Transfer of Position Sample Clauses

The Transfer of Position clause defines the conditions under which a party may assign or transfer its rights, obligations, or interests under the agreement to another entity. Typically, this clause outlines whether such transfers require prior written consent from the other party, and may specify exceptions, such as transfers to affiliates or in connection with a merger or sale of business. Its core practical function is to control and clarify the circumstances under which contractual positions can change hands, thereby protecting both parties from unwanted or unapproved changes in their contractual counterparties.
Transfer of Position. (a) The Joint Committee may, at the request of either party, recommend to the OC President requests for a lateral transfer or voluntary demotion to a vacant position, without the requirements to post the position, under the following circumstances: (1) On compassionate or medical grounds to employees who have completed their probationary period. (2) To employees who are incapacitated by reason of industrial injury or illness arising from their employment at OC. (3) To employees who become incapacitated through natural causes. (b) The jurisdiction of the Joint Committee is not limited to the initial placement under this provision and is retained by the Committee for subsequent placements.
Transfer of Position. In the event NAV CANADA moves a position from one location to another and if the employee is to be transferred to the new location, NAV CANADA shall provide the employee with a ninety (90) day notice and will consult with the Union to explain the reasons for the transfer.
Transfer of Position. The Employer agrees not to transfer Employee(s) beyond a reasonable commuting distance of twenty-two (22) miles unless agreed to by the Employee.
Transfer of Position. 16.1 The employee commits that in the event of termination of his employment, if he resigned or was terminated, if he receives notice or not, if he receives compensation or not, that he will hand over and return immediately all equipment, documents, letters, lists, reports and all other documents in his possession that relate to the Company or its business or that is affiliated to it that were in his possession during the period of his employment according to this agreement. 16.2 The employee also commits that upon termination of his employment for any reason at all, he will do everything necessary to hand over his responsibilities to whomever the Company assigns in an orderly fashion according to the procedures that are determined, properly and completely, so that his replacement can execute his job in an orderly fashion that will not cause harm to the Company.
Transfer of Position. The Employee undertakes that immediately upon termination of his employment in the Company, for any reason whatsoever, he will act as follows: 13.1 The Employee will deliver and/or will return to the Company all documents, diskettes, or any other magnetic media, letters, listings, reports and any other documents in his possession and connected to the business of the Company and so too all equipment and/or other property of the Company provided for him. Additionally, he undertakes to erase such information as may be present on a personal computer at his residence or owned by him. 13.2 The Employee shall transfer the documents and the matters in his care to whom the Company shall determine, in an orderly fashion and according to the procedures determined by the Company, in such a manner to enable a reasonable and suitable person, taking into account the position, to continue to carry out his position in an orderly fashion and without harm to the Company.
Transfer of Position. The Joint Committee may, at the request of either party, recommend to the President requests for a lateral transfer or voluntary demotion to a vacant position, without the requirements to post the position, under the following circumstances: On compassionate or medical grounds to employees who have completed their probationary period. To employees who are incapacitated by reason of industrial injury or illness arising from their employment at
Transfer of Position. A Signatory may transfer to any other Signatory its entire package of claims and liabilities with respect to the Company (referred to as its “Entire Position”). A Signatory may not transfer parts of its Entire Position, for example transactions under Financial Contacts that are master agreements (each such part referred to as a “Position”). It is also not permitted to transfer any Positions whatsoever to a Non-Signatory, unless that Non-Signatory becomes a Signatory (i.e., its Accession Date falls) before the transfer is effective. If that is the case, it must have transferred its Entire Position. Once a transfer is effective, a transferring Signatory will no longer be a party to the Agreement. Instead, the relevant transferee will step into its shoes. Both transferor and transferee must notify the Company of a transfer, giving sufficient details. Where a Signatory has previously had some Positions transferred to it, those Positions will be grouped according to the person from whom they were transferred. With regard to each such group of Positions (and any original set of Positions that a Signatory may have had, which were not transferred to it), the Signatory shall be treated as if it were a separate party to the Agreement; its claims and liabilities, calculations and determinations will be made in respect of each group separately. It will not be allowed to aggregate rights or liabilities from different groups; nor will it be able to set off (by Appropriation or otherwise) assets and liabilities from different groups against each other; only when they derive from the same transferee group. This applies with regard to Financial Contracts (and associated Close-Out Amounts) as well as in relation to Assets. All Positions, regardless as to how they were acquired by a Signatory, may, however, be Appropriated in reduction of Costs Amount, Ascertained Non-Financial Contract Liabilities, Limited Ascertained Non-Financial Contract Liabilities, and Unfunded Retention Amounts.
Transfer of Position. A. Before new personnel are hired, a written notice describing the position (including salary, classification and the location of the job) shall be posted for a period of five (5) working days on the general bulletin board of each school. A secondary vacancy which occurs as a result of any transfer will be posted for two (2) working days in the same manner as described above. B. Transfer of employees, in accordance with the Civil Service Law, shall be subject to the approval of the immediate supervisor. C. In the event that two or more employees apply for a position, the District will be required to give due weight to seniority in determining which employee shall be transferred, but the final decision shall rest with the Superintendent. In the event that an employee seeking a transfer is denied such transfer, that employee, if she so requests, will be given the reasons for the denial by her immediate supervisor. D. When any transfer is approved or new personnel hired, the President of the Association shall be notified in writing, within five (5) working days as to the effective date of the transfer or employment, name of transferee or new employee, her salary step, classification and location of the job. E. An individual being hired into our unit from any of the other units in the District will be hired at the starting salary for the position being hired. Their accumulated sick leave and bank will automatically be carried forward.

