Transition Leave of Absence Sample Clauses

Transition Leave of Absence. A transition leave of absence may be granted to employees voluntarily or involuntarily separating from the Company under a surplus. An employee is eligible for this option if s/he is within one (1) year of actual age and/or service requirements for retirement-related benefits as of the Company specified separation date. The minimum combination for age/service requirements for eligibility is as follows: any age and net credit service of 29 years; 49 and net service credit of 24 years; 54 and net service credit of 19 years; or 64 and net service credit of 9 years. The service and age attained during this option count only towards eligibility for retirement-related benefits, and not for computing a pension benefit amount. This option shall not exceed one year from the date that the leave commences, but will end on the earliest of the date that: 1) the employee is rehired with the Company, (2) the employee attains required age and/or service to become eligible for retirement-related benefits, or 3) the employee dies. If 1 or 3 occurs, pension and retirement-related benefit entitlements will be those to which the employee was eligible as of the day before the effective date of the transition leave of absence.
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Related to Transition Leave of Absence

  • Union Leave of Absence An employee on an unpaid Union leave of absence shall have her wages, benefits and seniority continued by the Employer, and the Union agrees to reimburse the Employer for the costs of such wages and benefits. Employees requesting leave under this article will provide the Employer with as much advance notice as possible of the dates of the leave. Where there are less than fifteen (15) regular employees at a workstation at the time the leave request is submitted, and subject to operational requirements, unpaid Union leave of absence will be granted to one employee for the purpose of conducting Union business. This would be an additional person on Union leave at worksites where the position of the Union President or Council member has been backfilled for the duration of their term of office. A leave of absence without pay shall be granted to an employee who is a member of the Union and who is:

  • LEAVE OF ABSENCE With respect to the Award, the Company may, in its sole discretion, determine that if you are on leave of absence for any reason you will be considered to still be in the employ of, or providing services for, the Company, provided that rights to the Restricted Shares during a leave of absence will be limited to the extent to which those rights were earned or vested when the leave of absence began.

  • Leave of Absences A leave of absence, subject to the College’s discretion may be granted for a minimum of one term’s absence. All requests for a planned leave of absence from the College, for one term or more, must be submitted in writing to the relevant Head of School for approval at least one full term in advance of the commencement of the leave. The request must include the proposed dates of absence and the reason for the absence. The request can be granted only where all Tuition Fees and Charges and any other amounts owing to the College at the time of the request have been paid in full. For an approved leave of absence, 30% of the applicable Tuition Fees will be charged in advance as a holding fee to guarantee re-entry. This is non-refundable and not offset against future Tuition Fees. In addition to the holding fee, the notebook payout fee will be charged to your Family Account. During a leave of absence, the Student will be provided with a broad outline of the curriculum. A leave of absence will not be considered, nor will Tuition Fees or Charges be refunded where schoolwork is still provided, assessed and supervised and/or reports submitted. On a Student’s final day prior to commencing a leave of absence, any College issued device must be returned to the Centre for Computing and Communications (CCC). Should the parent(s) elect to retain the device throughout the leave of absence period, approval must be granted by the Principal. Upon approval, the full payout fee for the device will be charged.

  • Disability Leave of Absence 1. A member incurring any disability not duty connected, after he has exhausted all of his paid leave to which he is entitled, will be entitled to a leave without pay for a period not to exceed six (6) months, subject to the following provisions:

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