Defined Termination definition

Defined Termination has the meaning given such term by the Senior Executive Severance Plan, which states that “Defined Termination” means a Separation from Service within two years after a Change in Control that occurs as a result of either an Involuntary Termination or a Constructive Termination.
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Defined Termination means a Separation from Service of an Employee as a result of either (A) an Involuntary Termination or (B) a Constructive Termination.
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Defined Termination means a Termination of Employment of an Employee within two (2) years after a Change in Control that occurs as a result of either:
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Examples of Defined Termination in a sentence

  • In the event of a Defined Termination of a Participant within two years following a Change in Control, the Participant may, at any time within 90 days following such Defined Termination, but before the Expiration Date, exercise the Option as to any number of shares, which, when added to the number of shares as to which the Option has theretofore been exercised, if any, will not exceed the number of shares determined in Section 5(a).


More Definitions of Defined Termination

Defined Termination means a termination of employment of an Employee as a result of either (A) an Involuntary Termination or (B) a Constructive Termination.
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Defined Termination means a Separation from Service of an Employee within two years after a Change in Control that occurs as a result of either: (a) an Involuntary Termination, or (b) a Constructive Termination.
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Related to Defined Termination

  • Constructive Termination means:

  • Qualifying Termination means a termination of Executive’s employment (i) by the Company other than for Cause or (ii) by Executive for Good Reason. Termination of Executive’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination.

  • Existing Termination Date as defined in Section 2.18.

  • Stated Termination Date means December 31, 2000.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Event of Termination has the meaning specified in Section 7.01.