Definitions re Certain Classification Changes Clause Samples
The "Definitions re Certain Classification Changes" clause establishes specific meanings for terms related to changes in how certain items, roles, or entities are categorized within the agreement. It typically outlines what constitutes a classification change, such as a shift in job titles, product categories, or regulatory statuses, and clarifies which changes are covered by the agreement. By providing clear definitions, this clause ensures all parties have a mutual understanding of key terms, reducing ambiguity and preventing disputes over the interpretation of classification changes during the contract's execution.
Definitions re Certain Classification Changes. (1) A classification change involving a change in title or salary due to a change in duties and responsibilities shall be termed a "reclassification";
(2) A classification change involving only a revision in salary without a change in duties or responsibilities shall be termed "a salary adjustment";
(3) A classification change involving only a change in title shall be termed a "class title change".
