Involuntary Separation from Service definition
Involuntary Separation from Service means (i) a Separation from Service due to the independent exercise by the Company or a Subsidiary (or any successor company) of the unilateral authority to terminate the Executive’s services, other than due to the Executive’s implicit or explicit request (except in the case of a Separation from Service due to Good Reason), where the Executive was willing and able to continue performing services, or (ii) a Separation from Service due to Good Reason.
Involuntary Separation from Service means that the Bank terminates Executive’s employment at any time before Executive’s Normal Retirement Age and such termination is not considered a Termination for Cause.
Involuntary Separation from Service means a Separation from Service due to the independent exercise of the unilateral authority of the Company (or any successor or related employer treated as the service recipient for purposes of Internal Revenue Code Section 409A) to terminate the Employee’s employment, other than due to the Employee’s implicit or explicit request, where the Employee was willing and able to continue employment with the Company. Notwithstanding the foregoing, a termination for Good Reason may constitute an Involuntary Separation from Service. Involuntary Separation from Service shall have the same meaning as such term has for purposes of Internal Revenue Code Section 409A (including Treasury Regulation Section 1.409A-1(n)).
Examples of Involuntary Separation from Service in a sentence
In accordance with Code Section 409A, the terms "Involuntary Termination" or "Involuntary Separation From Service" shall mean a Separation From Service due to the independent exercise of the unilateral authority of the Bank to terminate Executive's services, other than due to Executive's implicit or explicit request, where Executive was willing and able to continue performing services (and not as the result of a Disability or a Termination for Cause).
More Definitions of Involuntary Separation from Service
Involuntary Separation from Service means Separation from Service due to the independent exercise of the unilateral authority of the Service Recipient to terminate the Executive's services, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services, within the meaning of Code section 409A and Treasury Regulation section 1.409A-1(n)(1) or any successor thereto.
Involuntary Separation from Service means Your separation from service due to the independent exercise of the unilateral authority of the Company to terminate Your services, other than due to Your implicit or explicit request, where You were willing and able to continue performing services, within the meaning of Code Section 409A and Treasury Regulation section 1.409A-1(n)(1) or any successor thereto.
Involuntary Separation from Service means a Separation from Service due to the independent exercise of the unilateral authority of the Company or an Affiliate to terminate an individual’s services, other than due to the individual’s implicit or explicit request, where the individual was willing and able to continue performing services.
Involuntary Separation from Service means Separation From Service due to the independent decision of the Company to terminate the Participant’s services, other than due to the Participant’s explicit request, when the Participant was willing and able to continue performing services.
Involuntary Separation from Service means that the Bank notifies the Executive in writing that Executive’s employment with the Bank has been terminated by the Bank for reasons other than “Cause.”
Involuntary Separation from Service means any Separation from Service that is either an Involuntary Termination Without Cause or a Voluntary Termination for Good Reason.
Involuntary Separation from Service means a Separation from Service due to the independent exercise of the unilateral authority of the Company to terminate the Employee's employment, other than due to the Employee's implicit or explicit request, where the Employee is willing and able to continue employment with the Company. Notwithstanding the foregoing, a termination for Good Reason may constitute an Involuntary Separation from Service. For purposes of this agreement, Involuntary Separation from Service shall have the same meaning as such term has for purposes of Internal Revenue Code ss.409A (including Treasury Regulation ss.1.409A-1(n))."