Common use of Termination as Separation from Service Clause in Contracts

Termination as Separation from Service. The termination of Executive's employment on the Termination Date constitutes a "separation from service" within the meaning of Section 409A for purposes of any provision of this Agreement or other arrangement providing for the payment of any amounts or benefits subject to Section 409A upon or following a "separation from service" within the meaning of Section 409A, and for purposes of any such provision of this Agreement, references to a "resignation from employment," "termination," "terminate," "termination of employment" or like terms shall also refer to Executive's "separation from service" on the Termination Date.

Appears in 3 contracts

Samples: Separation Agreement (Hertz Corp), Separation Agreement (Hertz Global Holdings, Inc), Separation Agreement (Hertz Corp)

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Termination as Separation from Service. The termination of Executive's ’s employment on the Termination Date constitutes a "separation from service" within the meaning of Section 409A for purposes of any provision of this Agreement or other arrangement providing for the payment of any amounts or benefits subject to Section 409A upon or following a "separation from service" within the meaning of Section 409A, and for purposes of any such provision of this Agreement, references to a "resignation from employment," "” “termination," "” “terminate," "” “termination of employment" or like terms shall also refer to Executive's "’s “separation from service" on the Termination Date.

Appears in 3 contracts

Samples: Separation Agreement (Hertz Corp), Separation Agreement (Hertz Corp), Separation Agreement (Hertz Corp)

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Termination as Separation from Service. The termination of Executive's employment on the Termination Separation Date constitutes a "separation from service" within the meaning of Section 409A for purposes of any provision of this Agreement or other arrangement providing for the payment of any amounts or benefits subject to Section 409A upon or following a "separation from service" within the meaning of Section 409A, and for purposes of any such provision of this Agreement, references to a "resignation from employment," "” “termination," "” “terminate," "” “termination of employment" or like terms shall also refer to Executive's "separation from service" on the Termination Separation Date.

Appears in 1 contract

Samples: Separation Agreement (Hertz Global Holdings Inc)

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