162 Loss of Clause Examples for Any Agreement
The "Loss of" clause defines the circumstances under which a party is considered to have lost property, rights, or interests covered by the agreement. Typically, this clause outlines what constitutes a loss, such as destruction, theft, or irreparable damage, and may specify the types of losses that are covered or excluded. Its core practical function is to clearly delineate the scope of responsibility and risk allocation between parties in the event of a loss, ensuring both sides understand when and how compensation or remedies may be triggered.
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Loss of. An employee shall lose all seniority and shall be deemed terminated if:
Loss of. An employee shall lose all seniority and shall be deemed terminated if: employee quits; employee is discharged and the discharge is not reversed through the grievance and arbitration procedure; employee is absent from scheduled work for a period of three or more consecutive working days without notifying the Hospital of such absence and providing a reason satisfactory to the Hospital; employee fails to return to work upon the expiration of a leave of absence or a leave of absence for a purpose other than that for which it was granted; employee has been laid off for twenty-four months; employee fails upon being notified of a recall to signify his intention to return within five working days after he has received the notice of recall, and fails to report to work within ten working days after he has received the notice of recall; employee is absent due to illness or disability which absence continues for thirty calendar months from the time the disability or illness commenced.
Loss of property all or a substantial part of the business or assets of any Obligor is destroyed, abandoned, seized, appropriated or forfeited for any reason, and such occurrence in the reasonable opinion of the Buyers has or could reasonably be expected to have a Material Adverse Effect; or
Loss of. An employee shall lose all seniority and service and shall be deemed to have terminated if he: resigns; is discharged and not reinstated through the procedure; is retired; is absent from scheduled work for a period of three (3) or more consecutive working days without notifying the Hospital of such absence and providing to the Hospital a satisfactory reason; has been laid off for months; if the employee has been laid off and fails to return to work within seven
Loss of. An employee shall lose all seniority and shall be deemed terminated if: Employee quits; Employee is discharged and the discharge is not reversed through the grievance and arbitration procedure; employee is absent from scheduled work for a period of three or more consecutive working days without notifying the Hospital of such absence and providing a reason satisfactory to the Hospital; Employee fails to return to work upon the expiration of a leave of absence or a leave of absence for a purpose other than that for which it was granted; Employee has been laid off for twenty-four months; Employee fails upon being notified of a recall to signify his intention to return within five working days after he has received the notice of recall, and fails to report to work within ten working days after he has received the notice of recall; Employee is absent due to illness or disability which absence continues for thirty calendar months from the time the disability or illness commenced.
Loss of. An employee shall lose all seniority and service and shall be deemed to have terminated if he: resigns; is discharged and not reinstated through the procedure; is retired; is absent from. scheduled work for a period of three (3)or more consecutive working days notifyingthe Hospitalof such absence and providing to the Hospital a satisfactory reason; has been laid off for twenty-four (24) if the employee has been laid off and fails to return to work within seven calendar days after that employee has been notified by the Hospital through registered mail addressed to the last address on the records of the Hospital, to any special provisions regarding temporary vacancies noted under the heading of Layoff and Recall; is absent to illness or disability for a period of thirty calendar months from the time the disability or illness commenced. It understood that during an unpaid absence not exceeding thirty continuous days or any approved absence paid by the Hospital, both seniority and service will accrue. During an unpaid absence exceeding thirty (30)continuous calendar days, credit for service for purposes of salary increment, vacation, sick leave, or any other benefits under any provisions of the Collective Agreement or shall be suspended for the period of the absence in excess of thirty (30)continuous calendar days, the benefits concerned appropriately reduced on a pro rata basis and the employee's anniversary date adjusted accordingly. In addition, the employee will becomeresponsible for full paymentof any subsidized employee benefits inwhich is participatingfor period of absence, except that the Hospital will continue to pay its share of the premiums up to eighteen months while an employee is in receipt of benefits. Notwithstandingthis provision, service shall accruefor a periodof fifteen weeks an employee's absence is due to a disability resulting in It is further understood that during such unpaid absence, credit for seniority for purposesof promotion, demotion, transfer or lay-off shall be suspended and not accrue during the period of absence. Notwithstanding this provision seniority shall accrue for period of eighteen (18) months if an employee's absence is due to disability resulting in benefits, or benefits, or for a period of one year an employee's unpaid absence is due to an illness. Where a permanentvacancy occurs ina classificationwithin the bargaining unit or a new positionwithin the bargaining unit is established by the Hospital, such vacancy shal...
Loss of. An employee shall lose all seniority and her employment shall
Loss of. An employee shall not lose seniority rights if he is absent from work because of sickness, disability, accident, layoff or leave of absence approved by the Employer. An employee shall only lose his seniority in the event: He is discharged for just cause and is not reinstated.
Loss of. An employee shall lose all seniority and service and shall be deemed to have terminated if he: resigns; is discharged and not reinstated through the procedure; is retired; is absent from scheduled work for a period of three (3) or more consecutive working days without notifying the Hospital of such absence and providing to the Hospital a satisfactory reason; has been laid off for twenty-four (24) months; if the employee has been laid off and fails to return to work within seven (7) calendar days after that employee has been notified by the Hospital through registered mail addressed to the last address on the records of the Hospital, subject to any special provisions regarding temporary vacancies noted under the heading of Layoff and Recall; is absent due to illness or disability for a period of thirty calendar months from the time the disability or illness commenced.
Loss of. An employee's established seniority shall be considered broken, forfeited and employment terminated when such employee: