Common use of Termination of Employment to Constitute a Separation from Service Clause in Contracts

Termination of Employment to Constitute a Separation from Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers within the meaning of Section 409A. Executive and SITE Centers will take all steps necessary (including taking into account this Section 13.4 when considering any further agreement regarding provision of services by Executive to SITE Centers after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 6 contracts

Samples: Employment Agreement (SITE Centers Corp.), Employment Agreement (SITE Centers Corp.), Employment Agreement (SITE Centers Corp.)

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Termination of Employment to Constitute a Separation from Service. The parties hereto intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers Curbline TRS within the meaning of Section 409A. Executive and SITE Centers the Companies will take all steps necessary (including taking into account this Section 13.4 when considering any further agreement regarding provision of services by Executive to SITE Centers Curbline after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 4 contracts

Samples: Assigned Employment Agreement (Curbline Properties Corp.), Assigned Employment Agreement (Curbline Properties Corp.), Assigned Employment Agreement (Curbline Properties Corp.)

Termination of Employment to Constitute a Separation from Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers Employer within the meaning of Section 409A. Executive and SITE Centers Employer will take all steps necessary (including taking into account this Section 13.4 B.5 when considering any further agreement regarding provision of services by Executive to SITE Centers Employer after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 2 contracts

Samples: Change in Control Agreement (Developers Diversified Realty Corp), Change in Control Agreement (Developers Diversified Realty Corp)

Termination of Employment to Constitute a Separation from Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers the Company within the meaning of Section 409A. Executive and SITE Centers the Company will take all steps necessary (including taking into account this Section 13.4 14.5 when considering any further agreement regarding provision of services by Executive to SITE Centers the Company after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Global Power Equipment Group Inc/)

Termination of Employment to Constitute a Separation from Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers the Company within the meaning of Section 409A. Executive and SITE Centers the Company will take all steps necessary (including taking into account this Section 13.4 7.5 when considering any further agreement regarding provision of services by Executive to SITE Centers the Company after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) except in the case of an Anticipatory Termination, the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 1 contract

Samples: Change in Control Agreement (Hd Supply, Inc.)

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Termination of Employment to Constitute a Separation from Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers within the meaning of Section 409A. Executive and SITE Centers will take all steps necessary (including taking into account this Section 13.4 13.5 when considering any further agreement regarding provision of services by Executive to SITE Centers after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 1 contract

Samples: Employment Agreement (SITE Centers Corp.)

Termination of Employment to Constitute a Separation from Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with SITE Centers the Company within the meaning of Section 409A. Executive and SITE Centers the Company will take all steps necessary (including taking into account this Section 13.4 13.5 when considering any further agreement regarding provision of services by Executive to SITE Centers the Company after the Termination Date) to ensure that (a) any termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from service” within the meaning of Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Global Power Equipment Group Inc/)

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