Unit Merger Sample Clauses

Unit Merger. In the event of a merger of two (2) or more units into a single unit, the Employer will determine the number of full-time and part-time FTEs by shift required for the new unit. A listing of the FTEs for each shift on the new unit, including qualification requirements, shall be posted on the unit(s) for at least seven (7) days. Other vacant positions within the Hospital will also be posted on the unit(s) at that time. By the end of the posting period, each nurse shall have submitted to the Employer a written list that identifies and ranks the nurse’s preferences for all available positions (first to last), including the option to select a position from the Low Seniority Roster if no new unit position is acceptable. Based upon these preference lists, the Employer will fill the positions on the new unit based upon seniority subject to skill, competence, and ability in the opinion of the Employer. Nurses who are not selected to fill a position in the new unit, and nurses who have not found an acceptable position in the new unit, may bump any less senior nurse on the Low Seniority Roster, providing the nurse is qualified for the position in the opinion of the Employer.
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Unit Merger. Restructure it shall be within the authority of the Labor-Management Committee to review and recommend appropriate practices for conducting unit mergers and/or restructures for the purpose of promoting “best practices” in the transition process and to promote quality patient care and services. This can include a retrospective review of unit mergers and restructures for the purpose of evaluating practices utilized during unit mergers and restructures that have already occurred. The Committee may make recommendations to the Union and to Human Resources regarding practices it believes can better effectuate unit mergers and restructures in the future.
Sample 1
Unit Merger. In the event that the Employer decides to implement a reorganization and formally merge Hospital units (ER, OR, Med-Surg or OB), it shall identify the available positions in the new Hospital unit. The Employer shall post the job openings for the new unit under the procedures of Section 12.4; however, posting and consideration shall be limited to nurses from the units to be merged. Any nurse who is identified as excess at the conclusion of this job selection process, will receive notice of a layoff situation, and may "bump" on a Hospital-wide basis through the procedures of Section 13.2.2(2).
Sample 1
Unit Merger. In the event of a merger of two (2) or more units into a single unit the Employer will determine the number of full-time and part-time FTEs by shift required for the new unit. A listing of the FTEs for each shift on the new unit, including qualification requirements, shall be posted on the unit(s) for at least seven (7) days. A listing of any available vacant position within the Hospital and the Low Seniority Roster (Section 6.3) will be posted on the unit for at least seven (7) days. By the end of the posting period, each nurse shall have submitted to the Employer a written list which identifies and ranks the nurse’s preferences for all available positions (first to last), including the option to select a position from the Low Seniority Roster (Section 6.3) if no new unit position is acceptable. Based upon these preference lists, the Employer will fill the positions on the new unit based upon seniority subject to skill, competence, ability in the opinion of the Employer. Nurses who are not selected to fill a position in the new unit, and nurses who have not found an acceptable position in the new unit, may select a position from the Low Seniority Roster (Section 6.3), providing the nurse is qualified for the position in the opinion of the Employer.
Sample 1
Unit Merger. In the event of a merger of two (2) or more units into a single unit on a permanent basis, the Hospital will determine the number of full-time and part-time FTEs by shift required for the new unit, including any qualification requirements. The Hospital will notify the Union in advance of FTEs being posted. At the request of either party, a meeting shall take place to discuss the effects, if any, of a unit merger. A listing of the FTEs for each shift on the new unit shall be posted on the unit(s) for at least seven (7) days. Other vacant positions within the Hospital will also be posted on the unit(s) at that time. By the end of the posting period, each nurse shall have submitted to the Hospital a written list which identifies and ranks the nurse’s preferences for all available positions (first to last). Based upon these preference lists, the Hospital will assign nurses to positions on the new unit based upon seniority, providing the new unit’s patient care requirements are satisfied as determined by the Hospital, based upon established criteria. Nurses who are not assigned a position on the new or restructured unit will be laid off or may select from the options set forth in Section 5.3. In the event the new unit has the identical positions on each shift as prior to the merger, nurses will continue in their respective positions without recourse to the seven (7) day posting procedures.‌
Sample 1

Related to Unit Merger

  • The Merger Upon the terms and subject to the conditions of this Agreement and in accordance with the DGCL, at the Effective Time (as defined below), Merger Sub shall be merged with and into the Company. As a result of the Merger, the separate corporate existence of Merger Sub shall cease and the Company shall continue as the surviving corporation of the Merger (the “Surviving Corporation”).

  • Second Merger At the Second Effective Time, by virtue of the Second Merger and without any action on the part of the Surviving Corporation or Parent or the holders of any securities of the Surviving Corporation or Parent, each share of common stock, par value $0.001 per share, of the Surviving Corporation issued and outstanding immediately prior to the Second Effective Time shall no longer be outstanding and shall automatically be canceled and shall cease to exist without any consideration being payable therefor.

