Common use of Definition of Termination of Employment Clause in Contracts

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)

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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 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 (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 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: Severance Benefit Agreement (SPX Technologies, Inc.), Severance Benefit Agreement (SPX Corp)

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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)

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 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

Samples: Enhanced Severance Agreement (SPX Corp)

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