Reduction in Force means abolition of positions in an agency or part of an agency and the corresponding nondisciplinary removal of affected employees from such positions through separation from employment or through displacement to other positions.
Reduction in Force means an involuntary termination of employment with the Company due to elimination of a previously required position or previously required services, or due to the consolidation of departments, abandonment of facilities or offices, technological change or declining business activities, where such termination is intended to be permanent; or under other circumstances which the Committee, in accordance with standards uniformly applied with respect to similarly situated employees, designates as a reduction in force.
Reduction in Force means an involuntary Termination of Service of a Participant by the Bank in connection with a financial decision by the Board to reduce the number of Bank employees, not due to the Participant's performance, and not due to a Reorganization.
Examples of Reduction in Force in a sentence
Reduction in force shall be based on seniority in classification as determined by the seniority article, performance being equal.
More Definitions of Reduction in Force
Reduction in Force or “RIF” means and refers to a systematic series of Terminations of Employment of Employees by the Bank intended to lead to a permanent reduction in staffing.
Reduction in Force means a 409A Separation with Company during the Initial Deferral Period in which the Company terminates the employment of at least ten (10) employees within a business unit in connection with a single plan of reduction to occur within a rolling 90-day period or longer period incorporated into a specific plan of reduction.
Reduction in Force means the loss of employment by a regular employee as a result of a reduction in funding, lack of work, curtailment of work, or reorganization.
Reduction in Force means an involuntary Termination of Employment of a Participant by the Bank in connection with a financial and/or strategic decision by the Bank to reduce the number of Bank employees and not due to the Participant’s performance.
Reduction in Force means any termination of employment that, in the sole judgment of the Company, is (i) made at the request of the Company or an Affiliated Corporation and is due to the elimination of the Employee's position, or (ii) a reduction in the number of persons employed by the Company, either overall or in the Employee's function, department, division or other relevant workplace unit.
Reduction in Force. (hereafter “RIF”) shall mean the discontinuance of employment of any employee for financial or program reasons as determined by CDS.
Reduction in Force as used in this Agreement means a decision by the board of Education to reduce the number of employees for economic reasons. Such a reduction may be accomplished by reducing the hours of employees or by instituting layoffs. 180 day employees who have one year or less than one year of service are typically released at the end of the school year.