Position Elimination definition

Position Elimination means any permanent, involuntary termination of a Grantee’s active employment with the Company or an Affiliate as a result of a job elimination due to a reduction in force, outsourcing or elimination of position, as determined by the Committee in its sole and absolute discretion.

Position Elimination means the elimination of the Participant’s position in accordance with standard coding practices.

Position Elimination means the involuntary termination of the Participant's Service by the Company due to the Company's determination that the Participant's position with the Company will be eliminated because of a staffing adjustment or other organizational change, expense reduction considerations, office closings or relocations (including but not limited to adjustments in the number of staff in a department or unit or the elimination of all or some of the functions of a department or unit), in which the Participant will not be replaced by another person in the same position.

Examples of Position Elimination in a sentence

• If prior to the Vesting Date and prior to the date that the Grantee has met the age and service requirements for a Qualifying Separation, the Grantee incurs a Termination of Employment by the Company or an Affiliate on account of a Position Elimination, the Performance Share Unit Award shall vest with respect to a pro-rated portion of the Target Award, subject to Section 4(f) below.

• If a Participant is terminated from the Company or any of its wholly-owned operating subsidiaries before the end of the Plan Year or before earned incentive payments are made due to a Position Elimination as a result of a Change in Control of the Company, any earned incentive awards will be paid on a pro rata basis.

• In addition, your participation in the Group Accidental Death Plan and Group Life Insurance will continue for three (3) months from your Position Elimination Date or until your paid leave ends, whichever occurs first.

• During a paid leave of absence, you will continue to receive your current compensation and existing fringe benefits, except that after your Position Elimination Date you will not be eligible for additional vacation accrual or be eligible to participate in the Group Disability Plan.

• In connection with the Position Elimination, Executive hereby irrevocably resigns from all positions he holds with the Company and its subsidiaries, effective as of the Separation Date, and agrees to execute any additional documents required by the Company to effectuate such resignations.

More Definitions of Position Elimination

Position Elimination means Involuntary Termination by MassMutual or a participating subsidiary or affiliate when your job is eliminated due to economic, business or organizational changes. It includes, but is not limited to, jobs eliminated due to functional eliminations, organizational restructuring, volume related job reductions, task consolidations or redistributions, field office closings or other reductions in force that, in the judgment of management, are necessary for the Employer. It also includes instances where the Employer sells, transfers or outsources a business function or business unit to another entity and you are working in that unit but are not offered a reasonably comparable position by the new entity or Employer. Relocation of your worksite more than 50 miles is considered Involuntary Termination due to position elimination. Constructive discharge is neither Involuntary Termination nor position elimination. Reassignment is not position elimination.

Position Elimination means the elimination of Optionee’s position. (viii) “Protected Relationship” means policyholders, agents, brokers, dealers, distributers, sources of supply or customers with whom, within twenty-four (24) months prior to the Last 9

Position Elimination means the elimination of a job position.

Position Elimination means the elimination of Grantee’s position. (viii) “Protected Relationship” means policyholders, agents, brokers, dealers, distributers, sources of supply or customers with whom, within twenty-four (24) months prior to the Last Day, Grantee, directly or indirectly (e.g., through employees whom Grantee supervised) had material business contact and/or about whom Grantee obtained confidential information and trade secrets. (ix) “Restricted Geographic Area” means the territory (i.e.: (i) state(s), (ii) county(ies), or (iii) city(ies)) in which, during the twenty-four (24) months prior to the Last Day, Grantee provided material services on behalf of the Company (or in which Grantee supervised directly, indirectly, in whole or in part, the servicing activities). (x) “Restricted Period” means the period of Grantee’s employment with the Company and a period of twelve (12) months after the Last Day. Grantee recognizes that the durational term is reasonably and narrowly tailored to the Company’s legitimate business interest and need for protection with each position. - 8 -

Position Elimination means the Company’s termination of a Participant’s employment due to a decision to eliminate the Participant’s position, other than due to unsatisfactory performance or misconduct by the Participant. The Committee’s determination of whether a termination of employment involves a Position Elimination shall be final and binding on the Participant and all other persons.

Position Elimination means a Covered Employee's involuntary termination of employment with the Company due to a job elimination or reduction in force. Position Elimination does not include a Covered Employee's termination of employment with the Company for any other reason not specifically stated above, including, but not limited to, discharge for Cause, voluntary resignation (except as provided for "Change of Control Terminations") or retirement, death or termination due to such Employee's disability or physical or mental incapacity.

Position Elimination means the elimination of Grantee’s position. (viii) “Protected Relationship” means policyholders, agents, brokers, dealers, distributers, sources of supply or customers with whom, within twenty-four (24) months prior to the Last Day, Grantee, directly or indirectly (e.g., through employees whom Grantee supervised) had material business contact and/or about whom Grantee obtained confidential information and trade secrets. (ix) “Restricted Geographic Area” means the territory (i.e.: (i) state(s), (ii) county(ies), or (iii) city(ies)) in which, during the twenty-four (24) months prior to the Last Day, Grantee provided material services on behalf of the Company (or in which Grantee supervised directly, indirectly, in whole or in part, the servicing activities). (x) “Restricted Period” means the period of Grantee’s employment with the Company and a period of twelve (12) months after the Last Day. Grantee recognizes that the durational term is reasonably and narrowly tailored to the Company’s legitimate business interest and need for protection with each position. (xi) “Strategic Joint Venture” means a business arrangement entered into by the Company with one or more other parties to own and operate an entity in which the Company continues to have a strategic interest. (xii) “Workforce Reduction” means a reduction in force, as determined by the Company in accordance with its standard coding procedures. G.