Business closing definition

Business closing means the permanent or temporary shutdown of a single site of employment of one or more facilities or operating units that will result in an employment loss for twenty-five or more employees, other than part-time employees.

Business closing means a permanent or temporary shut- down of an employment site or of one or more facilities or operat- ing units at an employment site or within a single municipality that affects 25 or more employees, not including new or low−hour employees.

Business closing has the meaning set forth in Section 10.1 of this Agreement.

Examples of Business closing in a sentence

• If insufficient space, attach information on a separate piece of paper.)Other changes in circumstances could include, but not limited to, illness, incapacity, intention to relocate your NEIS Business, closing your NEIS Business, resuming employment or study, change of Commonwealth benefit, change to the hours you are working in your business, change in controlling interest of your NEIS Business, or any other change in circumstances that may affect your entitlement to NEIS Assistance.

• The agent should fulfill the following criteria for Entry/Continuation into the Distinguished Club:Net Number of Lives: 40First Year Commission Paid: Rs.50, 000Revised Benefits: Sr.No. Other conditions of Distinguished Agents’ Club will remain unchanged.The agent/ member will be required to submit the claim of membership/continuation to any club on prescribed format as per proforma (Annexure IV) within 30 days of New Business closing.

• The bank finance variable (BANKFIN), defined as short-term debt to total assets, indicates the amount of bank loan finance obtained by the firm and the equity finance variable (EQFIN), defined as shareholders’ equities over total assets, measures the outstanding equity of the firm relative to its assets.

• Approval and adoption of each Business Plan of the Delivery Vehicle (and any material amendments/ variations thereto) Approval Recommendation Alteration of the Objectives or the nature/scope of the Business, closing down/commencing any business which is not ancillary or otherwise incidental to the Business of the Delivery Vehicle.

• Approval and adoption of each Business Plan of the Delivery Vehicle (and any amendments/ variations thereto) Approval Recommendation Alteration of the Objectives or the nature/scope of the Business, closing down/commencing any business which is not ancillary or otherwise incidental to the Business of the Delivery Vehicle.

More Definitions of Business closing

Business closing means the permanent or temporary shutdown of a

Business closing means a permanent or temporary shut- down of an employment site or of one or more facilities or operat-

Business closing means the permanent shutdown of a facility or operations, or the cessation of work or operations not scheduled to resume within 90 days. A temporary shutdown of a seasonal employer that does not extend beyond 20 weeks is not a business closing.

Business closing or "mass layoff" as defined in the Worker Adjustment and Retraining Act of 1986 (the "WARN Act") or any similar state, local or foreign law or regulation affecting any site of employment of the Company or one or more facilities or operating units within any site of employment or facility of the Company, and, during the 90-day period preceding the date hereof, no employee has suffered an "employment loss," with respect to the Company as defined in the WARN Act. Schedule 2.21 sets forth for each employee who has suffered such an "employment loss" (if any) during the 90-day period preceding the date hereof (i) the name of such employee (ii) the date of hire of such employee, (iii) such employee's regularly scheduled hours over the six month period prior to such "employment loss" and (iv) such employee's last job title(s), location, assignment(s) and department(s).