Approved Personal Leave of Absence Sample Clauses

Approved Personal Leave of Absence. Vesting credit will not continue (and instead will be tolled or suspended) during any leave of absence that is not a Statutory Leave of Absence (a “Personal Leave of Absence”). For purposes of clarification, a Participant will not be considered to have incurred a Termination of Service during any Company-approved Personal Leave of Absence so long as the Participant complies with applicable law and applicable Company leave policies.
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Approved Personal Leave of Absence. (Non-Statutory Leave). The restricted or deferred stock and Option components of the Award will continue to vest during the first 90 days of Participant's approved personal leave of absence, provided that Participant's leave of absence was approved by management of Participant's business unit in accordance with the leave of absence policies applicable to Participant. If Participant's leave of absence exceeds 90 days, vesting will be suspended until he or she returns to work and remains actively employed for 30 days, at which time vesting of the restricted or deferred stock component of the Award will resume and vesting of the Option component of the Award will be restored retroactively. The vested portion of an Option may be exercised during the first 12 months of an approved personal leave of absence but not later than the Option Expiration Date indicated in the Stock Option Grant Summary of this Agreement. If Participant's leave of absence exceeds one year, vesting of the restricted or deferred stock and Option components of the Award, and the right to exercise the vested portion of an Option (if any) will cease on the date that Participant's leave of absence has exceeded one year; all unvested components of the Award will be canceled and Participant shall have no further rights of any kind with respect to the Award.
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Approved Personal Leave of Absence. (Non-Statutory Leave). Unvested shares will continue to vest on schedule during the first six months of Participant's personal leave of absence, provided that Participant's leave of absence was approved by management of Participant's business unit in accordance with the leave of absence policies applicable to Participant (an "approved personal leave of absence"). Any unvested shares will be canceled as soon as the approved personal leave of absence has exceeded six months. If the employment of Participant terminates for any reason during the first six months of an approved personal leave of absence, then such applicable provisions of this Section 6 will apply.
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Related to Approved Personal Leave of Absence

  • Personal Leave of Absence The Administrator may grant a request for leave of absence for personal reasons without pay provided that he receives at least one (1) month's clear notice, in writing, unless impossible, and provided that such leave may be arranged without undue inconvenience to the normal operations of the Nursing Home. Employees when applying for such leave shall indicate the proposed date of departure and return. Such leave shall not be unreasonably withheld.

  • Educational Leave of Absence Leaves of absence may be granted up to six (6) months under the above provisions only if the course would be beneficial to both the University and the employee.

  • Personal Leaves of Absence SRD includes the time an employee is on "leave", if the employee is on a: • personal leave of absence with pay; or • personal leave of absence without pay which is less than 15 working days; or • personal leave of absence without pay which is more than 15 working days and which was started on or after April 15, 1993 -- only that portion which was taken during the period from April 15, 1993 to August 31, 1997. • prepaid leave of absence, under the enhanced leaves of absence policy dated April 16, 1993, greater than eight (8) weeks.

  • General Leave of Absence a) Leave of absence without pay may be granted to employees for valid reasons as set out by Company policy.

  • Extended Personal Leave Personal leave without pay not to exceed thirty (30) 26 days may be granted at the discretion of the Superintendent. Personal leave in 27 excess of thirty (30) days shall be subject to approval by the Board.

  • Medical Leave of Absence Where you have a medical leave of absence due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, and you have not returned to employment with the Company or an Affiliate, a Separation from Service has occurred on the earlier of: (A) the first day on which you would not be considered “disabled” under any disability policy of the Company or Affiliate under which you are then receiving a benefit; or (B) the first day on which your medical leave of absence period exceeds 29 months.

  • MATERNITY LEAVE OF ABSENCE A Maternity Leave of Absence will be granted, subject to the following:

  • Union Leave of Absence An employee on an unpaid Union leave of absence shall have her wages, benefits and seniority continued by the Employer, and the Union agrees to reimburse the Employer for the costs of such wages and benefits. Employees requesting leave under this article will provide the Employer with as much advance notice as possible of the dates of the leave. Where there are less than fifteen (15) regular employees at a workstation at the time the leave request is submitted, and subject to operational requirements, unpaid Union leave of absence will be granted to one employee for the purpose of conducting Union business. This would be an additional person on Union leave at worksites where the position of the Union President or Council member has been backfilled for the duration of their term of office. A leave of absence without pay shall be granted to an employee who is a member of the Union and who is:

  • Parental Leave of Absence A. A female unit member may use any or all accumulated leave during pre- and post-natal care for that period of time she is temporarily disabled, as determined by the unit member and her physician.

  • Personal Leave Day A. An employee may choose one (1) workday as a personal leave day each fiscal year during the life of this Agreement if the employee has been continuously employed for more than four (4) months.

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