RELATIVELY EQUAL Clause Samples

The 'Relatively Equal' clause establishes that certain terms, obligations, or benefits within an agreement are to be distributed or applied in a manner that is proportionally fair among the parties involved. In practice, this might mean that costs, profits, or responsibilities are shared based on a predetermined ratio, such as each party's level of participation or investment. The core function of this clause is to ensure equitable treatment and prevent disputes by clarifying how resources or duties are allocated, thereby promoting fairness and transparency in the contractual relationship.
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RELATIVELY EQUAL. In cases of promotion, or lateral transfer, to classifications in the bargaining unit, where two or more applicants are relatively equal in terms of the skill, aptitude, qualifications and job efficiency that relate to the position, the senior employee shall be entitled to the position. It is understood that in the assessment of relative equality between applicants, the Corporation shall show a demonstrable difference between the successful applicant and the senior applicant if the senior applicant is unsuccessful.
RELATIVELY EQUAL. During the interview assessment phase of recruitment; seniority will prevail if the candidates have a point spread difference of 8% or less.
RELATIVELY EQUAL. For the term of this Schedule H, the Employer will consider employees who receive consensus scores of within eight percent (8%) of one another as relatively equal under Clause 13.1 of the Collective Agreement.

Related to RELATIVELY EQUAL

  • Economic Benefit The Bank shall determine the economic benefit attributable to the Executive based on the life insurance premium factor for the Executive’s age multiplied by the aggregate death benefit payable to the Beneficiary. The “life insurance premium factor” is the minimum factor applicable under guidance published pursuant to Treasury Reg. § 1.61-22(d)(3)(ii) or any subsequent authority.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Lump Sum Payment If an individual JOC Task Order is scheduled for Completion within forty-five (45) days or less, the County will make one payment after thirty (30) days of Work to the Contractor, exclusive of retention. Contractor may request for one payment (including retention payment); however, payment will be made after Final Acceptance of the JOC Task Order.

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20