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

  • The provisions of the Reassignment due to Position Elimination section are subject to the Grievance Procedure only to the extent that there is an allegation that the City has failed to comply with the procedures contained herein.

  • 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.

  • 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 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.

  • Bumping Due to Position Elimination is defined by rank seniority, meaning the last promoted will be the first bumped in succession through the ranks.

  • The Company will also pay you for any accrued unused vacation time to which you are entitled as of your Position Elimination Date.

  • DISCIPLINE AND DISCHARGE 28 Section 12.1. Position Elimination Notification 28 Section 12.2. Termination Notification.

  • If the Grantee incurs a Termination of Employment on account of Disability or a Position Elimination (as defined in Section 4(d) below) at a time when the Grantee has met the age and service requirements for a Qualifying Separation, this Section 4(b) shall apply to the Performance Share Units.

  • You may decide to accept this Agreement at any time during this period; however, you are asked not to sign this Agreement prior to the Position Elimination Date, in order to make the release effective through the last day of employment in your present capacity with the Company.

  • Any vesting as a result of the Grantee’s Termination of Employment with the Company or an Affiliate due to a Qualifying Separation, a Position Elimination or as a result of the Grantee’s Disability shall be conditioned on the Grantee signing and not revoking a general release of claims provided by the Company.


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, 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. Removal of a
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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.
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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
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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.
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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.
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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 -
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Related to Position Elimination

  • Network Termination Point means the physical point at which a Subscriber is provided with access to a Public Electronic Communications Network and, where it concerns Electronic Communications Networks involving switching or routing, that physical point is identified by means of a specific network address, which may be linked to the Telephone Number or name of a Subscriber. A Network Termination Point provided at a fixed position on Served Premises shall be within an item of Network Termination and Testing Apparatus;

  • Excess Ownership Position means any of the following: (i) the Equity Percentage exceeds 9.0%, (ii) Dealer or any “affiliate” or “associate” of Dealer would own in excess of 14.0% of the outstanding Shares for purposes of Section 203 of the Delaware General Corporation Law or (iii) Dealer, Dealer Group (as defined below) or any person whose ownership position would be aggregated with that of Dealer or Dealer Group (Dealer, Dealer Group or any such person, a “Dealer Person”) under any federal, state or local laws, regulations or regulatory orders applicable to ownership of Shares (“Applicable Laws”), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership in excess of a number of Shares equal to (x) the number of Shares that would give rise to reporting or registration obligations (except for any filings of Form 13F, Schedule 13D or Schedule 13G under the Exchange Act) or other requirements (including obtaining prior approval by a state or federal regulator) of a Dealer Person under Applicable Laws and with respect to which such requirements have not been met or the relevant approval has not been received minus (y) 1% of the number of Shares outstanding on the date of determination. The “Equity Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the number of Shares that Dealer and any of its affiliates or any other person subject to aggregation with Dealer, for purposes of the “beneficial ownership” test under Section 13 of the Exchange Act, or of any “group” (within the meaning of Section 13) of which Dealer is or may be deemed to be a part (Dealer and any such affiliates, persons and groups, collectively, “Dealer Group”), beneficially owns (within the meaning of Section 13 of the Exchange Act), without duplication, on such day and (B) the denominator of which is the number of Shares outstanding on such day (including, solely for such purpose, Shares that would be deemed outstanding pursuant to the last sentence of Rule 13d-3(d)(1)(i) if such sentence were applicable to the calculation of clause (B) of the definition of Equity Percentage).

  • Permanent Position Any position which has required, or which will require the services of an incumbent without interruption, for an indefinite period.

  • Service Change has the meaning set forth in Section 2(B) of the Agreement.

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).