Underlying Principle Sample Clauses

Underlying Principle a. The Board and the Association agree that increased length of service in the employment of the Board entitles teachers to commensurate increase in the security of teaching employment.
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Underlying Principle. This Article applies only to employees on a continuing or probationary appointment. The Board and the Association agree that increased length of service in the employment of the Board entitles all employees covered by this agreement to a commensurate increase in security of employment. When the Board determines that it is necessary to terminate the appointment of any employee, the employees to be retained on the teaching staff of the District shall be those who have the greatest seniority, provided that they possess the necessary qualifications for the positions available.
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Underlying Principle. The senior-most employees who are qualified will be awarded the position for which they have bid. Therefore the process must begin and be completed by each employee in order of seniority until a successful candidate is identified. NOTE: Circumstances may require that the first part of the selection process (Candidate Reviews) may be done concurrent with more than one employee - they are to be independent of each other and the senior employee receives preference. There may be rare occasions when the second part (Practical Testing) may be done for more than one candidate at a time, with the same conditions. However, under no circumstances will the final part (Trial & Orientation) be performed by more than one candidate at a time.
Sample 1
Underlying Principle. The senior-most employees who are qualified will be awarded the position for which they have bid. Therefore the process must begin and be completed by each employee in order of seniority until a successful candidate or candidates is/are identified. Circumstances may require that the first part of the selection process (Candidate Reviews) may be done concurrent with more than one employee, but they are to be independent of each other and the senior employee(s) receive(s) preference. There may be rare occasions when the second part (Practical Testing) may be done for more than one candidate at a time, with the same conditions. However, the final part (Trial & Orientation) shall not be performed by more than one candidate at a time, unless there are multiple vacancies, when the corresponding number of candidates may be simultaneously assessed. 1. CANDIDATE REVIEW This initial screening of candidates will include: -Human Resources interview -review of the Human Resources file -establishment of required qualifications -Supervisor’s assessment of prior work performance The use of the Job Description will be used to define the essential duties required, and outline the desired experience
Sample 1

Related to Underlying Principle

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles:

  • Generally Accepted Accounting Principles Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be the recommendations at the relevant time of the Canadian Institute of Chartered Accountants, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with generally accepted accounting principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • GAAP Except as otherwise stated in this Agreement, all financial information provided to the Bank and all financial covenants will be made under generally accepted accounting principles, consistently applied.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

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