Notice of Layoff The Employer shall notify an employee who is to be laid off at least fourteen (14) calendar days prior to the effective date of the layoff or provide payment for their scheduled days of work during the fourteen (14) day notice period.
Notice of Lay-off All regular employees shall be given in writing the following notice of lay-off or salary in lieu of notice:
a) Two (2) weeks' notice where the employee has been employed less than three (3) years.
b) After the completion of a period of employment of three (3) consecutive years, one
(1) additional weeks’ notice, and for each subsequent completed year of employment, an additional week's notice up to a maximum of eight (8) weeks' notice.
c) In the event of office closure, Article 14.04(b) will apply. (This shall not apply to temporary job sites.) The period of notice shall not coincide with an employee's annual vacation.
Notification of Layoff A bargaining unit member to be laid off shall be notified, in writing, at least fifteen (15) work days prior to the effective date of layoff, except that when emergency funding situations exist, this notification period can be shortened. The notification shall include:
1. reasons for the layoff
2. effective date of the layoff
3. seniority list of bargaining unit members
4. list of vacancies 5. bumping rights as identified in 18.7 & 18.8
State of Texas Franchise Tax By signature hereon, Vendor hereby certifies that Vendor is not currently delinquent in the payment of any franchise taxes owed to the State of Texas under Chapter 171 of the Texas Tax Code.
Waiver of Stay, Extension or Usury Laws The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.
