Leaves of Absence. Defined: Probationary and permanent employees shall be eligible for certain paid and unpaid leaves of absence. A leave is an authorized absence from a job classification granted to probationary or permanent employees, for a specified purpose and period of time, with the right to return to active service unless the employee’s service would otherwise have been terminated. Leaves are either “permissive” or “mandatory”. As to permissive leaves, the term “may” is used and the District retains discretion as to whether they are to be granted, and as to the starting and ending dates of the leave. As to mandatory leaves, the term “shall” is used and the District has no discretion as to whether the leave is to be granted to a qualified employee.
Leaves of Absence. For purposes of this Award your service does not terminate when you go to a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing. But your continuoux employment terminates when the approved leave ends, unless you immediately return to active work. The Company determines which leaves count for this purpose. DEFERRED STOCK The shares of Deferred Stock awarded to you are hypothetical shares of Company Stock. These Deferred Shares shall be credited to a book account in your name. No actual shares of Company Stock will be issued at the time of grant. ADJUSTMENTS In the event of a stock split, stock dividend, spin-off, stock split-up, subdivision or consolidation of shares of Company Stock or a similar change in the Company Stock, the number of shares of Deferred Stock credited to your book account and the Target Prices set forth above, will be adjusted pursuant to the Plan as determined by the Committee. The book account shall also be adjusted to take into account cash dividends that are declared on Company Stock. DISTRIBUTION You will receive a payment attributable to the Deferred FOLLOWING VESTING Stock when you become vested in that portion of the OF AWARD Deferred Stock. When payment is to be made, the Committee shall determine whether payment shall be made (a) in whole shares of Company Stock equal to the number of hypothetical whole shares of Company Stock to be distributed or (b) in a combination of whole shares of Company Stock and cash, in such proportions as the Committee deems appropriate. When a payment is made partly in cash, the hypothetical shares of Company Stock then credited to your book account shall be valued, for purposes of the payment, at the Fair Market Value of Company Stock at the time the payment is made. The Committee shall have sole discretion to determine the form of payment. RIGHTS AS You will not have any rights as a shareholder due to the SHAREHOLDER award of the Deferred Stock. WITHHOLDING TAXES No distribution shall be made to you unless you have made acceptable arrangements to pay any withholding taxes that may be due as result of this Award. RETENTION RIGHTS Neither your Award, nor this Agreement, gives you the right to be retained by the Company (or any subsidiaries) in any capacity. The Company (and any subsidiaries) reserve the right to terminate your service at any time and for any reason. BINDING EFFECT Subject to the limitations stated above and in the ...
Leaves of Absence. That period of time during which teacher is excused pursuant to one or more provisions of this agreement, from the performance of professional duties.
Examples of Leaves of Absence in a sentence
Donated time does not alter the employment rights of the County or the recipient, nor extend or alter limitations otherwise applicable to Leaves of Absence or Sick Leave, except as noted in this agreement.
Resolution granting and amending various Leaves of Absence to County Employees.
The provisions of Article Leaves of Absence, apply to full-time and regular part-time employees but do not apply to casual part-time employees.
The College shall provide partial-load employees with access to the rights provided in Article 12, Tuition Subsidy; Article 21, Leaves of Absence; Article 22, Pregnancy and Parental Leave, and Article 23, Prepaid Leave Plan, of this Agreement.
It is understood that leaves under Article 21, Leaves of Absence, or under Article 17, Short-Term Disability Plan (STD), that are for the purpose of dealing with the death, illness, injury, or medical emergency of a person referred to in 21.04 or are for personal illness, injury, or medical emergency should be credited towards the emergency leave provisions of the Employment Standards Act, S.O. 2001.
More Definitions of Leaves of Absence
Leaves of Absence. Time spent on approved leaves of absence, as provided in Article XIII, Section 1, or unpaid leaves for maternity related purposes, and Extended Leaves of Absence shall be included in the calculation of years of continuous service.
Leaves of Absence. As under prior bonus plans, periods of approved leaves of absence (e.g. medical, workers' compensation or personal) will not be eligible for bonus consideration, except as required by law. Any bonus paid will be pro-rated to take into account the absence period.
Leaves of Absence section 10.0 Paid sick Leave .•.....•.•. ••
Leaves of Absence. .2 4 4 4 4
Leaves of Absence. Unit members who are exposed or test positive for coronavirus and are required to be quarantined shall take advantage of state and federal leave rights, as well as leave rights set forth in the CBA, without fear of reprisal.
Leaves of Absence means a leave that is required as the result of health problems or uncontrollable circumstances;