Common use of Definition of Termination Clause in Contracts

Definition of Termination. For purposes of this Agreement, any reference to a “termination” of employment or any form thereof shall mean a “separation from service” as defined in Treasury Regulation §1.409A-1(h) by the Executive with BLI, Big Lots and all persons with whom BLI would be considered a single employer under Sections 414(b) and (c) of the Internal Revenue Code of 1986, as amended (the “Code”).

Definition of Termination. For purposes of this Agreement, any reference to a “termination” of employment or any form thereof shall mean a “separation from service” as defined in Treasury Regulation §1.409A-1(h) by the Executive with BLI, Big Lots BLSI and all persons with whom BLI would be considered a single employer under Sections 414(b) and (c) of the Internal Revenue Code of 1986, as amended (the “Code”).