Employment Loss definition

Employment Loss means an employment termination, other than a discharge for cause, voluntary separation, or retirement; a layoff exceeding six months; or a reduction in hours of more than fifty percent of work of individual employees during each month of a six-month period. “Employment loss” does not include instances when a business closing or mass layoff is the result of the relocation or consolidation of part or all of the employer’s business and, before the business closing or mass layoff, the employer offers to transfer the employee to a different site of employment within a reasonable commuting distance with no more than a six-month break in employment.

Employment Loss means, with respect to any full-time employee, (i) an employment termination, other than a discharge for cause, voluntary departure or retirement, (ii) a layoff, (iii) a reduction in hours of work of more than fifty percent (50%) or (iv) any other event that, if aggregated with enough such other events, would trigger the notification requirements of the WARN Act.

Employment Loss means (i) an employment termination, other than a discharge for cause, voluntary departure or retirement, (ii) a layoff exceeding six (6) months or (iii) a reduction in hours of work of more than fifty percent (50%) in each month of any six (6) month period.

Examples of Employment Loss in a sentence

• Schedule 4.27 hereto lists the full name, job title, job -------- ------------- site and unit, date of Employment Loss, and type of Employment Loss of each Employee who has experienced an Employment Loss in the ninety (90) days preceding the date of this Agreement.

• The Sellers do not presently intend to take any action that would result in an Employment Loss by any Employee between the date of this Agreement and the Closing, and the Sellers shall assume any and all obligations and liabilities related to any terminations of employment through the Closing Date with respect to Employees.

• Five (5) Business Days prior to Closing, Sellers will deliver to Buyers a schedule that lists the full name, job title, job site and unit, date of Employment Loss, and type of Employment Loss (termination, layoff or reduction in work hours) of each Employee at any of the Facilities who has experienced an Employment Loss in the 90 days preceding the date of such schedule.

• Except as set forth in this Agreement, Target does not presently intend to take any action that would result in an Employment Loss by any employee of Target between the date of this Agreement and the Closing Date.

• Except as set forth in this Agreement, Transferor does not presently intend to take any action that would result in an Employment Loss by any employee of any of the Transferor Entities between the date of this Agreement and the Closing Date.

More Definitions of Employment Loss

Employment Loss for this purpose shall mean (a) an employment termination, other than a discharge for cause, voluntary departure, or retirement, (b) a layoff exceeding six (6) months or (c) a reduction in hours of work of more than fifty percent (50%), and “employee” shall mean any employee, including officers, managers and supervisors, but excluding employees who are employed for an average of fewer than 20 hours per week or who have been employed for fewer than six (6) of the preceding 12 months.

Employment Loss means “employment loss” as defined in the WARN Act.

Employment Loss has the meaning set forth in Section 9.1(a).

Employment Loss means an “employment loss” (within the meaning of the WARN Act), layoff, or other similar event that when aggregated with enough other such events would trigger the notice or damages provisions of the WARN Act.

Employment Loss means, with respect to any full-time employee, (i) an employment termination, other than a discharge for cause, voluntary departure or retirement,

Employment Loss means: (a) An employment termination, other

Employment Loss has the meaning ascribed to such term under WARN.