Seniority Forfeiture Sample Clauses

Seniority Forfeiture. All seniority rights shall be forfeited and employment shall be permanently severed for any of the following reasons:
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Seniority Forfeiture. Employees who were members of the bargaining unit, and who left the bargaining unit and employment with the Sheriff's Office, shall forfeit their seniority rights upon returning to the bargaining unit.
Seniority Forfeiture. Employees shall forfeit seniority if:
Seniority Forfeiture. Resignation or discharge with sufficient cause results in a full loss of seniority and all associated benefits. If the employee returns to the Authority’s employ, the employee will start with no prior seniority accumulated or any associat- ed benefits due to past years of service. This provision will not limit a Tri-partite arbitration panel’s authority addressed in Section 3(e). This provision will also not apply to an employee that returns directly to work after an OPERS dis- ability retirement. Such an employee will return with all prior accumulated seniority.
Seniority Forfeiture. Employees shall forfeit seniority for the following reasons:

Related to Seniority Forfeiture

  • Forfeiture Unless otherwise specified in the Vesting Agreement, upon the occurrence of any event specified in a Vesting Agreement as resulting in either the right of the Partnership or the General Partner to repurchase LTIP Units at a specified purchase price or some other forfeiture of any LTIP Units, then if the Partnership or the General Partner exercises such right to repurchase or forfeiture in accordance with the applicable Vesting Agreement, the relevant LTIP Units shall immediately, and without any further action, be treated as cancelled and no longer outstanding for any purpose. Unless otherwise specified in the Vesting Agreement, no consideration or other payment shall be due with respect to any LTIP Units that have been forfeited, other than any distributions declared with respect to a Partnership Record Date prior to the effective date of the forfeiture. In connection with any repurchase or forfeiture of LTIP Units, the balance of the portion of the Capital Account of the LTIP Unitholder that is attributable to all of his or her LTIP Units shall be reduced by the amount, if any, by which it exceeds the target balance contemplated by Section 5.01(g) hereof, calculated with respect to the LTIP Unitholder’s remaining LTIP Units, if any.

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