Continuous Employment definition
Examples of Continuous Employment in a sentence
The Participant shall vest in the PSUs to the extent provided in paragraph 5(b) (“Performance Requirement”) only if the Participant satisfies the requirements of paragraph 5(c) (“Three-Year Continuous Employment Requirement”), except as otherwise provided in paragraph 7 (“Early Cancellation/Accelerated Vesting of PSUs”).
PLACE OF WORK AND RESIDENCEPeriod of Continuous Employment at start of absence from workFull Pay Half PayMembers of staff will be based on the John Anderson Campus, unless otherwise stated in the letter of appointment.
If Employee should fail to meet the requirements relating to (i) Continuous Employment, (ii) Non-competition, or (iii) No Improper Conduct, then Employee shall forfeit the right to vest in any RSUs that have not already vested as of the time such failure is determined, and Employee shall accordingly forfeit the right to receive the transfer of title to any corresponding Common Shares.
Continuous Employment shall not be considered interrupted during any period of sick leave, military leave or any other leave of absence approved by the Board or in the case of transfers between locations of the Company or between the Company and any Parent, Subsidiary or successor of the Company.
Thereafter, each Employee shall become a Participant on the day on which he or she completes one (1) year of Continuous Employment.