Separation definition

Separation shall have the meaning set forth in the Recitals.
Separation means a “separation from service,” as defined in the regulations under Section 409A of the Code.
Separation has the meaning set forth in the recitals to this Agreement.

Examples of Separation in a sentence

  • Notwithstanding anything to the contrary in this Offer Letter, no compensation or benefits payable under this Offer Letter shall be paid to you during the six-month period following your Separation from Service if the Company determines that paying such amounts at the time indicated in this Offer Letter would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code.

  • If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of your death), the Company shall pay you a lump-sum amount equal to the cumulative amount that would have otherwise been payable to you during such period.

  • Notwithstanding the foregoing, this Section 6.07 shall not permit any IP Separation Transaction.

  • All repayments must be made on or before the 90th day after a Qualifying Separation or, if you fail to relocate, the 90th day after the Relocation Deadline.

  • All notices and other communications hereunder must also be concurrently sent by email, with the subject line “Twin Hospitality Master Separation and Distribution Agreement Notice”.


More Definitions of Separation

Separation has the meaning set forth in the Separation Agreement.
Separation has the meaning set forth in the Separation and Distribution Agreement.
Separation means separating wastes into different material types, components and grades.
Separation has the meaning assigned to such term in the Recitals hereto.
Separation means (a) any actions to be taken pursuant to Article II and (b) if not addressed by Article II, any transfers of Assets and any assumptions of Liabilities, in each case, between a member of one Group and a member of the other Group, provided for in this Agreement or any Ancillary Agreement.
Separation means the transactions contemplated by Article II.