Layoff Period definition

Layoff Period means the period beginning on the date a Participant is laid off from employment with the Company and ending on the sixth anniversary of such layoff.
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Layoff Period means the period beginning on September 19, 1998 and ending on December 31, 1999.
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Examples of Layoff Period in a sentence

  • A Supplemental Benefit can accrue (to the extent eligible) for a Participant hired before January 1, 2008, who returns on or after this date directly from an Authorized Period of Absence or a period of a reduced level of services, or who is rehired on or after this date but during a Layoff Period.

  • Solely for purposes of eligibility for the Supplemental Benefit, the term “rehire” will not include a Participant’s return directly from an Authorized Period of Absence or a Participant’s rehire during a Layoff Period.

  • For any Participant hired on or after January 1, 2008 who returns directly from an Authorized Period of Absence or a period of a reduced level of services, or who is rehired during a Layoff Period, the total SERP Benefit will be recalculated following the methodology described above (with regard to the Excess Benefit only).

  • For purposes of determining eligibility for Executive Profit Sharing Contributions, the term “hired” refers to a Participant’s most recent date of hire or rehire with the Company, regardless of the date on which the Employee joins the E-Series Payroll, and the term “rehire” does not include a return directly from an Authorized Period of Absence or from a layoff during the Layoff Period.

  • For purposes of determining eligibility for the DC SERP, the term “hired” refers to a Participant’s most recent date of hire or rehire with the Company, regardless of the date on which the Employee joins the E-Series Payroll, and the term “rehire” does not include a return directly from an Authorized Period of Absence or from a layoff during the Layoff Period.

  • Returns from Leave, Reduced Services or Layoff After 1/1/08– Supplemental and Excess Benefit A Supplemental Benefit can accrue (to the extent eligible) for a Participant hired before January 1, 2008, who returns on or after this date directly from an Authorized Period of Absence or a period of a reduced level of services, or who is rehired on or after this date but during a Layoff Period.

  • Such Participant (A) has irrevocably elected in writing during the Election Period to be available for Layoff during the Layoff Period, and such Participant's employment has been terminated due to Layoff during such Layoff Period, or (B) has terminated employment during the Retirement Period and (I) was at Normal Retirement Age or later at the date of termination and elected the Normal Retirement Benefit or (II) qualified for and elected the Early Retirement Benefit.

Related to Layoff Period

  • Payoff Period For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

  • Off-Peak Period means the period during which the demand on an electric utility system is not at or near its maximum. For the purpose of this section, the off-peak period includes all hours that are not in the peak period.

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.

  • Cooling Off Period means the duration of time counted from the date when the direct seller and the direct selling entity enter into an agreement and ending with the date on which the contract is to be performed and within which direct seller may repudiate the agreement without being subject to penalty for breach of contract.

  • Effective Period means the period beginning on the Change of Control Date and ending 24 months after the date of the related Change of Control.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Payback Period means the reasonably estimated period of time that it takes for the cost savings resulting from a capital improvement to equal the total cost of the capital improvement. Landlord, by itself or through an affiliate, shall have the right to directly perform, provide and be compensated for any services under this Lease. If Landlord incurs Expenses for the Building or Property together with one or more other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the shared costs and expenses shall be equitably prorated and apportioned between the Building and Property and the other buildings or properties.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Post-Change Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the second anniversary of the occurrence of such Change in Control.

  • Shelf Period has the meaning set forth in Section 2.02(b).

  • Free period means any Period other than the Prohibited Period.

  • Off-Peak Hours means those hours which are not On-Peak Hours.

  • Exchange Period shall have the meaning set forth in Section 2(a) hereof.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Protection Period means the period beginning on the date that is six (6) months before the effective date of a Change in Control and ending on the second anniversary of the effective date of the Change in Control.

  • Extended benefit period means a period which:

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.