Ineligibility for Transfer Sample Clauses
The 'Ineligibility for Transfer' clause defines restrictions on a party’s ability to transfer their rights or obligations under an agreement to another party. Typically, this clause specifies that certain rights, interests, or responsibilities cannot be assigned or delegated, either absolutely or without prior written consent from the other party. For example, a contract might state that a party cannot sell or transfer their stake in a project to a third party without approval. The core function of this clause is to maintain control over who is involved in the agreement, thereby protecting the interests of the original parties and preventing unwanted or unapproved changes in contractual relationships.
Ineligibility for Transfer. At the discretion of management, an employee who was subject to discipline or denial of a merit step salary increase, reduction in pay, demotion or suspension within the previous twelve (12) months may not be eligible for transfer.