Displacement Right. definition

Displacement Right.. The right of a classified employee, under certain conditions as specified in Article 18, Layoff, to displace an employee with less seniority in a classification.
Displacement Right. is the right of an Officer, under certain conditions as specified in Article 16, Layoff, to displace an Officer with less seniority in a classification.
Displacement Right. is the right of an employee, under certain conditions, to displace an employee with less seniority in a class.

Examples of Displacement Right. in a sentence

  • Displacement Right (Bumping): The right of a Classified employee, under certain conditions, to displace an employee with the least seniority in a classification.

  • PROJECT JUSTIFICATIONTo implement Section 25B, Housing Policy, and Section 53A, Tenant Displacement (Right of First Refusal), of the Montgomery County Code.


More Definitions of Displacement Right.

Displacement Right. means that an employee with seniority may displace another employee in the class or lower classes in which the employee has worked.
Displacement Right.. The right of a classified employee, under certain conditions as specified in Article 18, Layoff, to displace an employee with less seniority in a classification. “ District.” The El Camino Community College District. “ ECCE.” El Camino Classified Employees, Local 6142, CFT, AFT, AFL-CIO. “ Employee.” An employee hired to fill a position within the classifications represented by ECCE. (listed on Appendix “A”) “ Fiscal Year.” July 1 through June 30. “ Fiscal Year (Current).” July 1 - June 30 of the present fiscal year. “ Fiscal Year (Previous).” The year immediately preceding the current fiscal year. “ Harassment.” Repeated malicious annoyance, tormenting, teasing, pestering, or belittling in order to intentionally disrupt an employee‟s work environment. “ Hazardous Duty.” Any work assignment which has been so designated by the Director of Risk Management.

Related to Displacement Right.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option means a stock option granted pursuant to the Plan.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Transferable development right means a right to develop and use land that

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Adjustment Right means any right granted with respect to any securities issued in connection with, or with respect to, any issuance or sale (or deemed issuance or sale in accordance with Section 2) of shares of Common Stock (other than rights of the type described in Section 3 and 4 hereof) that could result in a decrease in the net consideration received by the Company in connection with, or with respect to, such securities (including, without limitation, any cash settlement rights, cash adjustment or other similar rights).

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Option 2 [_] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.