Nonqualifying Termination definition

Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

Nonqualifying Termination means a termination of the Participant’s employment other than a Qualifying Termination.

Nonqualifying Termination means a termination of the Participant's employment (1) by the Participant's Employer for Cause, (2) as a result of the Participant's death, (3) by the Company due to the Participant's absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Participant's incapacity due to physical or mental illness as is consistent with Company policy and programs or (4) by the Participant for any reason other than for a Qualifying Termination.

Examples of Nonqualifying Termination in a sentence

• Failure of the Company to obtain such assumption prior to the effectiveness of any such merger, consolidation or transfer of assets shall be a breach of this Agreement and shall entitle the Executive to compensation and other benefits from the Company in the same amount and on the same terms as the Executive would be entitled hereunder if the Executive’s employment were terminated following a Change in Control other than by reason of a Nonqualifying Termination.

• Failure of the Company to obtain such assumption prior to the effectiveness of any such merger, consolidation or transfer of assets shall be a breach of this Agreement and shall entitle the Executive to compensation and other benefits from the Company in the same amount and on the same terms as the Executive would be entitled hereunder if the Executive's employment were terminated following a Change in Control other than by reason of a Nonqualifying Termination.

• Failure of the Company to obtain such assumption prior to the effectiveness of any such merger, consolidation or transfer of assets shall be a breach of this Agreement and shall entitle the Executive to compensation and other benefits from the Company in the same amount and on the same terms as the Executive would be entitled hereunder if the Executive’s employment were terminated following a Change in Control other than by reason of a Nonqualifying Termination during the Termination Period.

• If Executive’s employment with the Company shall terminate during the Change in Control Termination Period by reason of a Nonqualifying Termination, then Executive (or Executive’s beneficiary or estate) shall be entitled to the Accrued Obligations and, unless Executive is terminated by the Company for Cause, the Earned Bonus.

• Failure of the Company to obtain such assumption prior to the effectiveness of any such Reorganization, shall be a material breach of this Agreement and shall constitute Good Reason hereunder and shall entitle the Executive to compensation and other benefits from the Company in the same amount and on the same terms as the Executive would be entitled hereunder if the Executive’s employment were terminated following a Change in Control other than by reason of a Nonqualifying Termination.

More Definitions of Nonqualifying Termination

Nonqualifying Termination means the termination of an Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than Good Reason or CIC Good Reason, (3) as a result of the Executive’s death, or (4) by the Company due to the Executive’s absence from the Executive’s duties with the Company on a full-time basis for at least one hundred and eighty (180) consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

Nonqualifying Termination means a termination of the Employment Period (i) by the Company for Serious Misconduct, (ii) by the Executive as a result of his election pursuant to Section 1 not to extend the Agreement in accordance with Section 1 or by the Executive at any other time for any reason, in either case other than for Good Reason, (iii) as a result of the Executive's death or (iv) by the Company due to the Executive's absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive's incapacity due to physical or mental illness. A termination of the Employment Period for any reason not expressly set forth in the preceding sentence, including, without limitation, the election by the Company not to extend the Agreement pursuant to Section 1, shall not constitute a Nonqualifying Termination.

Nonqualifying Termination means a termination of Executive's employment (1) by the Company for Cause, (2) by Executive for any reason other than Good Reason, (3) as a result of Executive's death, (4) by the Company due to Executive's absence from Executive's duties with the Company on a full-time basis for at least one hundred eighty (180) consecutive days as a result of Executive's incapacity due to physical or mental illness or (5) as a result of Executive's retirement (not including any early retirement) in accordance with the Company's retirement policy generally applicable to its salaried employees, as in effect immediately prior to the Change in Control, or in accordance with any retirement arrangement established with respect to Executive with Executive's written consent.

Nonqualifying Termination means a termination of EXECUTIVE’s employment (a) by WORLDSPACE and/or its Affiliates for Cause, (b) by EXECUTIVE for any reason other than for Good Reason with Notice of Termination, (c) as a result of EXECUTIVE’s death, (d) by WORLDSPACE and/or its Affiliates due to EXECUTIVE’s Disability, unless within thirty (30) days after Notice of Termination is provided to EXECUTIVE following such Disability EXECUTIVE shall have returned to substantial performance of EXECUTIVE’s duties on a full-time basis, or (e) as a result of EXECUTIVE’s Retirement.

Nonqualifying Termination means a termination of Executive's employment (1) by the Company for Cause, (2) by Executive for any reason other than for Good Reason with Notice of Termination, (3) as a result of Executive's death, (4) by the Company due to Executive's Disability, unless within thirty (30) days after Notice of Termination is provided to Executive after such Disability Executive shall have returned to substantial performance of Executive's duties on a full-time basis, or (5) as a result of Executive's Retirement. For purposes of this Agreement, termination by the Company shall not include a transfer of employment between subsidiaries of Wolverine or between Wolverine and its subsidiaries. The terms of such transfer, however, may serve as the basis for termination of employment by Executive for Good Reason.

Nonqualifying Termination means a termination of the Executive's employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, or (3) as a result of the Executive's death. Any Nonqualifying Termination shall become effective on (i) the date set forth in a written notice from the Company or the Executive (with respect to clauses (1) and (2) above) or (ii) the date of the Executive's death (with respect to clause (3) above). Termination of the Executive's employment during the Employment Period as result of the Executive's incapacity which results in his qualification for benefits under the Company's long-term disability program covering the Executive shall be a qualifying termination of employment under Section 3.2.

Nonqualifying Termination means a termination of the Participant’s employment with the Company other than a Qualifying Termination.