Displacement Options Clause Samples

Displacement Options. Once a displaced Employee has been notified by the Employer, the Employee shall indicate in writing his/her preferred option within two (2) working days (ie. Monday to Friday) from the following: (a) Voluntary Severance: Employees will be invited to complete the expression of interest forms. Where the Employer accepts the Employees expressed interest in severance, the Employee shall be deemed to have voluntarily severed employment and shall forfeit all rights under the Collective Agreement. This severance is not deemed to be a layoff. It is understood that voluntary severance shall not be offered where vacancies exist within the displaced Employee’s classification and work site. However; where the displaced Employee is within a classification group and the existing vacancy is within the classification group at the site, the Employer shall determine if a voluntary severance (ie.; TSP payment) is to become available to the displaced Employee. It is understood that voluntary severance may not be offered where vacancies exist within the displaced Employee’s classification group and work site; or (b) A Regular or Temporary Bargaining Unit Vacancy: (i) A displaced Employee may choose any existing vacancy within the classification or classification group within the work site or the Bargaining Unit for which the Employee meets the threshold requirement of the vacancy; or, (ii) In the event that the Employee does not choose the vacant position within the classification or classification group at the site but wishes to displace the position of the least senior Employee within the classification or classification group at the site (or at another site within 50 km. of the displaced Employee’s site) and provided that the least senior Employee can meet the threshold requirements of the vacant position, the originally displaced Employee shall occupy the position of the least senior Employee and the least senior Employee moves to the vacant position; or (iii) A displaced Employee may choose any existing vacancy within the work site or the Bargaining Unit for which the Employee meets the threshold requirements of the vacancy; or (c) Displace another Employee in accordance with Article 16.07 (b); or (d) Accept the Layoff and be Placed on the Recall List.
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Displacement Options. An employee who is subject to layoff may apply for a vacant position in accordance with Section 5.8. If she/he is not the least senior employee, subject to the determination of qualifications as set forth in Section 6.2 the employee may displace the least senior employee in the classification in the bargaining unit or may displace the least senior employee in a lesser-paid classification in the same classification series in the bargaining unit. Classification series are set forth in Appendix G.
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Displacement Options. If an employee(s) is not assigned a position on the new or restructured department or unit, the employee(s) may apply for a vacant position pursuant to Section 5.8, or, if not the least senior employee and subject to the determination of qualifications as set forth in Section 6.2, the employee may displace the least senior employee in the classification in the bargaining unit or may displace the least senior employee in a lesser-paid classification in the same classification series in the bargaining unit. If the employee takes none of these options, the employee shall be subject to immediate layoff and placement on the reinstatement roster (6.3).
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Displacement Options. ‌ A displaced employee shall have the following options:
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Displacement Options. An employee subject to layoff may apply for a vacant position pursuant to Article 6.7 – Job Openings, or, if not the least senior employee, the employee may displace the least senior employee in the classification in the bargaining unit or may displace the least senior employee in a less paid classification in the bargaining unit, providing skill, competency and ability are considered substantially equal in the opinion of the Employer. If the employee takes none of these option, the employee shall be subject to immediate layoff and placement on the reinstatement roster (article 7.3 –recall)
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Displacement Options. If an employee(s) is not assigned a position on the new or restructured department or unit, the employee(s) may apply for a vacant position pursuant
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Displacement Options. An employee who is subject to layoff may displace the least senior employee in that employee’s department provided that the employee subject to layoff can be trained for the job within six (6) weeks. If the employee cannot be trained for the job and/or the training is unsuccessful, the employee shall be laid off.
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Displacement Options. 1. As reflected in the PSC Order, MDNR and US Wind recognize that the level of displacement to existing commercial fishing resources in Maryland depends, in significant part, on US Wind’s development plan for an O&M Facility in the West Ocean City Harbor. 2. By agreement of the Parties and consistent with the directives of BOEM and PSC, US Wind will fund each of the Components of the Resilience Fund based on three possible options (each an “Option” and collectively the “Options”), to provide mitigation support based on the level of shoreside impacts that may result from the US Wind’s planned O&M Facility. 3. US Wind shall make a determination about which Option it shall elect based on its O&M Facility needs no later than July 1, 2026, except that US Wind may modify its election if construction funding, permitting or other circumstances make its election infeasible. The Parties agree that they will document the selected Option through a subsequent addendum to this MOU. 4. The agreed-upon funding levels and priorities for each Component based on the Option US Wind selects are set forth in Exhibit B, Resilience Fund Options (with funding table).
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Displacement Options. ‌ A displaced employee shall have the following options: Displaced employees shall be entitled to bid on any vacancies or new positions at the current worksite. The selection of the vacant position shall be in accordance with Clause 13.2 (Selection Criteria). Transfer to another worksite porting all seniority and related benefits to fill a vacancy that has not been filled by an employee at that worksite pursuant to Clause 15.1(b)(1) to (2) (Job Postings and Applications).
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Related to Displacement Options

  • Displacement Rights Regular classified employees in positions which have been eliminated or reduced in hours shall have the right to displace the least senior employee in their classification whose assignment most closely approximates their own hours per day and days per work year. If there is no least senior employee in the same classification employees may displace the least senior employee in the next lower classification in which they have served as either a probationary or permanent employee and have greater classification seniority than the least senior employees. In the event of an employee having the option of exercising their displacement rights, the following displacement procedure will clarify the language in 15.5 and be applied as the displacement procedure. The steps will be taken in numerical order. 15.5.1 An employee whose position is eliminated or reduced shall first be placed in a vacant position with an equal assignment in the same classification when compared with the employee’s current position. 15.5.2 If the previous option is unavailable, the employee shall be placed in a vacant position that has additional assigned time in the same classification when compared with the employee’s current position. 15.5.3 If the previous option is unavailable, the employee shall have the right to displace the least senior employee in the same classification whose assignment is equal in hours per day and days per work year. 15.5.4 If the previous option is unavailable, the employee shall have the right to displace the least senior of the less senior employees in their classification whose assignment most closely approximates the employee’s own hours per day and days per work year. This assignment may hold more hours or fewer hours than the employee’s current position. If there are two positions in option 4 above, whose hours equally approximate the employee’s current position, one with more hours and one with less, the employee will have the right to the position held by the least senior employee regardless of the number of hours of the position. 15.5.5 If the previous option results in the elimination of the employee’s current Health and Welfare benefits, as an alternative, the employee shall also have the option of bumping into an equal or lower classification, which they previously held as a classified employee, for the purpose of non-elimination of Health and Welfare benefits. The employee will repeat the sequence of options 1-4, outlined in this rule for equal or lower classification.

  • Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.

  • Payment Options  Paper Invoice - Supplier submits a paper invoice to the organisation as standard for each purchase order received.  Embedded Purchase Card - This payment option allows the supplier to charge the cost of the goods/services provided to a VISA/MasterCard electronic Purchasing Card (ePC) belonging to a Contracting Authority. The supplier shall receive payment from VISA/MasterCard therefore negating the need to provide an invoice to the Contracting Authority.  Consolidated Electronic Invoice - Supplier submits a single invoice covering multiple purchase orders in an electronic file.  Self-Billing - Once the Goods Received Note (GRN) has been entered on PECOS P2P, a payment instruction is automatically sent to the Contracting Authority’s finance system to make payment to the supplier for the goods/services received.  Electronic Invoices - Supplier submits an electronic invoice either directly to PECOS P2P/relevant system (cXML) and/or via the SG eInvoicing Solution, which can go again direct to PECOS P2P or a Contracting Authority’s finance system.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Layoff Options Affected employees who have completed their probationary period shall have the following options: