Revert Back Clause Samples
The 'Revert Back' clause establishes the conditions under which rights, property, or obligations previously transferred or assigned under an agreement are returned to the original party. In practice, this clause may apply if certain conditions are not met, such as failure to complete payment, breach of contract, or expiration of a license, resulting in the automatic or requested return of assets or rights. Its core function is to protect the original owner by ensuring that, if the agreement is not fully performed or is terminated, they regain control or ownership, thereby minimizing risk and clarifying the consequences of non-fulfillment.
Revert Back. An employee who transfers to another location in the same classification pursuant to Article 15.09 shall not be required to serve a trial period, but may revert back to his/her former position within ten (10) working days of the transfer.
Revert Back. During the twelve (12) month probationary period, the member shall have the opportunity to revert back to his former classification without prejudice. If the member should fail his/her probationary period, they shall be reverted back no lower than their former classification. In the event the member decides to revert back to his former classification, he will be placed back on the eligibility list from which he was promoted in his original position. If the member has failed his probationary period, he will be eliminated from the list.