Layoff definition
Examples of Layoff in a sentence
If you accept the award, a prorated number of the RSUs shall be vested the first day of the seventh month after the date of your Termination of Employment due to Layoff (or, if earlier, the date of your death) provided such termination constitutes a Separation from Service and occurs at least six months after the Grant Date.
If you accept the award, a prorated number of the PSUs shall be vested after the date of your Termination of Employment (x) due to Layoff or Retirement provided such termination occurs at least one year after the beginning of your participation in the Performance Share Program during Performance Period 26 or (y) due to death or after Disability provided such termination occurs after the Grant Date.
Early Retirement after One Month of Participation, Layoff after One Year of Participation, or Death or Disability after the Grant Date.
Retirement after One Month of Participation, Layoff after One Year of Participation, or Death or Disability after the Grant Date.