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For example, the insurance company will pay the reinstatement value if an individual insures their home with a fire policy and the home catches fire. This compensation helps the policyholder either repair or rebuild the entire house.
The act of giving someone back their job or making something exist again: The union demanded the immediate reinstatement of all the workers who'd been sacked. Reinstatement of the tax would be a disaster.
As we have seen business and economic conditions return, we are eager to re-hire you and offer you the [FULL/PART-TIME, EXEMPT/NON-EXEMPT] position of [TITLE]. This letter outlines the parameters of that offer. Your [FULL/PART]-time earnings will be based on a [FIVE]-day, [FORTY] hour per week schedule.
Verb (used with object),re·in·stat·ed, re·in·stat·ing. to put back or establish again, as in a former position or state: to reinstate the ousted chairman.
Definition. A Mandatory Reinstatement right entitles an employee to return to their former position with all of the status and rights that they had before vacating the position.