Alternate Employment definition

Alternate Employment means a position commensurate with Consultant's principal skills and the stature of his current employment and at a level of compensation not less than that last paid Consultant by the Institution.

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Alternate Employment means any and all income or compensation earned or received under a contract of service, self-employment, and/or contract for service from which the employee earns eighty percent (80%) of his or her pre-termination wages.

Alternate Employment means full-time employment, part-time employment or self-employment or the providing of consulting services of any kind and in any capacity, directly or indirectly, to any third party (but does not include Board roles, or the management of personal passive investments);

Examples of Alternate Employment in a sentence

It shall be the responsibility of the Department to request that the Human Resources Department place the employee in the Alternate Employment Program (AEP) whenever an employee reaches MMI or within ninety (90) days of the expiration of the applicable one (1) or two (2)-year time frame, whichever comes first.
Company shall have the right to request evidence that Executive has used good faith efforts to obtain Reasonable Alternate Employment and has not been successful in obtaining the same and/or that Executive has not received Alternate Compensation.
If Company has provided to Executive any “outplacement” or other employment assistance in order to facilitate him finding alternative employment, Executive hereby irrevocably authorizes any such party to respond directly to Company with information on Executive’s efforts to obtain Reasonable Alternate Employment.
If Executive secures other employment or becomes self-employed during the Severance Period, the Company's obligations under this Section 4.2 shall be reduced by the earnings from such employment or self-employment received by Executive; or, if Executive secures Alternate Employment (as defined in Section 5.3) during the Severance Period, the Company's obligations under this Section 4.2 shall terminate in their entirety.
For compassionate reasons, a part-time employee’s member may resume full-time duties subject to successful application through the Company’s Alternate Employment Committee.
In the event that Employee secures Alternate Employment with a total annual compensation of at least two hundred thousand dollars subsequent to July 1, 2003, the monthly payments provided for herein shall cease immediately, at that time.
No Loan Party has incurred any liability or obligation under the Worker Adjustment and Retraining Act or similar state, provincial or foreign Law except for liabilities or obligations that could not reasonably be expected to have a Material Adverse Effect.
An employee who has suffered an on-duty injury and either reaches MMI or has reached the applicable time limitation as referenced in Section 4 of this article, whichever is sooner, will have the option to receive a non-disciplinary separation, apply for a disability pension if eligible, and/or be placed into the Alternate Employment Program (AEP) in an effort to find another position within the City which is compatible with the employee’s limitations.
In the event that Employee secures Alternate Employment with a total annual compensation of at least two hundred thousand dollars prior to July 1, 2003, the monthly payments provided for herein shall not commence, and the Company shall be under no obligation to make such payments.
The Executive shall be required to use Reasonable Efforts to obtain Alternate Employment.

More Definitions of Alternate Employment

Alternate Employment means any position offered by the City for which the Participant is qualified or for which the City is willing to assume the costs for the retraining and rehabilitation necessary to enable the Participant to qualify, if the City, in its sole judgment, determines that such employment is appropriate under the circumstances and the City agrees

Alternate Employment means (x) employment that provides the Executive with base salary at a rate not less than 75% of the Executive’s base salary rate at the time of termination or (y) a consulting arrangement that continues for five (5) consecutive weeks and exceeds 30 hours per week. “Reasonable Efforts” means, among other things, that the Executive attends all counseling and/or training sessions recommended by the designated outplacement service group, maintains weekly contact with the outplacement service group and maintains discussions with the outplacement service group regarding all offers of alternate employment made to the Executive. The payments and benefits set forth in Section 3(c)(ii) and 3(c)(iv) are contingent on the Executive’s execution, delivery and non-revocation of the Release as provided for in Section 3(g). Payments pursuant to Section 3(c)(iv) shall commence on the 60th day following the Executive’s date of termination of employment and (B) within 15 business days following this payment commencement date, salary continuation payments relating to the first 60 days shall be paid in a lump sum. Notwithstanding the foregoing, if, and only to the extent required to avoid the imputation of any tax, penalty or interest pursuant to Section 409A of the Code, the aggregate payments pursuant to Section 3(c)(iv) shall be reduced to the amount that is one dollar less than the maximum amount payable pursuant to a “separation pay plan” for separation pay due to involuntary separation from service as set forth in Section 409A of the Code and the regulations promulgated thereunder (the “Performance Severance Payment Limit”). Liz shall, in its sole discretion, determine if the amounts payable pursuant to Section 3(c)(iv) are in excess of the Performance Severance Payment Limit. In determining the aggregate payments pursuant to Section 3(c)(iv) subject to reduction, such amount shall be determined prior to giving effect to any deductions relating to the Executive’s portion of the premiums applicable to the Benefits Continuation. The Executive shall have no rights to receive any payments in excess of the Performance Severance Payment Limit.