Voluntary Termination of Employment Payment definition

Voluntary Termination of Employment Payment means a payment of a benefit under the Voluntary Termination of Employment Plan;

Examples of Voluntary Termination of Employment Payment in a sentence

  • Copies of the Corporation notices issued to employees concerning ineligibility for a Voluntary Termination of Employment Payment will be furnished to the Union.

  • The Voluntary Termination of Employment Payment payable to an eligible employee who shall meet the conditions of eligibility set forth in Section 1 of this Plan shall be an amount in accordance with the employee's years of seniority on the date the employee shall apply for such payment.

  • No seniority used to determine the amount of a previous Voluntary Termination of Employment Payment Plan shall be used in determining a subsequent Voluntary Termination of Employment Payment.

  • Any Voluntary Termination of Employment Payment to an eligible employee will be reduced by the employee's outstanding debts to the Company or to trustees of any Company benefit plan or program plus the amount of any pay in lieu of notice of termination of employment, mass termination or plant closing or smaller payment required under Federal or Provincial law.

  • Age and education emerge as the two most important determinants of the probability of receiving an open-ended contract, which is consistent with what we know on how labor market opportunities change over time and across workers.Immigrant workers are significantly less likely than natives to make a transition from a temporary to an open-ended contract.

  • If the Company determines after issuance of a Voluntary Termination of Employment Payment that the payment should not have been issued or should have been issued in a lesser amount, written notice thereof shall be mailed to the former employee and such former employee shall return the amount of the overpayment to the Company.

  • Remedial activities at the marsh would comply with location-specific ARARs. Alternatives 2 and 3 would involve work in the wetland and floodplain.

  • An employee who accepts a Voluntary Termination of Employment Payment shall cease to be an employee and shall have seniority broken at any and all of the Company's plants and locations as of the date the employee's application for a Voluntary Termination of Employment Payment is received by the Company.

  • An employee who receives a Voluntary Termination of Employment Payment, and who is subsequently re-employed by the Company will not be eligible for any future Voluntary Termination of Employment Payment until the Employee has worked five (5) years and thereafter becomes eligible for any future Voluntary Termination of Employment Payment that may be available under the Voluntary Termination of Employment.

  • An Employee, who accepts a Voluntary Termination of Employment Payment, shall cease to be an Employee and shall have Seniority broken at any and all of the Corporation’s plants and locations as of the Employee’s application for a Voluntary Termination of Employment Payment is received by the Corporation.

Related to Voluntary Termination of Employment Payment

  • 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.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • 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.

  • 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.

  • 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:

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • 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.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Constructive Termination means:

  • Severance from Service Date means the earlier of:

  • 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:

  • Separation from Service means a “separation from service” (within the meaning of Section 409A).

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Good Reason means:

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Termination of Service means:

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.