Period of Absence definition
Examples of Period of Absence in a sentence
The Company accepts that the Contractor may from time to time take vacation from his full time client commitments to the Company (Period of Absence).
On no account shall the Contractor take a Period of Absence other than in accordance with the following: (a) it shall be within the overall average annual Time Commitment calculation; (b) it shall only exceed 14 consecutive business days with the prior agreement of the Board of the Company, which shall not be unreasonably denied.
January 1, 2016, the Basic Benefit for participants in the Boeing Company Employee Retirement Plan (referred to as the “BCERP” or the “Plan”) increased to $95.00 per month for all years of Credited Service for employees on the active payroll of the Company or those on an Authorized Period of Absence on or after January 1, 2016 (including those who retire from the employ of the Company on January 1, 2016).
On no account shall the Contractor take a Period of Absence other than in accordance with the following: (a) it shall be within the overall average annual Time Commitment calculation; (b) it shall only exceed 5 consecutive business days with the prior agreement of the Chief Executive Officer of the Company, which shall not be unreasonably denied.
For greater clarity, no additional PSUs or RSUs (whether pursuant to Section 4.1 or in the form of Dividend Equivalent Units) shall be granted to a Participant following his or her date of death or during his or her Period of Absence, including following his or her date of Disability.