Reductions in force definition

Reductions in force. Employees who are terminated by the company for reasons other than cause or performance will receive a pro-rata portion of their bonus award based upon recommendations by their supervisor. Company, function/department results and individual performance will be taken into account.
Sample 1

Examples of Reductions in force in a sentence

  • Reductions in force or other restructurings that eliminate the Participant's position.

  • Reductions in force affected business operations such as data processing, software development, marketing, and various support services, and facility space reduction or closure occurred in several locations including Philadelphia, Pennsylvania and Columbus, Ohio.

  • Reductions in force or other restructurings that eliminate the Participant’s position.

Related to Reductions in force

  • Reduction in Force means abolition of positions in an agency or part of an agency and the corresponding nondisciplinary removal of affected employees from such positions through separation from employment or through displacement to other positions.

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Section 385 Expanded Group shall have the meaning set forth in Treasury Regulation Section 1.385-1(c)(4) for an “expanded group”.

  • Cost-effective means that the expenditures pursuant to

  • Amendment and Restatement Effective Date means June 28, 2018, the date the amendments and restatements to the Plan of May 7, 2018 are subject to approval by the Company’s stockholders at the Company’s 2018 Annual Meeting.

  • Second Restatement Effective Date has the meaning specified in the Second Amendment Agreement.

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • Original Agreement has the meaning set forth in the recitals.

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • Significant Effects under this clause 11 include termination of employment (including redundancy), major changes in the composition, operation or size of the Employer’s workforce or in the skills required, the elimination or diminution of job opportunities, promotion opportunities or job tenure; the alteration of hours of work; the need for retraining or transfer of Employees to other work areas or locations and the restructuring of jobs. Consultation about changes to rosters or hours of work

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • Restatement Effective Date means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02).

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.

  • Significant Modification As defined in Section 3.25.

  • USP-NF means the current edition of the United States Pharmacopeia-National Formulary.

  • Plan Effective Date means the occurrence of the effective date of the Plan according to its terms.

  • Order Form Effective Date means the date on which an Order Form comes into effect as indicated in that Order Form.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.