Reallocation definition

Reallocation means a reclassification resulting from significant changes over a period of time in the duties and responsibilities of a position.

Reallocation or "Position reallocation" means the process of reassigning an established position, occupied or vacant, from one job family to another.

Reallocation is a movement of an entire classification from one salary range or rate to another salary range or rate.

Examples of Reallocation in a sentence

• Reallocation will be on a pro rata basis whereby the eligible customer’s share balance will be divided by all eligible customers’ share balances and multiplied by the number of Company allocated shares.

• The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Group Finance Charge Collections Reallocation Account and the Group Principal Collections Reallocation Account and in all proceeds thereof.

• Pursuant to authority granted to it pursuant to Section 3.01(b) of the Pooling and Servicing Agreement, the Master Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Group Finance Charge Collections Reallocation Account and the Group Principal Collections Reallocation Account for the purpose of carrying out the duties of the Master Servicer hereunder.

• The Master Servicer at all times shall maintain accurate records reflecting each transaction in the Group Finance Charge Collections Reallocation Account and in the Group Principal Collections Reallocation Account.

• Reallocation is when a CoC shifts funds in whole or part from existing eligible renewal projects to create one or more new projects without decreasing the CoC’s ARD.

More Definitions of Reallocation

Reallocation means a change in the allocation of a position from one job to another.

Reallocation means the placement of a position in a different classification because its management has made a deliberate decision to assign to it a new body of duties that substantively changes its nature and scope.

Reallocation means a reassignment, or change in allocation of an individual position by raising it to a higher class, or moving it to another class on the same level, on the basis of significant changes in the kind, difficulty, or responsibility of the work performed in such position.

Reallocation has the meaning specified in Section 2.20(a).

Reallocation as defined in Section 2.1.8(a).

Reallocation. Defined in Section 4.01(a).

Reallocation means the correction of the classification of an existing position by placement of the position into the classification that is appropriate for the duties the employee has been and shall continue to perform;