Definition of Termination of Employment. For purposes of this Agreement, the Executive’s employment with the Company shall be deemed to be terminated when the Executive has a “Separation from Service” within the meaning of Code Section 409A, and references to termination of employment shall be deemed to refer to a Separation from Service.
Appears in 13 contracts
Samples: Employment Agreement (SPX FLOW, Inc.), Employment Agreement (SPX Corp), Employment Agreement (Textura Corp)
Definition of Termination of Employment. For purposes of this Agreement, the Executive’s employment with the Company shall be deemed to be terminated when the Executive has capitalized, “Terminates Employment,” “Termination of Employment,” or any variation of that term means a “Separation separation from Service” service within the meaning of Code Section 409A (defined below). If Executive’s employment terminates but does not qualify as a separation from service under Section 409A, then Executive shall become entitled to receive the severance pay and references to termination of employment shall be deemed to refer to benefits set forth in this Agreement at such time as he incurs a Separation separation from Serviceservice.
Appears in 10 contracts
Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)
Definition of Termination of Employment. For purposes of this Agreement, the Executive’s employment with the Company shall be deemed to be terminated when the Executive has “terminates employment,” “termination of employment,” or any variation of that term means a “Separation separation from Service” service within the meaning of Code Section 409A (defined below). If Executive’s employment terminates but does not qualify as a separation from service under Section 409A, then Executive shall become entitled to receive the severance pay and references to termination of employment shall be deemed to refer to benefits set forth in this Agreement at such time as he incurs a Separation separation from Serviceservice.
Appears in 5 contracts
Samples: Employment Agreement (Mediaco Holding Inc.), Employment Agreement (Mediaco Holding Inc.), Employment Agreement (Mediaco Holding Inc.)
Definition of Termination of Employment. For purposes of this Agreement, the Executive’s employment with the Company shall be deemed to be terminated when the Executive has a “Separation from Service” within the meaning of Section 409A of the Internal Revenue Code Section 409Aof 1986, as amended (the “Code”), and references to termination of employment shall be deemed to refer to a Separation from Service.
Appears in 2 contracts
Samples: Form of Severance Benefit Agreement (SPX Technologies, Inc.), Form of Severance Benefit Agreement (SPX Corp)
Definition of Termination of Employment. For purposes of this Agreement, the Executive’s employment with the Company shall be deemed to be terminated when the Executive has a “Separation separation from Service” within the meaning of service (as such term is defined under Code Section 409A), and references to termination of employment shall be deemed to refer to a Separation separation from Serviceservice.
Appears in 2 contracts
Samples: Employment Agreement of William Eichhorn (Textura Corp), Employment Agreement (Textura Corp)
Definition of Termination of Employment. For purposes of this Agreement, the Executive’s employment with the Company shall be deemed to be terminated when the Executive has a “Separation from Service” within the meaning of Code Section 409A, and references to termination of employment shall be deemed mean the Executive’s “separation from service”, as defined in Treasury Regulation §1.409A-1(h) (without regard to refer to a Separation from Serviceany permissible alternate definition thereunder).
Appears in 1 contract
Samples: Employment Agreement (Davita Inc)
Definition of Termination of Employment. For purposes With respect to the payment of all benefits under this AgreementArticle 8, whether a "Termination of Employment" takes place is determined based on the facts and circumstances surrounding the termination of the Executive’s employment with and whether the Company shall be deemed to be terminated when and the Executive has intended for the Executive to provide significant services for the Company following such termination. A change in the Executive’s employment status will not be considered a “Separation from Service” within the meaning of Code Section 409A, and references to termination of employment shall be deemed to refer to a Separation from Service.if:
Appears in 1 contract
Samples: Employment Agreement (Prestige Brands Holdings, Inc.)
Definition of Termination of Employment. For purposes of this Agreement, the Executive’s 's employment with the Company shall be deemed to be terminated when the Executive has a “"Separation from Service” " within the meaning of Section 409A of the Internal Revenue Code Section 409Aof 1986, as amended (the “Code”), and references to termination of employment shall be deemed to refer to a Separation from Service.
Appears in 1 contract
Definition of Termination of Employment. For purposes of this AgreementSection 8, the terms termination, terminate(s), terminated, termination of employment, terminates his employment, termination of Executive’s employment, any such term or terms that have the similar meaning in context as Executive’s employment with ending, shall have the Company shall be deemed to be terminated when the Executive has a “Separation same meaning as separation from Service” within the meaning of Code Section 409A, and references to termination of employment shall be deemed to refer to a Separation from Serviceservice as defined in Treasury Regulation section 1.409A-1(h).
Appears in 1 contract
Samples: Employment Agreement (McKesson Corp)