Suitable Position definition

Suitable Position means either:

Suitable Position means, in respect of a Business Employee other than a Represented Employee, terms of employment that provide for a position which would not entitle such Business Employee to any severance benefits under the Parent Severance Plan if such Business Employee were terminated in connection with the consummation of the transactions contemplated by the Separation Agreement, or solely in the case of a Represented Employee, such terms as may be required pursuant to the terms of the Applicable CBA.

Suitable Position means a position with comparable leveling (i.e. grade, scope, title), salary, and benefits of the previously held, eliminated position for which the employee meets the required qualifications.

Examples of Suitable Position in a sentence

• Prior to the Effective Time, except for (i) Retained Employees, (ii) Business Employees who are Leave Employees at the Interim Transfer Date and (iii) those Business Employees (including, where applicable, Leave Employees) whose employment transfers to a member of the SpinCo Group automatically by operation of Law, SpinCo has caused or shall cause the applicable member of the SpinCo Group to offer employment to each Business Employee in a Suitable Position.

• Except with respect to Represented Employees, an individual’s acceptance of an offer of employment from a member of the SpinCo Group shall be conclusive evidence that such offer constituted a Suitable Position.

• The determination of whether an Employee is offered a Suitable Position shall be exclusively determined by the Plan Administrator.

• The Executive receives written notice from the Participating Employer that the Executive’s position is being changed (for reasons other than Cause) in such a way that it would no longer be a Suitable Position, and the Executive terminates employment with the Company within 30 days following written notification of such change.

• An Eligible Employee who receives an offer of continued employment or reemployment with AXA Equitable or any AXA Equitable affiliate that is not a Suitable Position and who does not accept that offer may receive Severance Benefits (or may continue to receive Severance Benefits) under this Plan if all other requirements are met.

More Definitions of Suitable Position

Suitable Position is used it means a position which the employee is reasonably qualified for and able to perform and which is in a location that would not require a change of residence by the employee.

Suitable Position means a position for which a Participant is reasonably qualified in terms of skills, performance, experience, training or education.

Suitable Position means any available position(s) within QVM at the same classification level where a Redeployee meets the required selection criteria or is deemed to be capable of meeting the selection criteria through appropriate retraining.

Suitable Position means a job that is classified at the same generic level of the employee’s substantive position, and where the employee will be able to satisfactorily carry out the duties of that position with a reasonable amount of training. However, an employee may request to be considered for a position at a lesser salary.

Suitable Position generally means a position providing at least 80% of the executive’s base salary and annual incentive award opportunity. If the position is with the company, rather than a successor employer in a business disposition or other third-party in an outsourcing arrangement, the position must also be within 50 miles of the executive’s job location and in the same career band.

Suitable Position. Means an offer of employment to an Eligible Employee that, in the Plan Administrator’s sole discretion, meets all of the following criteria:

Suitable Position means a position for which the employee is reasonably qualified and able to perform and which is in a location that would not require a change of residence by the employee. Should an employee refuse an offer of a suitable position, the employee shall be permanently laid-off and no severance pay shall be paid.