Related to Transfer of Position

  • Transfer of Units (i) Except as expressly provided in this Agreement, a Member may not sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of any of such Member's Units or any interest therein (a "Transfer") (except for a Transfer by Internet World to any Person or by any Member to a Permitted Transferee) without the written consent of the Board, which consent may be withheld for any reason. The Company shall not register any Transfer of a Member's Units or any interest therein, and any such Transfer or registration of Transfer shall be null and void, without the written consent of the Board. An assignee who has not been admitted as a Member shall be entitled only to allocations and distributions with respect to such interest in accordance with this Agreement, and shall have no right to any information or, to the fullest extent permitted by law, accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company and shall not have any of the rights of a Member under the Act or this Agreement, but shall otherwise assume in writing prior to such Transfer, other than a pledge (in respect of which such compliance shall be required after sale or foreclosure), all obligations of the assignor hereunder as if such assignee were the assignor; no such assignment shall be valid unless the assumption of obligations described in this sentence has been executed. Neither a Transfer of Units nor the admission of the Transferee thereof as a Member shall discharge the transferor from any obligation hereunder. (ii) The restrictions contained in this SECTION 2.6(a) shall not apply with respect to any Transfer of Units or any part thereof by any Member (a) among its Affiliates, (b) to any lender to whom a Member's Units or any part thereof are assigned or pledged pursuant to a loan agreement, (c) to any Member's spouse or children or to a trust or the trustee or 8 68 trustees of a trust directly or indirectly for the benefit of the Member's spouse, children or a charitable organization, (d) to the Member's executors, administrator, testamentary trustee, legatees or beneficiaries upon the Member's death, or (e) by gift (all such transferees shall be collectively referred to as the "Permitted Transferees"); PROVIDED, that the Permitted Transferee shall execute a counterpart of this Agreement; and PROVIDED, FURTHER that the restrictions contained in this Agreement shall continue to apply to the Units after such Transfer by reference to the original Member; and PROVIDED, FURTHER, that the transferor shall remain liable for all of its obligations under this Agreement that survive.

  • Transfer of Ownership Trust..........................................................

  • Transfer of Agreement Without prior written consent of the WFOE, the Existing Shareholders or the Domestic Company may not assign its rights and obligations hereunder to any third party.

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.