Separation Provision Sample Clauses

A Separation Provision outlines the terms and procedures for parties to end their relationship or agreement. Typically, it specifies the conditions under which separation can occur, the notice required, and the responsibilities of each party upon separation, such as the return of property or final payments. This clause ensures that both parties understand their rights and obligations if the agreement is terminated, thereby reducing uncertainty and potential disputes during the separation process.
Separation Provision. An Officer whose job has been made redundant as identified under the Redundant Job Schedule, and who has chosen not to accept any of the options — 1.(b)(i), 1.(b)(ii) or 1.(b)(iii) as listed above, would be eligible. This would also apply to any Officer who is realigned pursuant to 1.(b)(i).
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Separation Provision. An Officer whose job has been made redundant as identified under the Redundant Job Schedule, and who has chosen not to accept any of the options or as listed above, would be eligible. This would also apply to any Officer who is realigned pursuant to The separation allowance shall consist of three (3) weeks of basic pay (twenty-one days at the calendar rate) for each year of cumulative compensated service" to a maximum of seventy-five per cent the Officer could earn at this basic rate prior to age sixty-five (65). A pro rated payment will be made for a part year. This enhanced allowance for separation due to redundant jobs replaces the severance provisions of Article in the current Collective Agreement. *Cumulative Compensated Service shall be defined as:
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Separation Provision. An Officer whose job has been made redundant as identified under the Redundant Job Schedule and who has chosen not to accept any of the options: or as listed above would be eligible. This would also apply to any Officer who is realigned pursuant to
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Separation Provision. An Officer whose job has been made redundant as identified under the Redundant Job and who has chosen not to accept any of the options: or as above be This to any Officer who is pursuant to The separation consist of: Three (3) weeks of basic pay (21) days at the rate) for each year of compensated service* to a maximum of seventy-five percent (75%)the Officer could earn at this basic rate prior to age sixty-five. A payment will be made for a part year. This enhanced allowance for separation due to redundant jobs replaces the severance provisions of Article in the current Collective Agreement. *Cumulative Compensated Service shall be defined as: (a) One month of cumulative service is equal to days with the Company. Twelve (12) of these months shall constitute one (1)year of cumulative compensated service (time on Long Term Disability is
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Related to Separation Provision

  • Transition Provisions Any person engaged as an apprentice at the date this award commenced operation shall be deemed to be an apprentice for all purposes of this award until the completion or cancellation of their apprenticeship contract.

  • Termination Provisions In this Agreement:

  • Other Termination Provisions 1. We may deliver any notice instead of mailing it. Proof of mailing of any notice shall be sufficient proof of notice. 2. If this policy is cancelled, you may be entitled to a premium refund. If so, we will send you the refund. The premium refund, if any, will be computed according to our manuals. However, making or offering to make the refund is not a condition of cancellation. 3. The effective date of cancellation stated in the notice shall become the end of the policy period.

  • Arbitration Provision Any and all Arbitrable Disputes (except to the extent injunctive relief is sought) shall be resolved through the use of binding arbitration using, in the case of an Arbitrable Dispute involving a dispute of an amount equal to or greater than $1,000,000 or non-monetary relief, three arbitrators, and in the case of an Arbitrable Dispute involving a dispute of an amount less than $1,000,000, one arbitrator, in each case in accordance with the Commercial Arbitration Rules of the American Arbitration Association, as supplemented to the extent necessary to determine any procedural appeal questions by the Federal Arbitration Act (Title 9 of the United States Code). If there is any inconsistency between this Article 26 and the Commercial Arbitration Rules or the Federal Arbitration Act, the terms of this Article 26 will control the rights and obligations of the Parties. Arbitration must be initiated within the time limits set forth in this Agreement, or if no such limits apply, then within a reasonable time or the time period allowed by the applicable statute of limitations. Arbitration may be initiated by a Party (“Claimant”) serving written notice on the other Party (“Respondent”) that Claimant elects to refer the Arbitrable Dispute to binding arbitration. Claimant’s notice initiating binding arbitration must identify the arbitrator Claimant has appointed. Respondent shall respond to Claimant within thirty (30) days after receipt of Claimant’s notice, identifying the arbitrator Respondent has appointed. If Respondent fails for any reason to name an arbitrator within the 30-day period, Claimant shall petition the American Arbitration Association for appointment of an arbitrator for Respondent’s account. The two arbitrators so chosen shall select a third arbitrator within thirty (30) days after the second arbitrator has been appointed, and, in the of an Arbitrable Dispute involving a dispute of an amount less than $1,000,000, such third arbitrator shall act as the sole arbitrator, and the sole role of the first two arbitrators shall be to appoint such third arbitrator. Claimant will pay the compensation and expenses of the arbitrator named by or for it, and Respondent will pay the compensation and expenses of the arbitrator named by or for it. The costs of petitioning for the appointment of an arbitrator, if any, shall be paid by Respondent. Claimant and Respondent will each pay one-half of the compensation and expenses of the third arbitrator. All arbitrators must (a) be neutral parties who have never been officers, directors or employees of the Operator, the Company or any of their Affiliates and (b) have not less than seven (7) years’ experience in the energy industry. The hearing will be conducted in the State of Delaware or the Philadelphia Metropolitan area and commence within thirty (30) days after the selection of the third arbitrator. The Company, the Operator and the arbitrators shall proceed diligently and in good faith in order that the award may be made as promptly as possible. Except as provided in the Federal Arbitration Act, the decision of the arbitrators will be binding on and non-appealable by the Parties hereto. The arbitrators shall have no right to grant or award Special Damages. Notwithstanding anything herein the contrary, the Company may not dispute any amounts with respect to an invoice delivered in accordance with Section 3.8 that the Company has not objected to within one hundred twenty (120) days of receipt thereof. No Event of Default shall occur if the subject matter underlying such potential Event of Default is the subject matter of any dispute that is pending resolution or arbitration under this Article 26 until such time that such dispute is resolved in accordance with this Article 26.

  • Restrictive Covenant Agreement The Company’s obligations under this Agreement, including the Company’s agreement to provide severance and to allow Employee to participate in the other compensation programs as provided on Schedule A, is conditioned on Employee signing a Restrictive Covenant Agreement in the form of Schedule B (the “Restrictive Covenant Agreement”).