Significant Change Sample Clauses
The Significant Change clause defines what constitutes a major alteration to the terms, scope, or conditions of an agreement. Typically, it outlines specific thresholds or criteria—such as changes in project deliverables, timelines, or costs—that trigger the need for formal review or renegotiation between the parties. This clause ensures that both parties are protected from unexpected or unilateral modifications, providing a clear process for addressing substantial changes and maintaining fairness and transparency in the contractual relationship.
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Significant Change. Since the Accounts Date, the Company and each other member of the Group has carried on its businesses in the ordinary and usual course, and there has been no material adverse effect or any development involving a prospective material adverse effect except as fairly disclosed in the Prospectus; and, since the Accounts Date, neither the Company nor any other member of the Group or any associate of the Company has, except as fairly disclosed in the Prospectus, entered into or assumed or incurred any contract, commitment, borrowing, indebtedness in the nature of borrowing, guarantee, liability (including contingent liability) or other obligation, or entered into any transactions not in the ordinary course of business in each case which could reasonably be expected to have a material adverse effect; and, except as described in the Schemes Document and/or the Prospectus, since the Accounts Date there has been no significant change in the financial or trading position of the Group. LETTER TO PLC SHAREHOLDERS
Significant Change. Reclassification is not a significant change. A reclassification occurs when minor changes are made to a job description which may include a job title change and/or the modification of a few duties and responsibilities. There is no right to decline the reclassified job unless there is a salary grade reduction. Should a job be significantly altered due to organizational or technological change, the employee will have two choices:
i. accept the changed job and be provided with retraining, or
ii. decline the changed job. If option (i) is chosen, the employee will be provided with training as described in Article 6.11 and trial period in Article 6.12. If option (ii) is chosen or where an employee removes themselves during the work trial or is removed by the Employer during the work trial, the employee will have redundancy rights under Article 6.06 and the option for Voluntary Exit, if applicable, as described below. Should significant change reduce the number of positions, incumbents in the same geographic location on the Voluntary Exit list will have their offers accepted in seniority order, up to the number of positions reduced. If there are still more incumbents than positions the incumbents in the order of most to least senior will have the option to accept or decline the changed position, then the remaining unplaced least senior employees shall have rights to accept Voluntary Exit or Redundancy under Article 6.06. Where a job is significantly changed the option for Voluntary Exit will apply as follows:
i. Voluntary Exit will be offered by the Employer when the job content has been modified resulting in a salary grade reduction or relocated to another geographic location or where the fundamental nature [core features] of the work is no longer similar.
ii. Voluntary Exit may be offered by the Employer when the job content has been modified or enhanced, where the salary grade remains the same or higher and the fundamental nature (core features) of the work is similar however, where the number of positions has been reduced the number of Voluntary Exit offers made available will be no less than the number of surplus positions.
Significant Change. “Significant Change” means a legislative, regulatory or other change that is or is likely to be materially adverse to LH’s business, assets, financial condition, prospects or results of operations, taken as a whole; provided that any potential future adverse event (or the results thereof) considered by the District’s System Board when it voted to approve the Conversion shall not constitute a Significant Change.
Significant Change. Should a job be significantly changed due to technological change, the Employer will provide the incumbents up to six (6) months' retraining. Additional training may, subsequent to consultation at the Committee, be provided. Should this technological change reduce the number of incumbents previously required, then the employees on a least employment seniority basis shall have the option of being returned to their respective immediate previous positions or being placed in other positions by the Employer. The Employer will provide up to six (6) months' training. Such employees will retain the current rate of pay and current wage range. In addition, these employees will receive future general increases and step increases in accordance with the Collective Agreement. Following training received in a new job, the Probation Article shall apply. In the event the affected employees cause displacement of other employees, the Employer will not be required to provide notice, maintenance of wages or other payments to the displaced employees. Any employee, whose current rate of pay and current wage range is being retained, as described in Article and shall continue to receive such wage retention provided she applies for all posted vacancies for which is qualified. The employee will have priority rights, for such posted vacancies, on an employment seniority basis. Priority rights shall be limited to all those vacancies, above the level at which she is being occupied, up to and including the level at which she previously occupied at the time of technological change. Such priority rights and employee obligation to apply for posted vacancies shall continue to be in effect until the employee regains the level from which she was originally displaced.
Significant Change. A significant change is defined as the termination of this Agreement or the closing of a Contractor site that is providing services req uired under this Agreement. The Contractor must notify GCBH and impacted Individuals sixty (60) calendar days prior to the closure of the Contractor site. This notification must occur prior to any public announcement of this change.
7.1.1 If a Contractor site closure occurs in less than sixty (60) calendar days, the Contractor must notify GCBH as soon possible and prior to a public announcement.
7.1.2 The Contractor must notify all impacted Individuals at least thirty (30) calendar days prior to the closure date.
7.1.3 The Contractor must notify the GCBH Contracts Coordinator of any other changes in capacity that results in the Contractor being unable to meet any of the time and distance standards as required in this Agreement. Events that affect capacity include: decrease in the number or frequency of a required service; employee strike or other work stoppage related to union activities; or any changes that result in the Contractor being unable to provide timely, Medically Necessary services.
7.1.4 If DS HS issues a stop placement of clients in a subcontracted treatment facility upon finding that a facility is not in substantial compliance with provisions of any WAC related to substance use disorder treatment, the Contractor must work with the treatment facility to GCBH Agreement No. 18516-00 transition care of any impacted Individuals.
Significant Change. It shall be a default under this Guaranty if at any time during the period this Guaranty is in effect Guarantor causes or allows to occur a Significant Change and the Significant Change is not reversed or voided and Guarantor fails to provide Substitute Security within thirty (30) days following Guarantor’s receipt of notice thereof from the Agency. “Significant Change” means (i) Guarantor files a petition for bankruptcy, or makes a general assignment for the benefit of its creditors, (ii) a receiver is appointed on account of Guarantor’s insolvency, (iii) a writ of execution or attachment or any similar process is issued or levied against any bank accounts of Guarantor, or against any property or assets of Guarantor being used or required for use in the development of the Infrastructure or against any substantial portion of any other property or assets of Guarantor, (iv) a final non-appealable judgment is entered against Developer in an amount in excess of Five Million Dollars ($5,000,000.00) and Guarantor does not satisfy or bond the judgment, or (v) without the consent of Guarantor, an application for relief is filed against Developer under any federal or state bankruptcy law, unless the application is dismissed within ninety (90) days.
Significant Change. In the event of:
Significant Change. Should a job be significantly changed due to technological change, the Employer will provide the incumbents up to six (6) months' retraining. Additional training may, subsequent to consultation at the Committee, be provided. Should this technological change reduce the number of incumbents previously required, then the employees on a least employment seniority basis shall have the option of being returned to their respective immediate previous positions or being placed in other positions by the Employer. The Employer will provide up to six
Significant Change. There has been no significant change in the PRC’s tax and budgetary systems, sovereign debt, foreign trade and balance of payments, foreign exchange reserves, financial position and resources and income and expenditure figures since 31 December 2023.
Significant Change. Where either the Employer or the Employee can substantiate that there has been significant change in the responsibilities of a position: * The Manager and the Employee holding the position will complete the Request for Review form * The Manager will forward the completed form to the Human Resources Department for auditing by the two auditors (one TIASA representative and one Management representative). * The auditors will make recommendation to a member of the Directorate who will reach an opinion on the matter.