Common use of Termination as Separation from Service Clause in Contracts

Termination as Separation from Service. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment until such termination is also a “separation from service” within the meaning of Section 409A and for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service.

Appears in 5 contracts

Samples: Compensation Agreement (Health Management Associates, Inc), Separation Agreement (Hertz Global Holdings Inc), Separation Agreement (Hertz Corp)

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Termination as Separation from Service. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment until unless such termination is also a “separation from service” within the meaning of Section 409A 409A, and for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service.

Appears in 5 contracts

Samples: Change in Control Severance Protection Agreement (Campbell Soup Co), Employment Agreement (Renovaro Inc.), Employment Transition Agreement (Wabash National Corp /De)

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