Continuing Reductions Sample Clauses
The Continuing Reductions clause establishes a mechanism for ongoing decreases in certain obligations, quantities, or commitments over time. Typically, this clause applies to scenarios such as phased reductions in supply volumes, service levels, or financial commitments, often according to a predetermined schedule or upon the occurrence of specific events. Its core practical function is to provide a structured and predictable way to scale down responsibilities or exposures, thereby managing risk and allowing parties to adjust to changing circumstances without renegotiating the entire agreement.
Continuing Reductions. A continuing reduction of the regular work hours of an employee appointed at 75% time or more which continues longer than two (2) consecutive weeks shall be considered a layoff and the Layoff Procedure, Section 3, Bumping, Section 4, and Recall, Section 7, is applicable. A continuing reduction of the regular work hours of an employee appointed at less than 75% time which continues longer than three (3) consecutive pay periods shall be considered a layoff and the Layoff Procedure, Section 4, Bumping, Section 5, and Recall, Section 7, is applicable.