  • Share Exchange Each of the Shareholders desires to transfer to, and the Acquiror desires to acquire from each Shareholder, that number of Shares set out beside the respective names of the Shareholders in Exhibit B for the consideration and on the terms set forth in this Agreement. The aggregate consideration for the Shares acquired by the Acquiror pursuant to this Agreement will be 20,000,000 shares of the Acquiror's Common Stock to be issued on a pro rata basis among the Shareholders based on the percentage of the Shares owned by such Shareholder as set forth in Exhibit B.

  • The Mergers Upon the terms and subject to the conditions set forth in this Agreement:

  • Effective Time of the Merger At the Effective Time of the Merger, NEWCO shall be merged with and into the COMPANY in accordance with the Articles of Merger, the separate existence of NEWCO shall cease, the COMPANY shall be the surviving party in the Merger and the COMPANY is sometimes hereinafter referred to as the Surviving Corporation. The Merger will be effected in a single transaction.

  • The Merger Closing Upon the terms and subject to the conditions of this Agreement, the closing (the "Closing") of the Merger shall take place at 10:00 A.M., on the third business day after the fulfillment of the conditions specified in Sections 6.02 and 7.02 hereof, at the offices of Squadron, Ellenoff, Plesent & Xxxxxxxxx LLP, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at such other time, date and place as may be agreed upon in writing by Parent and MGI. The date on which the Closing shall take place is referred to as the "Closing Date" and the time on the Closing Date when the Closing shall take place is referred to as the "Closing Time," MGI, Parent and Acquisition shall use their respective best efforts to cause the Merger to be consummated at the earliest practicable time after consummation of the Offer.

  • Effective Time of Merger This Merger Agreement, or a Certificate of Ownership and Merger setting forth the information required by, and otherwise in compliance with, Section 253 of the General Corporation Law of the State of Delaware with respect to the Merger, shall be delivered for filing with the Secretary of State of the State of Delaware. This Merger Agreement, or Articles of Merger setting forth the information required by, and otherwise in compliance with, Article 5.16 of the Texas Business Corporation Act with respect to the Merger, shall be delivered for filing with the Secretary of State of the State of Texas. The Merger shall become effective upon the later of (i) the day and at the time the Secretary of State of the State of Delaware files such Certificate of Ownership and Merger, and (ii) the day and at the time the Secretary of State of the State of Texas files such Articles of Merger (the time of such effectiveness is herein called the "Effective Time"). Notwithstanding the foregoing, by action of its Board of Directors, either of NewSub2 or AssetCo may terminate this Merger Agreement at any time prior to the filing of the Certificate of Ownership and Merger with respect to the Merger with Secretary of State of the State of Delaware and the Articles of Merger with respect to the Merger with Secretary of State of the State of Texas.

  • Adjustment for Merger or Reorganization, etc Subject to the provisions of Subsection 3.3, if there shall occur any reorganization, recapitalization, reclassification, consolidation or merger involving the Corporation in which the Common Stock (but not the Preferred Stock) is converted into or exchanged for securities, cash or other property (other than a transaction covered by Subsections 5.4, 5.6 or 5.7), then, following any such reorganization, recapitalization, reclassification, consolidation or merger, each share of Preferred Stock not so converted shall thereafter be convertible in lieu of the Common Stock into which it was convertible prior to such event into the kind and amount of securities, cash or other property which a holder of the number of shares of Common Stock of the Corporation issuable upon conversion of one share of such Preferred Stock immediately prior to such reorganization, recapitalization, reclassification, consolidation or merger would have been entitled to receive pursuant to such transaction; and, in such case, appropriate adjustment (as determined in good faith by the Board) shall be made in the application of the provisions in this Section 5 with respect to the rights and interests thereafter of the holders of Preferred Stock, to the end that the provisions set forth in this Section 5 (including provisions with respect to changes in and other adjustments of the applicable Conversion Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any securities or other property thereafter deliverable upon the conversion of such Preferred Stock.

  • Consummation of Merger The parties hereto expressly acknowledge that the consummation of the transactions hereunder is subject to consummation of the Merger. Nothing herein shall be construed to require Seller to consummate the Merger or take steps in furtherance thereof.

  • Consummation of the Merger As soon as practicable after the Closing, the parties hereto shall cause the Merger to be consummated by filing with the Secretary of State of the State of Delaware a certificate of merger or other appropriate documents (in any such case, the “Certificate of Merger”) in such form as required by, and executed in accordance with, the relevant provisions of the DGCL and shall make all other filings or recordings required under the DGCL. The Merger shall become effective at such time as the Certificate of Merger is duly filed with such Secretary of State, or at such later time as Parent and the Company shall agree and specify in the Certificate of Merger (the time and date the Merger becomes effective being the “Effective Time” and “Effective Date,” respectively).

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