Qualifying Reason definition

Qualifying Reason means any of the following reasons for which a Covered Individual is eligible for Family or Medical Leave benefits: to bond with a child during the first 12 months after the child’s birth, Adoption, or Foster Care placement; to care for a Family Member’s Serious Health Condition; to care for a family member who is a Covered Servicemember; a Qualifying Exigency arising out of a family member’s active duty or impending call to active duty in the Armed Forces; or the covered individual’s own Serious Health Condition that incapacitates the individual from performing the essential functions of the individual’s job.
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Qualifying Reason means in relation to an Employee ceasing to be employed by the Group Company, ceasing to be employed by reason of:
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Qualifying Reason means death, total and permanent disability, Redundancy, termination of the Employee without cause, or any other reason as determined by the Board in its absolute discretion. For the avoidance of doubt, termination with cause means any right to immediate termination (including for the reasons of fraud, defalcation and/or gross misconduct in relation to the affairs of the Company or any Associated Company (whether or not charged with an offence) or doing any act which in the opinion of the Board brings the Company or any Associated Company into disrepute) and also includes sustained performance below expectations by the Employee.
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Examples of Qualifying Reason in a sentence

  • Qualifying Reason for Leave (to be completed by the employee) Question 8: Explain the need for PFL because of the Military Qualifying Event.

  • The purpose of this is to establish a Leave Bank that will provide financial assistance to a Qualified Faculty Member who has exhausted all paid leave time and is facing leave without pay of 5 days or more due to a Qualifying Reason.

  • If Indemnitee is only partially successful in the defense of any Proceeding arising out of a Qualifying Reason, or in the defense of any claim, issue or matter involved therein, whether in the initial adjudication, arbitration or alternate dispute resolution mechanism or on appeal, the Company shall nevertheless indemnify Indemnitee, as a matter of right pursuant to Section 2(b) hereof, to the extent Indemnitee has been partially successful.

  • Qualifying Reason ☐ Rights of Accumulation – My spouse, children under age 21, and/or I own shares in other Transamerica Funds listed below which may entitle this purchase to have a reduced sales charge under the rights of accumulation provisions described in the prospectus.

  • Standards published by the IASB and adopted by the European Union as at 31 December 2021The Company has not yet applied the new and revised IFRSs that have been issued butare not yet effective.

  • All claims for benefits must be supported by a certification evidencing that the leave is for a Qualifying Reason.

  • A Qualifying Reason as defined by the ELTIP Plan Rules is death, total and permanent disability, retirement at normal retirement age, redundancy or other such reason as the Board in its absolute discretion may determine.

  • Qualifying Reason for Leave (to be completed by the employee)Question 8: Explain the need for PFL because of the military qualifying event.

  • New Benefit Fields NEW Fields; read explanations in red below Qualifying Reason Select reason from the drop-down list e.g. Management, Length of ServiceLevel of Cover Select benefits level of cover from the drop-down list e.g. Bupa–Family, Bupa–Individual.

  • Qualifying Reason Eligible employees may access FMLA leave for the following reasons: 1.


