RECLASSIFICATION AND POSTING Sample Clauses

RECLASSIFICATION AND POSTING. Unless otherwise mutually agreed upon between the Employer and the Association, where a change of duties and responsibilities to a position description results in an increase in classification of more than two (2) classification levels through the classification review or appeal process, the position shall be posted in accordance with Article 6. The original position shall be discontinued, and the incumbent shall be treated in accordance with the appropriate provisions of Article 10. If there is a decrease in classification of more than one classification level then the original position shall be discontinued and the incumbent treated in accordance with Article 10 The reclassified position shall be made available for a transfer under Clause 10.3.1. It shall be posted if no transfer is made. In the event that the Joint Classification/Appeals Committee determines that, in its opinion, a change of duties and responsibilities to a position description results in a new position being created then the Committee shall recommend to the Employer and Association that the new position be posted. The position will not be posted unless the Employer and the Association mutually agree upon this course of action. In the event the Employer and the Association do not mutually agree and the position is not posted, then the Association may proceed through the grievance and arbitration procedures outlined in Article 21. Where a reclassified position is to be posted, the original position shall be discontinued, and the incumbent shall be treated in accordance with the appropriate provisions of Article 10.
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RECLASSIFICATION AND POSTING. Unless otherwise mutually agreed upon between the Employer and the Association, where a change of duties and responsibilities to a position description results in an increase in classification of more than two (2) classification levels through the classification review or appeal process, the position shall be posted in accordance with Article 6. The original position shall be discontinued, and the incumbent shall be treated in accordance with the appropriate provisions of Article 10. If there is a decrease in classification of more than one classification level then the original position shall be discontinued and the incumbent treated in accordance with Article 10 The reclassified position shall be made available for a transfer under Clause 10.3.1. It shall be posted if no transfer is made.
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Related to RECLASSIFICATION AND POSTING

  • Classification and Reclassification It is understood and agreed that any Lien, sale, lease or other disposition of assets, Dividend, Indebtedness, Investment, Affiliate transaction or prepayment of Indebtedness need not be permitted solely by reference to one category of permitted Lien, sale, lease or other disposition of assets, Dividend, Indebtedness, Investment, Affiliate transaction or prepayment of Indebtedness under Sections 10.01, 10.02, 10.03, 10.04, 10.05, 10.06 and 10.07(a), respectively, but may instead be permitted in part under any combination thereof (it being understood that Lead Borrower may utilize amounts under any category that is subject to any financial ratio or test, including the Consolidated First Lien Net Leverage Ratio, Consolidated Fixed Charge Coverage Ratio, Consolidated Secured Leverage Ratio or Consolidated Total Net Leverage Ratio, prior to amounts under any other category). For purposes of determining compliance at any time with Sections 10.01 and 10.04, in the event that any Lien or Indebtedness meets the criteria of more than one of the categories of transactions or items permitted pursuant to any clause of such Sections 10.01 and 10.04, Lead Borrower, in its sole discretion, may, from time to time, classify or reclassify such transaction or item (or portion thereof) and will only be required to include the amount and type of such transaction (or portion thereof) in any one category. Reclassifications of any utilization of the Incremental Amount shall occur automatically to the extent set forth in the definition thereof.

  • Reclassification, Reorganization and Consolidation In case of any reclassification, capital reorganization, or change in the Common Stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 6(a) above), then, as a condition of such reclassification, reorganization, or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holder of this Warrant, so that the holder of this Warrant shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization, or change by a holder of the same number of Shares as were purchasable by the holder of this Warrant immediately prior to such reclassification, reorganization, or change. In any such case appropriate provisions shall be made with respect to the rights and interest of the holder of this Warrant so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price per share payable hereunder, provided the aggregate purchase price shall remain the same.

  • Reclassification, etc If the Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid principal portion thereof and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock immediately prior to such reclassification or other change.

  • Reclassification, Consolidation, Merger, etc In case of any reclassification or change of the outstanding shares of Common Stock (other than a change in par value to no par value, or from no par value to par value, or as a result of a subdivision or combination), or in the case of any consolidation of the Company with, or merger of the Company into, another corporation (other than a consolidation or merger in which the Company is the surviving corporation and which does not result in any reclassification or change of the outstanding shares of Common Stock, except a change as a result of a subdivision or combination of such shares or a change in par value, as aforesaid), or in the case of a sale or conveyance to another corporation of the property of the Company as an entirety, the Holders shall thereafter have the right to purchase the kind and number of shares of stock and other securities and property receivable upon such reclassification, change, consolidation, merger, sale or conveyance as if the Holders were the owners of the shares of Common Stock underlying the Warrants immediately prior to any such events at a price equal to the product of (x) the number of shares issuable upon exercise of the Warrants and (y) the Exercise Price in effect immediately prior to the record date for such reclassification, change, consolidation, merger, sale or conveyance as if such Holders had exercised the Warrants.

  • Reclassification of Position An employee shall not have her salary reduced by reason of a change in the classification of her position that is caused other than by the employee herself.