Conditions with Respect to Layoff Sample Clauses

Conditions with Respect to Layoff a) A layoff for the purpose of this Plan is any layoff resulting from a reduction in the workforce, or temporary layoff, or from the discontinuance of a plant or operation if the employee is not entitled to benefits under Article 6 of this Pension Plan and Severance Award Agreement dated February 20, 1971 or successor agreement, or a layoff occurring or continuing because the employee was unable to do the work offered by the Company although able to perform other work in the location to which he/she would have been entitled if he/she had sufficient seniority. Medically restricted employees awaiting suitable placement will be considered on layoff occurring in a reduction in the workforce. b) An employee's layoff for all or part of any week will be deemed qualifying for Plan purposes only if: (1) such layoff was from the Bargaining Unit; (2) such layoff was not for disciplinary reasons, and was not a consequence of: (i) any strike, slowdown, work stoppage, picketing (whether or not by employees), or concerted action at a Company plant or plants, or any dispute of any kind involving employees or other persons employed by the Company and represented by the Union whether at a company plant or plants or elsewhere; any war or hostile act of a foreign power (but not government regulation or controls connected therewith); (ii) sabotage or insurrection, or (iii) any act of God, provided however this subsection (iv) shall not apply to the first two weeks of layoff resulting from such cause; At the end of any legal strike by employees, the Company and the Union shall mutually agree as to the period of time necessary for normal start-up which shall be incorporated as part of any strike settlement memorandum. After such period of time an employee will not be disqualified for S.U.B. solely because of such strike. (3) with respect to such week the employee did not refuse to accept work when recalled pursuant to the Collective Labour Agreement and did not refuse an offer by the Company of other available work, which he/she had no option to refuse under the Collective Labour Agreement; provided, however, that where maintenance employees refuse production work it will not disqualify them under this subparagraph (3); (4) with respect to such week the employee was not eligible for and was not claiming: (i) any accident or sickness or any other disability benefit (except a Canada Pension Plan disability benefit to a medically restricted employee waiting suitable placement under...
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Conditions with Respect to Layoff. (a) A layoff for purposes of the Plan includes any reduction in force such as a temporary layoff or model change layoff, a layoff resulting from the discontinuance of a Plant or an operation, and any layoff occurring or continuing because the Employee was unable to do the work offered by the company although able to perform other work in the Plant
Conditions with Respect to Layoff. (a) A layoff for the purposes of this Plan includes any layoff resulting from a reduction in force or temporary layoff, or from the discontinuance of a Plant or operation, or a layoff occurring or continuing because the Employee was unable to do the work offered by the Company although able to perform other work in the Plant to which the Employee would have been entitled if the Employee had had sufficient Seniority. (b) An Employee’s layoff for all or part of any Week will be deemed qualifying for Plan purposes only if: (1) such layoff was from the Bargaining Unit; (2) such layoff was not for disciplinary reasons, and was not a consequence of: (i) any strike, slowdown, work stoppage, picketing (whether or not by Employees), or concerted action, at a Company Plant or Plants, or any dispute of any kind involving Employees or other persons employed by the Company and represented by the Union whether at a Company Plant or Plants or elsewhere, (ii) any fault attributable to the Employee, (iii) any war or hostile act of a foreign power (but not government regulation or controls connected therewith), (iv) sabotage (including but not limited to arson) or insurrection, or (v) any act of God; provided, however, this subsection (v) shall not apply to any Short Work Week or to the first 2 consecutive full Weeks of layoff for which a Regular Benefit is payable in any period of layoff resulting from such cause;

Related to Conditions with Respect to Layoff

  • Transactions with Insiders So long as the Note is outstanding, the Company shall not, and shall cause each of its subsidiaries not to, enter into, amend, modify or supplement, or permit any subsidiary to enter into, amend, modify or supplement any agreement, transaction, commitment, or arrangement relating to the sale, transfer or assignment of any of the Company’s tangible or intangible assets with any of its Insiders (as defined below)(or any persons who were Insiders at any time during the previous two (2) years), or any Affiliates (as defined below) thereof, or with any individual related by blood, marriage, or adoption to any such individual. Affiliate for purposes of this Section 9(r) means, with respect to any person or entity, another person or entity that, directly or indirectly, (i) has a ten percent (10%) or more equity interest in that person or entity, (ii) has ten percent (10%) or more common ownership with that person or entity, (iii) controls that person or entity, or (iv) shares common control with that person or entity. “Control” or “Controls” for purposes hereof means that a person or entity has the power, direct or indirect, to conduct or govern the policies of another person or entity. For purposes hereof, “Insiders” shall mean any officer, director or manager of the Company, including but not limited to the Company’s president, chief executive officer, chief financial officer and chief operations officer, and any of their affiliates or family members.

  • Nature of Lenders’ Obligations with Respect to Revolving Credit Loans Each Lender shall be obligated to participate in each request for Revolving Credit Loans pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests] in accordance with its Ratable Share. The aggregate of each Lender’s Revolving Credit Loans outstanding hereunder to the Borrower at any time shall never exceed its Revolving Credit Commitment minus its Ratable Share of the outstanding Swing Loans and Letter of Credit Obligations. The obligations of each Lender hereunder are several. The failure of any Lender to perform its obligations hereunder shall not affect the Obligations of the Borrower to any other party nor shall any other party be liable for the failure of such Lender to perform its obligations hereunder. The Lenders shall have no obligation to make Revolving Credit Loans hereunder on or after the Expiration Date.

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