Common use of Retirement or other Termination of Service Clause in Contracts

Retirement or other Termination of Service. In the event of the Grantee’s retirement or other termination from service, any CSEs credited to the Grantee’s account shall become payable, provided such retirement or termination of service constitutes a “separation from service” consistent with the interpretation of such term set forth in Code § 409A. Payment in connection with such separation from service shall be made (or if payment is to be made in installments, commence) within 90 days after the date of such separation from service.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement for Employees (Meredith Corp), Restricted Stock Award Agreement (Meredith Corp)

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Retirement or other Termination of Service. In the event of the Grantee’s 's retirement or other termination from service, any CSEs credited to the Grantee’s 's account shall become payable, provided such retirement or termination of service constitutes a “separation from service” consistent with the interpretation of such term set forth in Code § 409A. Payment in connection with such separation from service shall be made (or if payment is to be made in installments, commence) within 90 days after the date of such separation from service.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Meredith Corp)

Retirement or other Termination of Service. In the event of the Grantee’s 's retirement or other termination from service, any CSEs credited to the Grantee’s 's account shall become payable, provided such retirement or termination of service constitutes a "separation from service" consistent with the interpretation of such term set forth in Code § section 409A. Payment in connection with such separation from service shall be made (or if payment is to be made in installments, commence) within 90 days after the date of such separation from service.

Appears in 1 contract

Samples: Restricted Stock Award Agreement For Employees (Meredith Corp)

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Retirement or other Termination of Service. In the event of the Grantee’s 's retirement or other termination from service, any CSEs credited to the Grantee’s 's account shall become payablepayable within ninety (90) days after the end of the three-year term of this Agreement and after the actual XXX over the three-year period has been determined and certified by Xxxxxxxx Corporation's Corporate Controller, provided such retirement or termination of service constitutes a "separation from service" consistent with the interpretation of such term set forth in Code § 409A. Payment in connection with such separation from service shall be made (or if payment is to be made in installments, commence) within 90 days after the date of such separation from service.section 409A.

Appears in 1 contract

Samples: Restricted Stock Award Agreement For Employees (Meredith Corp)

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