Return to status definition

Return to status means the change of an employee from a classification to which he has been promoted on a duration or working test basis to a classification in which he has prior permanent status.
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Return to status means the change of an employee from a classification to which he has been promoted on a duration
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Return to status means the change of an em- ployee from a classification to which he has been pro- moted on a duration or working test basis to a classifica- tion in which he has prior permanent status.
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Related to Return to status

  • Level IV Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Borrower's ▇▇▇▇▇'▇ Rating is Baa3 or better or the Borrower's S&P Rating is BBB- or better.

  • Level III Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Borrower's ▇▇▇▇▇'▇ Rating is Baa2 or better or the Borrower's S&P Rating is BBB or better.

  • Level II Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status and (ii) the Borrower's ▇▇▇▇▇'▇ Rating is Baa1 or better or the Borrower's S&P Rating is BBB+ or better.

  • Level V Status exists at any date if, on such date, the Borrower has not qualified for Level I Status, Level II Status, Level III Status or Level IV Status.

  • Level I Status exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, the Leverage Ratio is less than 1.00 to 1.00.