Markets Management Clause Samples
The Markets Management clause defines the procedures and responsibilities for overseeing and operating the relevant markets within the scope of the agreement. It typically outlines which party is responsible for managing market activities, such as trading, compliance with market rules, and reporting obligations. For example, it may specify how market disruptions are handled or who must ensure adherence to regulatory requirements. The core function of this clause is to allocate operational duties and risks related to market participation, ensuring efficient and compliant market operations.
Markets Management. The parties hereby acknowledge that employees in the Markets Management Section are subject to different scheduling practices due to the service requirements and may be scheduled:
i) to work seven (7) hours per day. These hours shall be scheduled between the hours of 6 a.m. to 6 p.m. and 6 p.m. to 6 a.m.;
ii) to work thirty-five (35) hours per week;
iii) to receive two (2) days of rest per week or an average of two (2) days off per week on the condition that they receive Saturday and Sunday as their days of rest twice in each four (4) week cycle;
iv) If an employee is required to work in excess of two (2) weekends (Saturday and Sunday) within a four (4) week cycle, he/she shall be compensated at the rate of time and one-half (1 !) for each hour worked on Saturday and/or Sunday unless mutually agreed between the Employee and the employee.
i) At least twenty-four (24) hours time off shall be scheduled when a shift is changed, unless the employee agrees to shorter period of time. In the event the employee is required to work within the twenty- four (24) hour period, the employee shall be compensated by an additional three (3) hours pay in addition to her/his regular pay.
ii) Before any change is made to standard day or a different shift operation is considered, there will be prior notice and discussion with the Institute.
Markets Management. (1) Hours of Work and Schedule The parties hereby acknowledge that employees in the Markets Management Section are subject to different scheduling practices due to the service requirements and may be scheduled:
i) to work seven (7) hours per day. These hours shall be scheduled between the hours of 6 a.m. to 6 p.m. and 6 p.m. to 6 a.m.;
ii) to work thirty-five (35) hours per week;
iii) to receive two (2) days of rest per week or an average of two (2) days off per week on the condition that they receive Saturday and Sunday as their days of rest twice in each four (4) week cycle;
iv) If an employee is required to work in excess of two (2) weekends (Saturday and Sunday) within a four (4) week cycle, he/she shall be compensated at the rate of time and one-half (1 ½) for each hour worked on Saturday and/or Sunday unless mutually agreed between the Employee and the employee.