Examples of Surplus Employee in a sentence
Notwithstanding the foregoing, if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended, then one hundred percent (100%) of the Restricted Stock Unit Award will vest on [DATE] following the fifth (5th) anniversary of the Grant Date.
Notwithstanding the foregoing, one hundred percent (100%) of the Stock Option Award will vest if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended.
Surplus Employee – An employee whose role has become surplus to requirements.
BB.35 Step 1 The Site Surplus Employee shall have the option of being placed in the same Job Classification and Status within an Administrative Sub- Region or, in the case of central department vacancies, within Administrative Regions, designated by the Employee.
BB.51 A Board Surplus Employee who is unable to bump any other Employee will be given notice of layoff in accordance with the Employment Standards Act and will be laid off.