Transitional scheme Clause Samples

A transitional scheme clause outlines the procedures and rules that apply when moving from an old system, contract, or set of regulations to a new one. It typically specifies which provisions of the previous arrangement will continue to apply during the transition period, and may set out timelines, exceptions, or special conditions for existing obligations or rights. This clause ensures a smooth and orderly changeover, minimizing confusion and legal uncertainty as parties adjust to the new framework.
Transitional scheme. 16.1 The following transitional provisions apply in connection with the replacement of the agreement of 20 November 2009 with this agreement: a. Exceeded obligations for the period 2010 to 2012 may be transferred to the period 2013 and onwards. The transfer will be on the terms applying under the agreement of 20 November 2009, i.e. savings must be calculated according to the rules that applied when realisation of the savings was completed. b. Any under coverage by the end of 2012, which may account for no more than 35% of a single year's saving obligation under the agreement of 20 November 2009, will be transferred to the subsequent agreement period. Realisation of unmet saving obligations for the 2010-2012 period, will be on the terms for including savings in calculations applying under this agreement. c. Exceeded obligations may only be transferred to the extent that the savings have been calculated and reported to the Danish Energy Agency to meet the savings target in 2010-2012, pursuant to the rules that applied at the time of realisation. Savings that have not been reported for the period 2010 to 2012 may not be transferred. d. Any exceeded obligations at the end of 2015 may be transferred to the subsequent period according to similar rules. Under coverage at the end of 2015 must be transferred similarly to the subsequent period.
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Transitional scheme. The Optional Pay Account shall be put into force as follows: The Optional Pay Account shall be established with effect from 1 May 2007. The enterprise shall seek to provide the administrative conditions to establish the Optional Pay Account for individual employees as soon as possible. This shall be implemented by 2 January 2008. Before the Optional Pay Account is put into force, each employee shall notify the enterprise of the number of days off for holiday purposes not taken they want to be able to take at a later time during the holiday year and how many of those they decline and want to replace by a payment into the Optional Pay Account, cf. item 2(a) above. Similarly, they shall notify the enterprise of their choice regarding additional regular payment of pension contributions, cf. item (b) above. During the period from 1 May 2007 until the account is put into force, the enterprise shall pay on When the account is put into force, the following adjustments shall be made:
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Transitional scheme. 1. When opting for the transitional scheme under article 5 no more collective adjustments of the fixed salary will take place. With effect from the date of the collective salary adjustment as referred to in article 5.4 of the CAO the variable salary percentage will be increased by at least the percentage referred to in article 5.4 of the CAO. 2. When opting for the transitional scheme no more individual increases of the fixed salary will take place. The percentage of the individual salary increase that employees would have been awarded subject to their annual performance assessment and the salary scale within grade according to the salary guideline, will be added to the variable salary percentage with effect from April 1 of the calendar year. 3. The exclusion of the CAO articles referred to in article 5 paragraph 2, as well as the transitional scheme referred to in paragraphs 1 and 2 of this article, will only apply as long as the nominal variable salary component does not amount to 43%. From the moment the employee’s nominal variable salary component amounts to 43%, the provisions laid down in article 5 paragraph 2 of the applicable CAO will once again apply in full.
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Transitional scheme. If the employee has accrued extra holiday entitlement as of 1 May 2020, the employee may choose, by means of written notification before 1 June 2020 to the enterprise, to convert one or more of the extra holiday days in the period 1 May 2020 to 31 August 2021 to a deposit in the free-choice account rather than taking them as holiday. For extra holiday days for the period from 1 May 2020 to 31 August 2021, a total of 6.67 extra holiday days, applies that one extra holiday day can be converted to 0.375 per cent of the pay entitled to a holiday in the period from 1 May 2020 to 31 August 2021. If all 6.67 extra holiday days are converted to a deposit in the free-choice account, 2.5 per cent will thus be paid on an ongoing basis in the period from 1 May 2020 to 31 August 2021. Each year in May (from 2021), if the employee has accrued extra holiday entitlement as of 1 September, the employee may choose, by means of written notification to the enterprise, to convert one or more of the extra holiday days in the next holiday year to a deposit in the free-choice account rather than taking them as holiday. An extra holiday day can be converted into 0.5 per cent of the holiday entitlement pay. If all five extra holiday days are converted to a deposit in the free-choice account, 2.5 per cent will thus be paid on an ongoing basis within the holiday year. All savings deposits placed in the free-choice account include holiday pay as well as holiday allowance for the deposit even though they are paid as wages. Employees who are entitled to an occupational pension under the rules of the collective agreement when making their decision can inform the enterprise each year in May (from 2021) that all or part of the savings deposit to the free-choice account is to be paid into the pension scheme in the next holiday year (1 September – 31 August). In 2020 the choice must be made on 1 June at the latest and applies to the period from 1 May 2020 to 31 August 2021. The enterprise may set minimum limits for the deposit of monthly pension contributions of DKK 75. If the amount per month is less than this minimum contribution, the enterprise may decide to combine the contributions for two months. The deposit of extra pension contributions does not trigger an employer’s contribution for the deposit.
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Related to Transitional scheme

  • Transitional Services Upon cancellation, termination, or expiration of the Contract for any reason, the Contractor shall provide reasonable cooperation, assistance and Services, and shall assist the Department to facilitate the orderly transition of the work under the Contract to the Department and/or to an alternative contractor selected for the transition upon written notice to the Contractor at least thirty (30) business days prior to termination or cancellation, and subject to the terms and conditions set forth in the Contract.

