based payments and bonuses; 46.2.3 annual leave loadings; 46.2.4 observance of days declared by or under a law of a State or Territory, to be observed generally within that State or Territory, or a region of that State or Territory, as public holidays by employees who work in that State, Territory or region, and entitlements of employees to payment in respect of those days; 46.2.5 days to be substituted for, or a procedure for substituting days referred to in paragraph 46.2.4; 46.2.6 monetary allowances for: 46.2.6.1 expenses incurred in the course of employment; 46.2.6.2 responsibilities or skills that are not taken into account in rates of pay for employees; or 46.2.6.3 disabilities associated with the performance of particular tasks or work in particular conditions or locations; 46.2.7 loadings for working overtime or for shift work; and 46.2.8 penalty rates. Level 0 Inductee Responsibility/duties may include but are not limited to: □ Maintaining the quality of their own work and required performance standards □ Working in a team environment □ Undertaking duties in a safe and responsible manner □ Demonstrate basic interpersonal and communication skills Performs the following tasks: □ Packing duties □ Waste Handling □ Monitor Finished Goods Product range, pack sizes, carton sizes □ Monitor packing configurations and techniques □ Defect packaging/product recognition □ Loading/Unloading truck □ Housekeeping and Cleaning Level 1 Packer Responsibilities/duties may include but are not limited to: □ Maintaining the quality of their own work and required performance standards □ Working in a team environment □ Undertaking duties in a safe and responsible manner □ Demonstrate basic interpersonal and communication skills □ Perform relief lab work □ Forklift operation Stores Raw Materials or War...
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PROTECTED NOTIONAL CONDITIONS. 4.1. This agreement shall form the complete agreement covering all terms and conditions of employment. It shall operate to the exclusion of any and all awards and supersedes any previous arrangements or agreements. Subject to clause 4.2 this Agreement totally excludes all protected award conditions of the Workplace Relations Act 1996 however so described or determined by a relevant court or tribunal of competent jurisdiction including overtime, annual leave loadings, rest breaks, penalty rates , all monetary allowances, including expense related, responsibility and disability allowances, meal allowances, incentive-based payments and bonuses, outworker conditions, and shift penalties. 4.2. Despite clause 4.1 and subject to the conditions contained in this agreement, an employee is entitled to the following Protected Notional Conditions: (a) Observance of days declared as Public Holidays in Queensland, for Queensland or a region of Queensland; and (b) Days to be substituted for or a procedure for substituting Public Holidays.
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PROTECTED NOTIONAL CONDITIONS. This Agreement shall form the complete agreement covering all terms and conditions of employment. It shall operate to the exclusion of any and all awards and supersedes any previous arrangements or agreements. This Agreement totally excludes any Protected Notional Conditions (as prescribed in clause 52 of Schedule 8 of the Workplace Relations Act 1996) not included in
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Related to PROTECTED NOTIONAL CONDITIONS

  • Additional Conditions As a condition to any such assignment or subletting, whether or not Landlord’s consent is required, Landlord may require: (i) that any assignee or subtenant agree, in writing at the time of such assignment or subletting, that if Landlord gives such party notice that Tenant is in default under this Lease, such party shall thereafter make all payments otherwise due Tenant directly to Landlord, which payments will be received by Landlord without any liability except to credit such payment against those due under the Lease, and any such third party shall agree to attorn to Landlord or its successors and assigns should this Lease be terminated for any reason; provided, however, in no event shall Landlord or its successors or assigns be obligated to accept such attornment; and (ii) A list of Hazardous Materials, certified by the proposed assignee or sublessee to be true and correct, which the proposed assignee or sublessee intends to use, store, handle, treat, generate in or release or dispose of from the Premises, together with copies of all documents relating to such use, storage, handling, treatment, generation, release or disposal of Hazardous Materials by the proposed assignee or subtenant in the Premises or on the Project, prior to the proposed assignment or subletting, including, without limitation: permits; approvals; reports and correspondence; storage and management plans; plans relating to the installation of any storage tanks to be installed in or under the Project (provided, said installation of tanks shall only be permitted after Landlord has given its written consent to do so, which consent may be withheld in Landlord’s sole and absolute discretion); and all closure plans or any other documents required by any and all federal, state and local Governmental Authorities for any storage tanks installed in, on or under the Project for the closure of any such tanks. Neither Tenant nor any such proposed assignee or subtenant is required, however, to provide Landlord with any portion(s) of the such documents containing information of a proprietary nature which, in and of themselves, do not contain a reference to any Hazardous Materials or hazardous activities.

