Former Class definition

Former Class. A class in which an employee previously has held permanent status. An employee may have one (1) or more former classes. However, only those classes in which the employee has held permanent status during the current period of continuous service are eligible former classes in respect to a right to demote.
Sample 1Sample 2Sample 3

Examples of Former Class in a sentence

  • The Bankruptcy Court held, among other things, that the classification and litigation rights afforded to the former Settled Claimants with Litigation Rights, referred to herein as Former Class 7B Claimants, relating to their Pre-Petition Settlement Agreements did not comply with § 524(g) of the Bankruptcy Code.

  • This Disclosure Statement is being transmitted in order to provide adequate information to enable Former Class 7B Claimants, holders of Senior Note Claims and holders of General Unsecured Claims, who are Impaired under the Plan, to make an informed judgment in exercising their right to vote to accept or reject the Plan under section 1126 of the Bankruptcy Code.

  • The Settled Claimants with Litigation Rights are referred to herein as Former Class 7B Claimants.

  • Holders of Senior Note Claims, Former Class 7B Claimants and General Unsecured Claims or their counsel should read the solicitation package materials carefully and follow the voting instructions listed on the ballot.

  • Access to the trading arcadefloor by Former Class B Members is a personal privilege not subject to transfer or sale.

  • Former Class A4 (Drinking Establishments) are now removed from any of the classes and are now a sui generis use.

  • Table 3-3 Variable description VariableVariable to collectionKind of variableCollectionA – personal factorGenderMale/ femaleDichotomousMaleFemaleAgeNumberContinuous…..

  • Similarly, the holders of Asbestos Personal Injury Claims in Class 7 also cast votes on the February 2008 Plan, and pursuant to the Voting Procedures Order, only Former Class 7B Claimants will be provided with solicitation packages and cast votes anew on the Plan, and the votes, whether acceptance or rejection, of all other Asbestos Personal Injury Claimants cast on the February 2008 Plan will be deemed cast on the Plan.

  • Section 8 of the Registration Rights Agreement is hereby incorporated by reference in its entirety except that references to each Holder contained therein shall mean each Former Class A Stockholder.

  • If at any time during the effectiveness of the Shelf Registration, it is determined by the Former Class A Stockholders that an underwritten offering would be advisable, then the Former Class A Stockholders holding a majority of the Registrable Shares shall select the institution or institutions that shall manage or lead such offering.

Related to Former Class

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Voting Classes means Classes 4 and 5.

  • Company Class B Common Stock means the Class B common stock, par value $0.01 per share, of the Company.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class HI M-1 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: M-1 Formula Distribution Amount" and (b) the Unpaid Class HI: M-1 Interest Shortfall, if any.

  • Company Class A Common Stock means the Class A common stock, par value $0.0001 per share, of the Company.

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Protected class means a group of persons distinguished, or perceived to be distinguished, by race, color, religion, sex, sexual orientation, national origin, marital status, familial status, source of income or disability.

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Liquidation Loss Amount With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

  • Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Individual Class Payment means the Participating Class Member’s pro rata share of the Net Settlement Amount calculated according to the number of Workweeks worked during the Class Period.