Restoration of benefits upon reinstatement Sample Clauses

Restoration of benefits upon reinstatement. Upon reinstatement following a layoff an individual will have the following benefits restored: • Seniority at time of layoff for purposes of vacation accruals. • Return to the same salary step held at the time of layoff. If the employee returns to a lower paying classification than the classification from which laid off, and if the employee's previous salary level falls within the salary range for the new classification, the compensation shall be set at the salary step closest to, but not exceeding the level the employee had earned prior to the layoff. If the salary range for the new classification is less than the base salary level the employee had earned prior to the layoff, the employee shall be compensated at the top of the salary range for the new classification.
AutoNDA by SimpleDocs
Restoration of benefits upon reinstatement. When an employee is reinstated to employment after layoff, all his or her prior service shall be counted toward the calculation of leave accruals and seniority. Any unused sick leave which the employee had accrued at the time of layoff shall be restored. If an employee is reinstated to a position in which he or she was serving a probationary period at the time of layoff, all time on probation previously completed prior to layoff shall be counted toward determining when the probationary period ends.
Restoration of benefits upon reinstatement. Upon reinstatement following a layoff the employee shall return to the same salary step held at the time of the layoff.

Related to Restoration of benefits upon reinstatement

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Limitation of Benefits (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any benefit, payment or distribution by the Company to or for the benefit of the Executive (whether payable or distributable pursuant to the terms of this Agreement or otherwise) (a "Payment") would, if paid, be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the Payment shall be reduced to the extent necessary to avoid the imposition of the Excise Tax. The Executive may select the Payments to be limited or reduced.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates:

  • Payment of Benefits a) In computing the amount of disability benefits, disability will be considered as starting from the first day of disability; however, an employee must be certified by a medical practitioner for the disability within the first three days of disability. In the event that the employee is not certified within the first three days, disability will be considered as starting two complete days prior to the day that the employee is actually certified by a medical practitioner.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!