Reversion Sample Clauses

Reversion. Reversion is defined as voluntary or involuntary movement of an employee during the trial service period to the class in which the employee most recently held permanent status, or movement to a class in the same or lower salary range. Upon reversion, the base salary the employee was receiving prior to promotion will be reinstated.

Reversion. Employees who do not successfully complete a trial service period and revert to the class in which the employee most recently held a position, or move to a classification in the same series with a lower salary range, will receive the base salary they received prior to their promotion.

Reversion. Any distribution under the Plan that is an Unclaimed Distribution for a period of six months after distribution shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code and such Unclaimed Distribution shall revest in the applicable Reorganized Debtor and, to the extent such Unclaimed Distribution is New Seadrill Common Shares, shall be deemed cancelled. Upon such revesting, the Claim or Interest of any holder or its successors with respect to such property shall be cancelled, discharged, and forever barred notwithstanding any applicable federal or state escheat, abandoned, or unclaimed property laws, or any provisions in any document governing the distribution that is an Unclaimed Distribution, to the contrary.

Reversion. Section 12.2 of the Operating Agreement provides that if a Member is dissolved or loses its status as a qualified charitable organization, the undivided portion of the Net Asset Value of the Fund attributable to such Member’s then outstanding Units shall become the property of the Manager, or its successor, subject to all applicable laws. With the prior written approval of the Manager, such Member may recommend transfer of those Net Assets to another Unitarian Universalist organization.

Reversion. An employee whose transfer, change of status or change of classification has been accepted by the employee as per Article 12.04.02, will not be eligible to withdraw, unless mutually acceptable to the Company and the Union, at the Headquarters level.

Reversion. If the Settlement Date has not occurred within five Business Days following the M&A Closing Event (the “Settlement Deadline”), the amendments effected by Section 2.1 to Section 2.13 shall be deemed null and void as if they had not occurred and, accordingly, any non-compliance that may have occurred on or after the date of this Twelfth Supplemental Indenture and prior to the Settlement Deadline may be the basis for declaring an Event of Default with respect to the 2033 Notes as if this Twelfth Supplemental Indenture had not been executed.

Reversion. Upon any failure by all Decree Parties to continue this Agreement, and any revisions to this Agreement, in accordance with Section 20, operations shall revert to those provided in DRBC Docket D-77-20 CP (Revised).

Reversion. 28.2.1 The employee shall be returned to their former position under the following circumstances: a) If the employee proves unsatisfactory in a position during the trial period, or b) If the employee determines they are unable to perform the duties of the new position, and c) the former position has not been offered to another person on a continuing basis. 28.2.2 If the position has been offered to another person on a continuing basis, or the position is not available, the OOS Manager shall make every reasonable effort to reassign the employee to a position in which they are qualified and capable of performing. 28.2.3 When the University has initiated the reversion under Article 28.2.1 and is unable to effect a reassignment which is mutually agreeable under Article 28.2.2, the employee may have their employment terminated upon notice in accordance with Article 45, or three (3) months of notice, whichever is greater, or payment of salary in lieu of notice, or a combination thereof. 28.2.4 Where the employee has initiated the reversion and the University is unable to effect a reassignment which is mutually agreeable, the employee may choose to continue in their current position or have their employment terminated with three

Reversion. Within ten (10) workdays after assuming the position, the employee or the Employer may request to return the employee to his/her former position. If the former position does not exist, the employee may be placed in the next available vacancy in the same classification for which the employee is qualified. Requests made after ten (10) workdays, up to sixty (60) calendar days, will be determined on a case-by-case basis by the Assistant Superintendent for Human Resources and Legal Services.