  • Transitional Period At the end of the transitional period as defined in Article 10(2) of the Directive, Jersey shall cease to apply the retention tax and revenue sharing provided for in this Agreement and shall apply in respect of the other contracting party the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive. If during the transitional period Jersey elects to apply the automatic exchange o information provisions in the same manner as is provided for in Chapter II of the Directive, it shall no longe apply the withholding/retention tax and the revenue sharing provided for in Article 9 of this Agreement.

  • Transitional Arrangements 1. Subject to the provisions of paragraphs 2, 3 and 4, no Member shall be obliged to apply the provisions of this Agreement before the expiry of a general period of one year following the date of entry into force of the WTO Agreement. 2. A developing country Member is entitled to delay for a further period of four years the date of application, as defined in paragraph 1, of the provisions of this Agreement other than Articles 3, 4 and 5. 3. Any other Member which is in the process of transformation from a centrally-planned into a market, free-enterprise economy and which is undertaking structural reform of its intellectual property system and facing special problems in the preparation and implementation of intellectual property laws and regulations, may also benefit from a period of delay as foreseen in paragraph 2. 4. To the extent that a developing country Member is obliged by this Agreement to extend product patent protection to areas of technology not so protectable in its territory on the general date of application of this Agreement for that Member, as defined in paragraph 2, it may delay the application of the provisions on product patents of Section 5 of Part II to such areas of technology for an additional period of five years. 5. A Member availing itself of a transitional period under paragraphs 1, 2, 3 or 4 shall ensure that any changes in its laws, regulations and practice made during that period do not result in a lesser degree of consistency with the provisions of this Agreement.

  • Transitional Rule Notwithstanding the other requirements of this Section and subject to the requirements of Section 8.2, distribution on behalf of any Employee, including a five percent (5%) owner, may be made in accordance with all of the following requirements (regardless of when such distribution commences): (i) The distribution by the trust is one which would not have disqualified such trust under section 401(a)(9) of the Code as in effect prior to amendment by the Deficit Reduction Act of 1984. (ii) The distribution is in accordance with a method of distribution designated by the Employee whose interest in the trust is being distributed or, if the Employee is deceased, by a Beneficiary of such Employee. (iii) Such designation was in writing, was signed by the Employee or the Beneficiary, and was made before January 1, 1984. (iv) The Employee had accrued a benefit under the Plan as of December 31, 1983. (v) The method of distribution designated by the Employee or the Beneficiary specifies the time at which distribution will commence, the period over which distributions will be made, and in the case of any distribution upon the Employee's death, the Beneficiaries of the Employee listed in order of priority. A distribution upon death will not be covered by this transitional rule unless the information in the designation contains the required information described above with respect to the distributions to be made upon the death of the Employee. For any distribution which commences before January 1, 1984, but continues after December 31, 1983, the Employee, or the Beneficiary, to who such distribution is being made, will be presumed to have designated the method of distribution under which the distribution is being made if the method of distribution was specified in writing and the distribution satisfies the requirements in Subsections (i) through (v) above. If a designation is revoked, any subsequent distribution must satisfy the requirements of section 401(a)(9) of the Code and the regulations thereunder. If a designation is revoked subsequent to the date distributions are required to begin, the trust must distribute by the end of the calendar year following the calendar year in which the revocation occurs the total amount not yet distributed which would have been required to have been distributed to satisfy section 401(a)(9) of the Code and the regulations thereunder, but for the election under section 242(b)(2) of Pub. L. No. 97-248. For calendar years beginning after December 31, 1988, such distributions must meet the minimum distribution incidental benefit requirements in section 1.401(a)(9)-2 of the Income Tax Regulations. Any changes in the designation will be considered to be a revocation of the designation. However, the mere substitution or addition of another Beneficiary (one not named in the designation) under the designation will not be considered to be a revocation of the designation, so long as such substitution or addition does not alter the period over which distributions are to be made under the designation, directly or indirectly (for example, by altering the relevant measuring life). The rules of Q&A J-2 and J-3 of Income Tax Regulations section 1.401(a)(9)-1 shall apply to rollovers and transfers from one plan to another.

  • Transition Plan In the event of termination by the LHIN pursuant to this section, the LHIN and the HSP will develop a Transition Plan. The HSP agrees that it will take all actions, and provide all information, required by the LHIN to facilitate the transition of the HSP’s clients.