Examples of Qualifying Termination Date in a sentence
In addition, you shall be eligible to receive a Pro-Rated Bonus for the year in which your employment is terminated, calculated with reference to the Termination Date (as opposed to the Qualifying Termination Date), calculated and paid as provided in Section 3(d)(i)(B) above.
A Participant who believes he or she is entitled to a payment under the Plan that has not been received may submit a written claim for benefits to the Plan within one hundred and twenty (120) days after the Participant’s Qualifying Termination Date.
Subject to Section 8.13, the payments described in Sections 3.02(a)(i)-(ii) and 3.02(b)(i)-(ii) shall be made no sooner than the date on which the general release of claims becomes irrevocable but subject to Sections 3.02(a)(ii) and 3.02(b)(ii) not later than sixty (60) days following the Qualifying Termination Date.
In addition, the Company will not retain or have a right of offset against the amounts payable to you under this Agreement and the Company will not be entitled to reduce the amount of any compensation or benefits payable to you under this Agreement by the amount of salary, bonus or other compensation of any kind, and/or corresponding benefits, earned or received by you from any employment, self-employment or other activities at any time after the Qualifying Termination Date.
Effective as of February 1, 2020, Executive shall resign from his position as Executive Chairman of the Company and its subsidiaries, which termination is deemed a Qualifying Termination and which date is a deemed the Qualifying Termination Date.