  • ORIGINAL CONDITIONS A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations and to the same modifications and alterations as the Policy, subject to the terms and conditions of this Contract, and the Reinsurer shall be credited with its exact proportion of the Insured's premiums due to the Company under the Policy. B. Nothing herein shall in any manner create any obligation or establish any right against the Reinsurer in favor of third parties or any persons not parties to this Contract except as provided with respect to the Insured in this Contract or in the Assumption of Liability Endorsement. C. In the event of a Quota Share Reduction, as that term is defined under the Policy, each Subscribing Reinsurer's participation percentage in this Contract shall be increased in the proportion that 100% bears to the total Subscribing Reinsurer's participation after the Quota Share Reduction. For the avoidance of doubt, such participation percentage increase is necessary to account for the reduction provisions of the Reduction Under Quota Share Contract Article of the Policy. If applicable, the Remaining Aggregate Retention, as that term is defined under the Policy, would likewise be adjusted. Any termination of a Subscribing Reinsurer's participation in this Contract shall not require the consent of any other Subscribing Reinsurer. As respects each Subscribing Reinsurer still participating on this Contract following the Reinsurer Reduction Date, as that term is defined under the Policy, in no event shall its share of the aggregate limit following the Reinsurer Reduction Date be greater than its share of the aggregate limit prior to the Reinsurer Reduction Date, notwithstanding that its participation percentage may increase as a result thereof. As an example, where the aggregate limit is $300,000,000 with each of three Subscribing Reinsurers retaining a 33.33% share ($100,000,000 each), and one Subscribing Reinsurer's share is terminated, then the resulting aggregate limit becomes $200,000,000 with each of the two remaining Subscribing Reinsurers retaining a 50.00% share (i.e., 33.33% x 100%/66.67%). As respects each of the two remaining Subscribing Reinsurers, its share of the aggregate limit shall remain at $100,000,000.

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received. (b) No preliminary or permanent injunction or other order by any federal, state or foreign court of competent jurisdiction which prohibits the consummation of the Exchange shall have been issued and remain in effect. No statute, rule, regulation, executive order, stay, decree, or judgment shall have been enacted, entered, issued, promulgated or enforced by any court or governmental authority which prohibits or restricts the consummation of the Exchange. All authorizations, consents, orders or approvals of, or declarations or filings with, and all expirations of waiting periods imposed by, any Governmental Body which are necessary for the consummation of the Exchange, other than those the failure to obtain which would not materially adversely affect the consummation of the Exchange or in the aggregate have a Material Adverse Effect on SKYC and its subsidiaries, taken as a whole, shall have been filed, occurred or been obtained (all such permits, approvals, filings and consents and the lapse of all such waiting periods being referred to as the “Requisite Regulatory Approvals”) and all such Requisite Regulatory Approvals shall be in full force and effect. (c) There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Exchange, by any Governmental Body which, in connection with the grant of a Requisite Regulatory Approval, imposes any material condition or material restriction upon SKYC or its subsidiaries or FDH, including, without limitation, requirements relating to the disposition of assets, which in any such case would so materially adversely impact the economic or business benefits of the Exchange as to render inadvisable the consummation of the Exchange.

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

  • SPECIAL CONDITIONS In addition to the DFPS Grant Uniform Terms and Conditions, the Grantee agrees to comply with the following DFPS Grant Special Conditions.