VPS 1 Classification Clause Samples
The VPS 1 Classification clause defines the specific category or class assigned to a vessel under a recognized classification society. This clause typically outlines the standards the vessel must meet to maintain its classification, such as structural integrity, safety equipment, and operational capabilities. By clearly specifying the vessel's classification, the clause ensures that all parties understand the vessel's compliance with industry standards, thereby reducing the risk of disputes regarding its condition or suitability for intended operations.
VPS 1 Classification. (a) The parties agree that the VPS 1 classification will become a training grade. Employees classified as VPS 1 when the Agreement commences operation will transition to VPS 2 effective from that date.
(b) The parties agree to review the Grade 1 classification descriptors within six months of the Agreement being approved by FWC to ensure that the classification standards are appropriate for a training grade.
VPS 1 Classification. The Parties agree that the Grade 1 classification will commence at the Grade 1.5 as at 4 May 2009, with existing Employees in salary points Grade 1.1 to 1.4 translating to the former Grade 1.5 salary point, based on the salary received immediately prior to 1 July 2009, with the 2% salary increase applying to their new rate on 1 July 2009.