Qualified Separation definition

Qualified Separation has the meaning set forth in Section 5.
Sample 1
Qualified Separation means a separation by an Employee from the active employ of an Affiliate (i) on or after his attaining Normal Retirement Age, (ii) on account of his becoming Disabled, or (iii) due to his death.
Sample 1
Qualified Separation means a termination of employment (i) on or after attaining Normal Retirement Age, (ii) on account of Disability, or (iii) on account of death.
Sample 1

Examples of Qualified Separation in a sentence

  • Upon termination of the Grantee’s employment with the Company for any reason other than death, Disability, Qualified Separation from Service with accelerated vesting by the Committee, or a termination without Cause following a Change in Control, all unvested Restricted Stock Units shall be immediately forfeited to the Company.

  • Futurestep and KF shall jointly and severally pay the Remainder Payment and the Exit Payment within thirty (30) days after the termination of this Agreement pursuant to Section 15(a)(1), 15(b)(1), 15(c), or 15(d).

  • Unvested Shares shall become Vested Shares upon the date of the Participant’s (i) death, (ii) disability, (iii) attainment of age 65, or (iv) Qualified Separation From Service (as defined in the Plan), subject to any additional limitations necessary to ensure that the grant of Awarded Shares is not subject to interest and penalties under Section 409A of the Code and the regulations thereunder.

  • In addition, if a Change in Control (as defined below) is consummated and a Qualified Separation occurs within the Change in Control Period, then 100% of the then-unvested portion of any stock option or restricted stock award issued to you by the Company shall vest as of the Release Effective Date.

  • If the Grantee’s employment is terminated due to a Qualified Separation from Service, the Committee may determine, in its sole discretion, that all remaining unvested Restricted Stock Units shall be 100% vested a of such termination date.

  • If the Grantee’s employment is terminated due to a Qualified Separation from Service, the Committee may determine, in its sole discretion, that all remaining unvested Restricted Stock Units shall be 100% vested as of such termination date.

  • Unvested Shares shall become Vested Shares upon the date of the Participant’s (i) death, (ii) disability, (iii) attainment of age 65, or (iv) Qualified Separation From Service (as defined in the Plan), subject to any additional limitations necessary to ensure that the grant of Shares is not subject to interest and penalties under Section 409A of the Code and the regulations thereunder.

  • If the Grantee’s employment is terminated due to a Qualified Separation from Service, the Committee may determine, in its sole discretion, that the Performance Shares shall immediately vest, with the number of Adjusted Performance Shares determined in accordance with Exhibit A, as if ______________ of the year of such termination of employment was the last day of the Performance Period.

  • In the case of Unvested Class C Units that are exchanged and/or redeemed pursuant to this Section 5(b) following a Qualified Separation, the Common Units and/or Shares received upon the exchange and/or redemption of such Class C Units shall be subject to the same vesting terms and conditions as such Class C Units.

  • If the Grantee's employment is terminated due to a Qualified Separation from Service, the Committee may determine, in its sole discretion, that the Performance Shares shall immediately vest, with the number of Adjusted Performance Shares determined in accordance with Exhibit A, as if December 31 of the year of such termination of employment was the last day of the Performance Period.


More Definitions of Qualified Separation

Qualified Separation means a separation from service (i) on or after attaining Normal Retirement Age, (ii) on account of Disability, or (iii) on account of death.
Sample 1
Qualified Separation means where Xx. Xxxx voluntarily resigns as an officer of Bancshares and the Bank and, in the sole discretion of Bancshares, determines that Xx. Xxxx continues to add value to Bancshares and the Bank. Factors to be considered in this determination include, but are not limited to:
Sample 1
Qualified Separation has the meaning set forth under Severance Benefits above.
Sample 1

Related to Qualified Separation

  • Specified sexual activities means any of the following:

  • Qualified school means a nongovernmental primary or secondary

  • Qualified student means a resident of this state who:

  • Qualified Service Provider means a Person with specific educational training or at least two years of experience in delivering the Supportive Service(s).

  • Qualified Sale means a sale made by a qualified person through a charitable auction.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Qualifying contribution means, with respect to a

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Qualified relative for purposes of item 5, means a spouse, parent, stepparent, brother, sister, stepbrother, stepsister, half-brother, half-sister, uncle, aunt, niece, nephew, first cousin, or any person denoted by the prefix "grand" or "great," or the spouse of any of the persons specified in this definition, even after the marriage has been terminated by death or dissolution.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • qualified supplier means a supplier that a procuring entity recognises as having satisfied the conditions for participation;

  • Qualified veteran means a person who meets the following requirements:

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Classified service means all employment positions in the City that are not excluded by ordinance, City Charter or State law from the provisions of Seattle Municipal Code Chapter 4.04 or the Personnel Rules adopted pursuant thereto.

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Qualifying Acquisition has the meaning specified in Section 5.03.

  • Qualified Retirement means any termination of your employment with the Company Group that occurs on or after your 60th birthday, at a time when no member of the Company Group is entitled to discharge you for Cause, so long as you have served the Company Group continuously for at least the five-year period immediately preceding that termination.

  • Qualified wages means wages you paid during the one-year period beginning with the date an ex-offender begins working for you. Only wages that are subject to unemployment tax under IRC Section 3306 qualify. This includes amounts in excess of the maximum taxable wage. Wages paid during any period for which you received federally funded payments for on-the-job training for the ex-offender do not qualify.

  • Nurse-midwife means a registered nurse who has graduated from a program of study designed to prepare registered nurses for advanced practice as nurse-midwives.

  • Qualified distribution means a distribution from a Roth Elective Deferral Account after the Participant has satisfied a five year tax holding period and has attained age 59½, died, or become Disabled, in accordance with Code Section 402A(d). The five year tax holding period is the period of five consecutive taxable years that begins with the first day of the first taxable year in which the Participant makes a designated Roth Elective Deferral under the Plan or to another retirement plan which amount was directly rolled over to the Plan, and ends when five consecutive taxable years have been completed.

  • Certified seed means foundation and registered seed handled under procedures acceptable to the Department of Agriculture and Forestry to maintain satisfactory genetic purity and identity as defined according to the standards of the official seed certification agency having jurisdiction in the area of production.

  • Qualified Subsidiary means any direct or indirect Domestic Subsidiary or Eligible Foreign Subsidiary.

  • Qualified small business means an entity, whether organized as a corporation, partnership, or proprietorship, organized for profit with its principal place of business located within this state and which meets the following criteria: