Reduction Order. In the event that a reduction of 280G Amounts is being made in accordance with Section 8.15.1, the reduction will occur, with respect to the 280G Amounts considered parachute payments within the meaning of Section 280G of the Code, in the following order:
Reduction Order. Reductions in the classified service shall be in the following order:
Reduction Order. If it becomes necessary to reduce the teaching staff, the Superintendent shall release teachers in the following order:
Reduction Order. A. Reductions shall be made through attrition to the extent possible.
Reduction Order. 47 If it becomes necessary to reduce the teaching staff as the result of significantly decreased 48 enrollment, the Board shall suspend the contract in accord with Kentucky Revised Statutes 49 161.800. 50 51 161.800 SUSPENSION OF CONTRACTS ON REDUCING NUMBER OF TEACHERS 52 When by reason of decreased enrollment of pupils, or by reason of suspension of schools or 53 territorial changes affecting the District, a Board of Education decides that it will be necessary 54 to reduce the number of teachers, it shall have full authority to make reasonable reduction. 55 But, in making such reduction, the Board shall proceed to suspend contracts in accordance 56 with the recommendation of the Superintendent of schools who shall, within each teaching 57 field affected, give preference to teachers on continuing contracts and to teachers who have 1 greater seniority. Teachers whose continuing contracts are suspended shall have the right of 2 restoration in continuing service status in the order of seniority of service in the district if and 3 when teaching positions become vacant or are created for which any of such teachers are or
Reduction Order. In the event that a reduction of 280G Amounts is being made in accordance with this Section C, the reduction will occur, with respect to the 280G Amounts considered parachute payments within the meaning of Section 280G of the Code, in the following order: (a) reduction of cash payments in reverse chronological order (that is, the cash payment owed on the latest date following the occurrence of the event triggering the excise tax will be the first cash payment to be reduced); (b) cancellation of equity awards that were granted “contingent on a change in ownership or control” within the meaning of Code Section 280G in the reverse order of date of grant of the awards (that is, the most recently granted equity awards will be cancelled first); (c) reduction of the accelerated vesting of equity awards in the reverse order of date of grant of the awards (that is, the vesting of the most recently granted equity awards will be cancelled first); and (d) reduction of employee benefits in reverse chronological order (that is, the benefit owed on the latest date following the occurrence of the event triggering the excise tax will be the first benefit to be reduced). In no event will you have any discretion with respect to the ordering of payments.
