Level 3 Employee definition
Examples of Level 3 Employee in a sentence
For up to 12 months following a termination of employment entitling a Level 2 or Level 3 Employee to severance payments, Parent shall subsidize such employee's COBRA continuation coverage in an amount that allows such employee to continue to participate in the Company's medical program on the same basis as similarly situated active employees.
Notwithstanding the foregoing, no Level 2 or Level 3 Employee shall be entitled to severance benefits if (i) such employee's employment is terminated by Parent or its Affiliates for any reason set forth in Section 3.3 of the Severance Plan or by reason of death or disability or (ii) such employee fails to execute a release of claims in favor of Parent and its Affiliates in a form that is reasonably acceptable to Parent.
Two Level 2 Employees are required to perform the duties of the absent Level 3 Employee, Employee one for three (3) days and Employee two for two (2) days.
A person employed as a Level 3 Employee will work under general direction in the application of procedures, methods and guidelines which are well established.
Band 3E, Level 3 Employee has a Base Salary of $100,414 and works continuous shift pattern.
Band 3E, Level 3 Employee has a Base Salary of $100,414 and works a day shift pattern.
The Additional Roster Hours Rate is the hourly rate multiplied by 1.5. Band 3E, Level 3 Employee works a roster of 14 days/nights on 12 hour shifts followed by 7 days off (i.e. a 2 on / 1 off roster).
Other than for reason of redundancy as set out in Clause 2.5.1 and 2.5.2, a Level 3 Employee may be re-classified as a Level 2 Employee at the discretion of the Company if it considers that the above requirements to be classified at Level 3 are no longer satisfied.
As of the date of this Agreement, Sipex had reserved an aggregate of 3,285,995 shares of Sipex Common Stock for issuance to employees, consultants and non-employee directors pursuant to the Sipex Option Plans, under which options are outstanding for an aggregate of 1,841,662 shares and under which 699,938 shares are available for grant as of the date of this Agreement.
Tasks – In addition to the tasks for a Level 3 Employee, employees at this level are expected to be competent in: Setting and adjusting machine settings and controls; Completing changes including molds, tooling and settings (other than those requiring maintenance team intervention); Applying settings and making required changes to High-Care plant; Operating ovens, including setting and adjusting temperatures.