Layoff Pool definition

Layoff Pool means the Labor Pool or Yard base-rate jobs plus any other jobs which may be designated for the purpose of permitting qualified senior employees, who would otherwise be laid off from work, to exercise their seniority. (See Exhibit D - Supplemental Agreements Section)
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Examples of Layoff Pool in a sentence

  • In addition to the above, Layoff 1 Employment Pool members shall retain bargaining unit rights for any other application for open KAEOP 5 *Any question/concern of adequate qualification shall be jointly addressed and determined ▇▇▇ ▇▇▇ ▇ ▇▇▇▇▇▇▇▇/▇▇▇▇▇ ▇▇▇▇▇▇▇ process with input from the effected Layoff Pool employee.

Related to Layoff Pool

  • Off-Peak means, in relation to any Passenger Service, the period of time outside of the Peak;

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Adjusted Pool Amount (PO Portion) With respect to any Distribution Date, the sum of the amounts, calculated as follows, with respect to all Outstanding Mortgage Loans: the product of (i) the PO Fraction for each such Mortgage Loan and (ii) the remainder of (A) the Cut-Off Date Principal Balance of such Mortgage Loan minus (B) the sum of (x) all amounts in respect of principal received in respect of such Mortgage Loan (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Unscheduled Principal Receipts and Substitution Principal Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (y) the principal portion of any Realized Loss (other than a Debt Service Reduction) incurred on such Mortgage Loan from the Cut-Off Date through the end of the month preceding such Distribution Date.

  • Minority Group means any of the following racial or ethnic groups:

  • 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.