More Definitions of Qualifying Reason

Qualifying Reason means any of the following reasons for which a Covered Individual is eligible for Family or Medical Leave benefits: to bond with a child during the first 12 months after the child’s birth, Adoption, or Foster Care placement; to care for a Family Member’s Serious Health Condition; to care for a family member who is a Covered Servicemember; a Qualifying Exigency arising out of a family member’s active duty or impending call to active duty in the Armed Forces;
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Qualifying Reason means the occurrence of one or more of the following conditions: (a) (i) the Company’s assignment to the Executive of any duty inconsistent with his then current status with the Company, (ii) a material adverse change in the nature of the Executive’s then current responsibilities or the transfer of a significant portion of such responsibilities to one or more third persons (unless the Executive has consented to such change or transfer or such change or transfer occurs as a result of the Executive’s change in status from Chief Executive Officer to Executive Chairman of the Board), or (iii) a material diminution in the Executive’s compensation (unless the diminution results from the Executive’s change in status from Chief Executive Officer to Executive Chairman of the Board); provided that no Qualifying Reason shall be deemed to have occurred pursuant to this Section 1.1(a) unless the Executive has given the Company notice within 90 days of the first purported occurrence of one of the above conditions, the Company has not remedied the condition within 30 days after receiving such notice, and, if the condition is not remedied, the Executive actually terminates his employment with the Company within 180 days of the first occurrence of such condition; (b) the resignation by the Executive following the failure of the Executive and the Board to reach an agreement on compensation for the Executive following reasonable and good faith efforts by both parties; (c) the Executive’s receipt of an offer of employment or a position with another entity or organization, which offer is conditioned upon the Executive’s voluntary termination of employment with the Company; provided that the Executive has given the Company notice of receiving such an offer and the Executive accepts such offer and actually assumes such employment or position following his termination of employment with the Company; or (d) disability of the Executive, as defined by Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended.
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Qualifying Reason means (1) a reduction in the Continued Employee’s base pay, (2) a requirement that the Continued Employee move more than fifty (50) miles from the location where he or she worked immediately prior to the Closing Date or (3) a material and adverse change in the duties, responsibilities or functions that the Continued Employee’s position included immediately prior to the Closing Date. If a Continued Employee ends his or her employment with Buyer for any reason (other than for “cause” or a “qualifying reason”), he or she is not entitled to any severance benefit. The severance benefit payable pursuant to this Section 9.8(d) shall be a lump sum cash payment (subject to applicable withholding) in an amount equal to the Continued Employee’s base pay for the period beginning on the date such Continued Employee’s employment terminates and ending on the date that is twelve (12) months after the Closing Date.
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Related to Qualifying Reason

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Qualifying position means one or more jobs with one or more participating public em-

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Qualifying job means a permanent full-time job that:

  • Qualifying child means an individual who:

  • Qualifying year means the calendar year to which the qualifying certificate applies.

  • Qualifying Offer shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Qualifying loss means the amount of compensation attributable to a taxpayer’s nonqualified deferred compensation plan, less the receipt of money and property attributable to distributions from the nonqualified deferred compensation plan. Full loss is sustained if no distribution of money and property is made by the nonqualified deferred compensation plan. The taxpayer sustains a qualifying loss only in the taxable year in which the taxpayer receives the final distribution of money and property pursuant to that nonqualified deferred compensation plan.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • New Non-Qualifying Jobs means the number of Non-Qualifying Jobs, as defined in 34 TEXAS ADMIN. CODE Section 9.1051(14), to be created by the Applicant after the Application Approval Date in connection with the project which is the subject of its Application.

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Qualifying Change in Control means the date on which there occurs a Change in Control that also qualifies as: (i) a change in the ownership of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(v) of the Treasury Regulations, (ii) a change in the effective control of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vi) of the Treasury Regulations, or (iii) a change in the ownership of a substantial portion of the assets of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vii) of the Treasury Regulations.

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Qualifying school means a private school that:

  • Voluntary Termination for Good Reason means the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Qualifying Time Period means the period defined in Section 2.3.C, during which the Applicant shall make investment on the Land where the Qualified Property is located in the amount required by the Act, the Comptroller’s Rules, and this Agreement.

  • CIC Qualifying Termination means, in each case, on or within twenty-four (24) months following a Change in Control, (i) a termination of the Executive’s employment by the Company without Cause, (ii) a termination of the Executive’s employment by reason of death or Disability, or (iii) a termination of the Executive’s employment by the Executive for Good Reason.

  • Qualifying Service means one year or more of continuous service and residence away from the home country and the country of nationality of a staff member, or the country where the staff member has acquired permanent resident status.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Qualifying Offering means a private offering of *****’s equity securities (or securities convertible into or exercisable for *****’s equity securities) for cash (or in satisfaction of debt issued for cash) having its final closing on or after the date of this Agreement and which includes investment by one or more venture capital, professional angel, corporate or other similar institutional investors other than Stanford. For the avoidance of doubt, if ***** is a limited liability company, then “equity securities” means limited liability company interests in *****.

  • Good Reason means: