Common use of Meaning of Termination of Employment Clause in Contracts

Meaning of Termination of Employment. Solely as necessary to comply with Section 409A, for purposes of Paragraph 5(b) and Paragraph 5(d), “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i) of the Code.

Appears in 3 contracts

Samples: Employment Agreement (Miller Industries Inc /Tn/), Employment Agreement (Miller Industries Inc /Tn/), Employment Agreement (Miller Industries Inc /Tn/)

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Meaning of Termination of Employment. Solely as necessary to comply with Section 409A, for purposes of Paragraph 5(b) and Paragraph 5(d)Article IV, “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i) of the Code.

Appears in 3 contracts

Samples: Change in Control Agreement (Miller Industries Inc /Tn/), Change in Control Agreement (Miller Industries Inc /Tn/), Change in Control Agreement (Miller Industries Inc /Tn/)

Meaning of Termination of Employment. Solely as necessary to comply with Section 409A, for purposes of Paragraph 5(b) and Paragraph 5(d)Section 6, “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i) of the Code, and no payments shall be made under Section 6(c) unless a separation from service has occurred.

Appears in 2 contracts

Samples: Employment Agreement (Aaron's Inc), Employment Agreement (Aaron's Inc)

Meaning of Termination of Employment. Solely as necessary to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), for purposes of Paragraph 5(b) and Paragraph 5(d)when used in this Agreement, “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Code Section 409A(a)(2)(A)(i) of the Code).

Appears in 2 contracts

Samples: Employment Agreement (Innotrac Corp), Employment Agreement (Innotrac Corp)

Meaning of Termination of Employment. Solely as necessary to comply with Section 409A, for purposes of Paragraph 5(b) and Paragraph 5(d)Section 4, “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i) of the Code.

Appears in 1 contract

Samples: Employment Agreement (Miller Industries Inc /Tn/)

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Meaning of Termination of Employment. Solely as necessary to comply with Section 409A, for purposes of Paragraph 5(b) Section 4 and Paragraph 5(d)this Section 7, “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i) of the Code.

Appears in 1 contract

Samples: Employment Agreement (James River Coal CO)

Meaning of Termination of Employment. Solely as necessary to comply with Section 409A of the Code (“Section 409A”), for purposes of Paragraph 5(b) and Paragraph 5(d)Section 6, “termination of employment” or “employment termination” or similar terms shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i) of the Code, and no payments shall be made under Section 6(c) or 6(d) unless a separation from service has occurred.

Appears in 1 contract

Samples: Employment Agreement (Aaron's Inc)

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