Same Seniority Clause Samples
The "Same Seniority" clause establishes that certain parties, typically creditors or lenders, will have equal ranking or priority in relation to claims on specific assets or repayment obligations. In practice, this means that if multiple lenders are involved, none will have preferential treatment over the others regarding repayment; all will be treated equally in the event of default or liquidation. This clause is essential for ensuring fairness among parties of the same class and prevents disputes over priority, thereby providing clarity and predictability in the allocation of recoveries.
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Same Seniority. When two (2) or more employees have the same seniority and when mutual agreement cannot be reached, then seniority shall be determined by hours worked, then by alphabetical order using last names, then by alphabetical order using first names, and then finally by a flip of a coin.
Same Seniority. When two (2) or more employees have the same seniority and when mutual agreement cannot be reached, then seniority shall be determined by chance.
Same Seniority. When two (2) or more employees have the same seniority and when mutual agreement cannot be reached, then seniority shall be determined by chance.
13.1 Definition of a Layoff
Same Seniority. 10 In the event that two (2) persons have the same seniority, then the 11 date of employment with the County shall be used to determine the 12 order of layoff with the latest employees laid off first. If a tie still exists 13 after reviewing the dates of employment, the Department Head shall 14 determine the order of layoff.