TERMINATION OF ALLOTMENT Sample Clauses
The 'Termination of Allotment' clause defines the conditions under which an allotment of shares or other interests can be ended or revoked. Typically, this clause outlines the specific events or breaches that may trigger termination, such as non-payment, regulatory issues, or failure to meet certain obligations. For example, if an investor fails to fulfill payment terms, the company may have the right to cancel their share allotment. The core function of this clause is to provide a clear mechanism for ending allotments, thereby protecting the interests of the company and ensuring that only qualified or compliant parties retain their allotted interests.
TERMINATION OF ALLOTMENT. The Employer shall terminate a unit member’s allotment.
a. as of the beginning of the first full pay period following receipt of notice that exclusive recognition has been withdrawn from the Union;
b. when this Agreement ceases to be applicable to the employee;
c. when the employee is suspended or expelled from membership in the Union. (The Union is responsible for providing written notification to the LMRS when this situation occurs.);
d. as of the beginning of the first full pay period following the next anniversary date of the member’s original allotment, following the Employer’s receipt of the member’s written revocation. An employee wishing to terminate a dues allotment under this provision must submit a written statement of the desire to do so to the LMRS. This written statement may be in a memorandum format or submitted on form SF- 1188, Cancellation of Payroll Deductions for Labor Organization Dues, which the employee may obtain from the LMRS. If an employee timely submits a revocation of dues allotment under this section but, through administrative error, the Employer fails to process the request by the appropriate anniversary date, the Employer will process the employee’s request as soon as the error is discovered.
TERMINATION OF ALLOTMENT.
a. The Union will notify the servicing payroll office in writing, within five (5) working days, when an employee with a current allotment ceases to be a member in good standing. The termination of the allotment will be effective the next regular pay period following receipt of the notice of termination in the servicing payroll office.
b. An allotment will be terminated when the employee leaves the bargaining unit, e.g., an employee becomes a supervisor over one or more subordinate employees. Employees have the responsibility to notify the ▇▇▇▇ when they leave the bargaining unit. It is agreed that neither the Union nor the Employer is responsible for reimbursement of dues that result from erroneous dues deduction. The Employer agrees to provide written notification to the Union that the allotment is being terminated and the reasons therefore.
c. The allotment for all Union members in the unit will be terminated when this Agreement is terminated or suspended by an appropriate authority outside Department of Defense, or when the Union loses recognition as accorded under 5 USC Section 7115(a).
TERMINATION OF ALLOTMENT. The Civilian Payroll Office will forward a copy of each termination request to the Union within five (5)
TERMINATION OF ALLOTMENT. Unit employees may terminate voluntary 42 allotment of UNION dues only as described in Section 7115 of the Act. Employees may 43 terminate their UNION dues allotment by submission of a Standard Form 1188 (or 44 facsimile) to the EMPLOYER (Payroll). Upon receipt, the EMPLOYER shall promptly 45 forward a copy of the SF 1188 to the UNION. Employees may withdraw from the UNION 46 any time after one full year of membership. 2 Article 5 - RIGHTS OF UNION 5 agrees to recognize the designated UNION Officers, the Chief ▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇ Representatives and a Safety Representative identified by the UNION. Area 7 Representatives will be the point of contact for employees and management in the 8 representative's designated area. If there is more than one representative within a given 9 area, the UNION shall designate one as the point of contact for all issues. Any UNION 10 representative may be designated to represent employee(s) from any part of the Unit(s). 11 12 0502. OFFICER/AREA REPRESENTATIVE IDENTIFICATION. The UNION shall 13 maintain a current list of UNION officers and representatives, which shall be posted on 14 the IFPTE Local 12 Intranet page. 15 16 0503. FULL TIME REPRESENTATIVES. The UNION may designate up to three 17 representatives for assignment to the UNION office. These representatives will be 18 granted official time for all hours of each regularly scheduled workday to be devoted 19 exclusively to work on Labor/Management Relations matters within the scope of this 20 agreement and the Act. The UNION shall supply to the EMPLOYER (HRO), in writing, the 21 names of the representatives, 10 days in advance of full time assignments. Before
TERMINATION OF ALLOTMENT. Unit employees may terminate voluntary 42 allotment of UNION dues only as described in Section 7115 of the Act. Employees may 43 terminate their UNION dues allotment by submission of a Standard Form 1188 (or 44 facsimile) to the EMPLOYER (Payroll). Upon receipt, the EMPLOYER shall promptly 45 forward a copy of the SF 1188 to the UNION. Employees may withdraw from the UNION 46 any time after one full year of membership.
TERMINATION OF ALLOTMENT. An allotment will be terminated when the employee leaves the bargaining unit. Employees have the responsibility to notify their supervisor and the NAF Human Resources Office when they leave the bargaining unit. It is agreed that neither the union nor the employer is responsible for reimbursement of dues that result from erroneous dues deduction. The employer agrees to provide written notification to the union that the allotment is being terminated and the reasons therefore.