REQUIREMENTS OF OPERATIONS Clause Samples

The "Requirements of Operations" clause defines the standards and procedures that must be followed during the execution of a contract or project. It typically outlines specific operational protocols, safety measures, and compliance obligations that the parties must adhere to while performing their duties. For example, it may require adherence to industry regulations, use of approved materials, or maintenance of certain performance levels. This clause ensures that all operational activities meet agreed-upon criteria, thereby minimizing misunderstandings and promoting consistent, high-quality outcomes.
REQUIREMENTS OF OPERATIONS. The Business Unit may retain, by seniority, sufficient employees in each occupational classification to meet the requirements of the operations.
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REQUIREMENTS OF OPERATIONS. The Business Unit may retain, by seniority, sufficient empIoyees in each occupationaI cIassification to meet the requirements of the operations.
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REQUIREMENTS OF OPERATIONS. The Business Unit may retain, by seniority, sufficient employees .in each occupational classification to meet the requirements of the operations. APPLICATION OF OCCUPATIONAL CLASSIFICATION Where there are surplus employees in more than one Occupation, the bumping process will begin with the highest job class and will proceed in order from highest job class to lowest job class. APPLICATION OF SENIORITY Where there are two or more surplus employees in an Occupation, they shall be arranged in seniority order and the surplus employee with the most seniority starts bumping first. When a senior employee bumps into an Occupation he will bump the junior employee in that Occupation, regardless of the location of that employee's Operation.
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Related to REQUIREMENTS OF OPERATIONS

  • Statement of Operations Statement of Changes in Net Assets.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • CONTINUITY OF OPERATIONS Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • Hours of Operation You can access automated account information through the Service 7 days a week, 24 hours a day. There may be times, however, when all or part of the Service is unavailable due to system outages or maintenance. We assume no responsibility for any damage or delay that may result from such unavailability.