Suitable Position definition

Suitable Position means either:
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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.
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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.
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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.

  • An Eligible Individual who accepts employment with AXA Equitable or any AXA Equitable affiliate during the Notification Period, notwithstanding that such employment is not a Suitable Position, will not be eligible for Severance Benefits under this Plan.

  • The Employee may choose either to accept the Suitable Position or Severance Pay and benefits under this Plan if the Employee is offered a Suitable Position that involves: (i) for a salaried employee, a reduction in salary grade or an option to transfer to an hourly position; or (ii) for an hourly employee, a 25% or greater reduction in the hourly rate.

  • No Severance Benefits shall be due under this Plan to an Eligible Individual when (a) there is a change in an AXA Equitable operation resulting from, but not limited to, a merger, acquisition, divestiture (whether through a sale of assets or stock), spinoff, joint venture or incorporation, or similar corporate event, and (b) after the effective date of the change, the successor to the operation (or AXA Equitable or an affiliate) makes a Suitable Position available to the Eligible Employee.

  • The Employee must not be offered a Suitable Position, as defined in Section 1.22.

  • An Eligible Individual who accepts employment with AXA Equitable or any AXA Equitable affiliate during the Severance Period, notwithstanding that such employment is not a Suitable Position, will not be eligible for further Severance Benefits under this Plan from and after the date the offer is accepted.


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

  • Comparable Position means a position where:

  • Eligible position or "full-time job" means a full-time position

  • Queue Position means the priority assigned to an Interconnection Request, a Completed Application, or an Upgrade Request pursuant to applicable provisions of Tariff, Part VI.

  • Former position means the position held by a female or male employee immediately before proceeding on leave or part-time employment under this part whichever first occurs or, if such position no longer exists but there are other positions available for which the employee is qualified and the duties of which he or she is capable of performing, a position as nearly comparable in status and pay to that of the position first mentioned in this definition.

  • Long Position means a buy position that appreciates in value if market prices increase. In respect of Currency Pairs: buying the Base Currency against the Quote Currency.

  • Net Sell Position means the amount of Net Obligation when Net Obligation is negative.

  • Safety-sensitive position means a job, including any supervisory or management position, in which an impairment caused by drug or alcohol usage would threaten the health or safety of any person.

  • Position means a square, circle, rectangle, or other geometric shape on a ballot

  • State elective position means any position held by any

  • Regular Position means an individual Nurse’s job defined as a percentage of full-time hours as set out in the appointment letter referred to in Article 15.

  • Closed Position means the opposite of an Open Position.

  • Covered position means a position in which the employee must be a member of the retirement

  • Cash Position means the Company’s level of cash and cash equivalents.

  • Full-time position means a position of gainful employment where the number of hours worked by the employee is not less than 30 hours during any given work week.

  • Hedge Positions means any purchase, sale, entry into or maintenance of one or more (i) positions or contracts in securities, options, futures, derivatives, or foreign exchange, (ii) stock loan transactions, or (iii) other arrangements (howsoever described) by the Issuer and/or any of its affiliates in order to hedge, individually or on a portfolio basis, its obligations under the Notes.

  • Substantial and Compelling Reason in the Public Interest means a reason that is justified by an important, specific, and articulated public interest goal that is within ICANN's mission and consistent with a balanced application of ICANN's core values as defined in ICANN's Bylaws.

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

  • Position holder means a person who holds an inventory position of motor fuel in a terminal, as

  • person resident outside India means a person who is not resident in India;

  • Matched Positions for CFD trading shall mean Long and Short Positions of the same Transaction Size opened on the Client Account for the same CFD.