Voluntary Layoff definition

Voluntary Layoff is employee consent to a reduction of hours or to an assignment to a lower classification in lieu of layoff.
Voluntary Layoff means a voluntary termination of employment for more than five working days with an agreed upon return to work date.
Voluntary Layoff means an election by a bargaining unit member, who is more senior than the least senior bargaining unit member in the bargaining unit, to accept layoff from employment when a reduction in force is necessitated.

Examples of Voluntary Layoff in a sentence

  • Voluntary layoff shall be for a period of the succeeding school year unless altered by mutual agreement.

  • Voluntary layoff with severance will entail a three week notice of termination from employment, and with no recall or redeployment rights.

  • LETTER OF UNDERSTANDING Re: VOLUNTARY LAYOFF The Company and the Union agree to recognize the need to provide a limited option of Voluntary layoff in addition to those layoff and recall clauses presently contained in the Collective Agreement.

  • Voluntary layoff shall be for no less than one (1) week or more than thirty (30) days provided an employee on voluntary layoff may be recalled at any time.

  • Voluntary layoff is when an employee consent to a reduction of assigned time or assignment to a lower classification in lieu of layoff.

  • Voluntary layoff is an employee’s consent to a reduction of hours in a vacant position or assignment to a lower classification in lieu of layoff.

  • Voluntary lay-off shall be for a period of the succeeding school year unless altered by mutual agreement.

  • Voluntary layoff is: Employee consent to a reduction in hours as proposed by the District in lieu of layoff, OR Employee consent to assignment by the District to a lower classification in lieu of layoff.

  • Voluntary lay-off applies only to those recurring positions that have an annual lay-off with an annual anticipated recall to the same position.

  • Voluntary layoff shall be for no less than one (1) week or more than sixty (60) days.


More Definitions of Voluntary Layoff

Voluntary Layoff means a voluntary termination of employment for more than five (5) working days with an agreed upon return to work date.

Related to Voluntary Layoff

  • Voluntary Resignation means any resignation by Employee other than Employee's Termination for Good Reason, as set forth in Subsection 3(f) of this Agreement, or Employee's resignation following Employee's receipt of a Non-Renewal Notice from Paxson.

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Voluntary and “Voluntarily” in connection with Executive’s termination of employment shall mean a termination of employment resulting from the initiative of the Executive, excluding a termination of employment attributable to Executive’s death or Disability. A resignation by Executive that is in response to a communicated intent by the Company to discharge Executive other than for Cause is not considered to be “Voluntary” and shall be considered to be a termination by the Company for the purposes of this Agreement.

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Due Cause means any of the following events:

  • Involuntary Displacement means the involuntary acquisition of land resulting indirect or indirect economic and social impacts caused by: Loss of benefits from use of such land; relocation or loss of shelter; loss of assets or access to assets; or loss of income sources or means of livelihood, whether or not the Displaced Persons has moved to another location; or not.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Voluntary Bankruptcy means, with respect to any Person, the inability of such Person generally to pay its debts as such debts become due, or an admission in writing by such Person of its inability to pay its debts generally or a general assignment by such Person for the benefit of creditors; the filing of any petition or answer by such Person seeking to adjudicate it a bankrupt or insolvent, or seeking for itself any liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of such Person or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking, consenting to, or acquiescing in the entry of an order for relief or the appointment of a receiver, trustee, custodian, or other similar official for such Person or for any substantial part of its property, or corporate action taken by such Person to authorize any of the actions set forth above. An "Involuntary Bankruptcy" means, with respect to any Person, without the consent or acquiescence of such Person, the entering of an order for relief or approving a petition for relief or reorganization or any other petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or other similar relief under any present or future bankruptcy, insolvency or similar statute, law, or regulation, or the filing of any such petition against such Person which petition shall not be dismissed within ninety (90) days, or, without the consent or acquiescence of such Person, the entering of an order appointing a trustee, custodian, receiver, or liquidator of such Person or of all or any substantial part of the property of such Person which order shall not be dismissed within sixty (60) days.

  • Good Reason means:

  • Termination With Cause means the termination of the Executive’s employment by act of the Board for any of the following reasons:

  • Involuntary Termination of Employment means any termination of Executive's employment by the Company and its subsidiaries, other than a termination for Cause or due to death or Disability.

  • Demotion means a change from an employee's position to one with a lower maximum salary;

  • Layoff is a cessation of employment, or elimination of a job resulting from a reduction of the amount of work required to be done by the Employer, a reduction in hours of work where such a reduction is permanent and eliminates an employee's health and welfare benefit entitlement, a reorganization, program termination, closure or other material change in organization.

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Constructive Dismissal means, unless consented to by the Participant, any action that constitutes constructive dismissal of the Participant, including without limiting the generality of the foregoing:

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Constructive Termination means:

  • Termination Without Cause means termination by the Company other than due to the Executive’s death or disability or Termination With Cause.

  • Involuntary Bankruptcy has the meaning set forth in the definition of Bankruptcy.