Involuntary Separation definition

Involuntary Separation means, with respect to a Participant, an involuntary termination of employment by the Employer without Cause, or a voluntary termination by the Participant with Good Reason.

Involuntary Separation. (for purposes of this Policy) means permanent, involuntary termination of employment for reasons such as budget reduction, unit reorganization, work force downsizing, or other reasons not related to performance or conduct. A termination for unsatisfactory performance, misconduct, violation of University policy or other cause is not an eligible involuntary separation under this Policy.

Involuntary Separation means involuntary removal of an employee from the classified service without prejudice as provided for in 1.7.10.13 NMAC.

Examples of Involuntary Separation in a sentence

• Except as expressly or by necessary implication amended hereby, each Financial Performance Plan and Involuntary Separation Pay Arrangement shall continue in full force and effect.

• No amounts earned by the Executive after the Executive’s Involuntary Separation from Service, whether from self-employment, as a common law employee, or otherwise, shall reduce the amount of any payment or benefit under any provision of this Agreement.

• In the event of the Involuntary Separation from Service of the Executive, the Executive shall not be required to mitigate damages by seeking other employment or otherwise as a condition to receiving termination payments or benefits under this Agreement.

• Lastly, any such payments that are paid after the Short Term Deferral Period and otherwise exceed the Involuntary Separation Amount are exempt from Code Section 409A to the extent such payments in the aggregate do not exceed the applicable dollar amount under Code Section 402(g)(1)(B) for the year in which your separation from service occurs (the “Limited Payments”).

• Layoffs shall be made effective among employees in inverse order of TOE within the defined Adjustment Group in an RCA, subject to the following conditions: Regular employees laid off under the provisions of this Article will be entitled to involuntary separation payments under the Involuntary Separation Payment Program (ISPP), plus compensation for any accrued, unused entitlement time to which the employee is entitled at the time of leaving the Company.

More Definitions of Involuntary Separation

Involuntary Separation means the termination of a Member’s employment with the Company as a result of Company action such as a discharge, a resignation after a reduction in pay, position or responsibilities, a retirement after the Company has requested such Member to resign or retire, a layoff, or any relocation of the work location of a Member to a place more than 35 miles from such Member’s principal residence; provided, however, that an Involuntary Separation shall not be deemed to have occurred if a Member resigns or retires other than in response to a Company request, or is terminated for serious misconduct in connection with such Member’s work.

Involuntary Separation means an involuntary separation as that term is defined in Regulation Section 1.409A-1(b)(9)(iii).

Involuntary Separation means involuntary removal of an employee from the department without prejudice as provided for in 10.12.10.13 NMAC.

Involuntary Separation means a termination of the Employee’s employment with Hardinge, or its applicable direct or indirect subsidiary, as a result of any of the following events: (i) the Employee’s death, (ii) the Employee’s inability to perform his or her duties of employment for a period in excess of sixty (60) consecutive days as a result of physical or mental incapacity, as certified in writing by a licensed treating physician, (iii) termination of the Employee’s employment by Hardinge or its applicable direct or indirect subsidiary, without Cause, or (iv) resignation by the Employee due to Good Reason.

Involuntary Separation has the meaning set forth in Section 5.

Involuntary Separation means a Participant’s Separation from Service due to termination by the Company without Cause.

Involuntary Separation means a separation initiated by the Agency against an employee's will and without his or her consent for reasons other than misconduct, delinquency, or inefficiency.