Financial Emergency. Reduction in force may result from a State Board for Community and Technical Colleges Declaration of Financial Emergency pursuant to Laws of 0000, Xx. 13, Paragraph 1 under the following conditions: • Reduction of allotments by the Governor pursuant to RCW 43.88.110(2),or • Reduction by the Legislature from one biennium to the next or within a biennium of appropriated funds based on constant dollars using the implicit price deflator.
Financial Emergency. Reductions Not Covered by the Exigency Policy
Financial Emergency. Position(s) eliminated because the District was financially unable to support it (them). (See Article VIII, Section Two).
Financial Emergency. 10.1 It is understood and agreed to by the Parties that contract negotiations may take place during an asserted and/or verified Financial Emergency by mutual consent of the Association and the Employer. The Parties agree that if the term of this Collective Agreement ends during an asserted or verified Financial Emergency, the provisions of this Collective Agreement shall remain in force until the end of such emergency, or until the Parties agree by mutual consent to undertake contract negotiations. In the event that consecutive Financial Emergencies are declared, the provisions of this contract shall remain in force until such time as a verified Financial Emergency has passed and no further assertions of Financial Emergency are made as provided for in Clause 10 above, or until the Association and Employer agree by mutual consent to undertake contract negotiations.
Financial Emergency. 1. A state of Financial Emergency occurs when the Financial Commission referred to in this Article determines that substantial and recurring financial deficits or losses, determined or projected by generally accepted accounting principles, will persist for more than two (2) years and will threaten the continued functioning of the University.
Financial Emergency. 8. The Financial Commission shall meet to consider the possible Financial Emergency as specified in the President's formal notice and whether to confirm or deny that a Financial Emergency exists.
Financial Emergency. In the event of a double levy failure, the District’s determination of a financial emergency requiring a “reduction in force”, or the District’s unreserved fund balance falls below two and one-half percent (2 1/2%), the District and the Association agree to meet for the purposes of negotiating a reduction or freeze of salaries for any retained employees and or a reduction to other financial obligations contained in this agreement. The District retains the right to reduce or eliminate any position based upon enrollment declines, or one of the financial emergencies described above. The District will make every reasonable effort to make such reductions prior to the start of a season. The District has the right to make all decisions regarding which positions are reduced and who will be retained in the positions that remain based on their sole discretion of what is in the best interest of the program.
Financial Emergency. 8.5 If the Financial Commission determines that a Financial Emergency exists, its report shall specify the amount of annual reduction required in the budgetary allocation to salaries and benefits of Members over the period of Financial Emergency. The Employer may reduce the budgetary allocation for salaries and benefits of Members by laying off Members, but such reduction shall not exceed the amount of the reduction specified by the Financial Commission.
Financial Emergency. 5.02 The authority of any party described in Article 5 to delegate responsibilities under this Article includes the authority to revoke those delegated responsibilities and to exercise those responsibilities directly. The revocation of a delegated responsibility does not nullify decisions, orders, directions or recommendations made at the time the delegation or responsibilities remained in effect.
Financial Emergency. General
