Unless applicable country legislation or regulation requires a deviation, the following leaves of absence will be treated as described below:
for "authorized leaves of absence" and "maternity and paternity leaves of absence." For this purpose, Hours of Service shall be credited for the computation period in which the absence from work begins, only if credit therefore is necessary to prevent the Employee f rom incurring a 1-Year Break in Service, or, in any other case, in the immediately following computation period. The Hours of Service credited for a "maternity or paternity leave of absence" shall be those which would normally have been credited but for such absence, or, in any case in which the Administrator is unable to determine such hours normally credited, eight (8) Hours of Service per day. The total Hours of
to determine the duration and purposes for leaves of absence which may be granted to a Grantee without constituting a termination of employment or service for purposes of the Plan; and
Except to the extent otherwise required by law or expressly authorized by the Plan Administrator or by the written policy on leaves of absence of the Corporation, no Service credit shall be given for vesting purposes for any period the Legacy Participant is on a leave of absence.
In the event that a Participant is on one or more leaves of absence for an aggregate period of more than 90 days during a Performance Year, the Committee may provide for payment to the Participant of a pro rated Final Award for such Performance Year, determined pursuant to Section 4.2 hereof and pro rated based on the ratio of # the number of days in excess of 90 during which the Participant was on one or more leaves of absence to # the total number of days in the Performance Year.
Absence of Material Adverse Effect. Since the Effective Date, no Material Adverse Effect shall have occurred.
Absence of Material Adverse Effect. Since the date of this Agreement, there shall not have been any Material Adverse Effect on YourSpace other than any change that shall result from general economic conditions or conditions generally affecting the industry in which YourSpace conducts operations.
The rights under this Plan of an Employee who leaves the Service of the Company at any time and the rights of anyone entitled to receive any payments under the Plan by reason of the death of such Employee, shall be governed by the provisions of the Plan in effect on the date such Employee leaves the Service of the Company, except as otherwise specifically provided in this Plan; provided, however, that with respect to Non-Grandfathered Plan Benefits:
other employment laws, including but not limited to: # the Family and Medical Leave Act, which requires employers to provide leaves of absence under certain circumstances; # the Worker Adjustment and Retraining Notification Act (WARN), which requires advance notice of certain workforce reductions; # the Employee Retirement Income Security Act, which protects employee benefits (among other things); and # the Uniformed Services Employment and Reemployment Rights Act, which requires employers to provide military leave under certain circumstances; or
In case the Consultant leaves the Corporation or, otherwise, he is dismissed or fired for any reason, the balance of any unexercised options, earn-out bonus not yet earned and any other benefit will be canceled with immediate effect.
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