Separation from the Service definition

Separation from the Service of an Employee shall mean his resignation from or discharge by the Company or a Company Affiliate, or his death, Normal or Disability Retirement but not his transfer among the Company and Company Affiliates.
Separation from the Service of an Employee shall mean his resignation from or discharge by the Company or a Company Affiliate, his death, or Early, Normal, Late or Disability Retirement as defined under the Qualified Plan, but not his transfer among the Company and Company Affiliates. A leave of absence or sick leave authorized by the Company or a Company Affiliate in accordance with established policies, a vacation period, a temporary layoff for lack of work or a Military Leave shall not constitute a Separation from the Service; provided, however, that (i) continuation upon a temporary layoff for lack of work for a period in excess of twelve months shall be considered a discharge effective as of the expiration of the twelfth month of such period, and (ii) failure to return to work upon expiration of any leave of absence, sick leave, Military Leave or vacation or within three days after recall from a temporary layoff for lack of work shall be considered a resignation effective as of the date of expiration of such leave of absence, sick leave, Military Leave, vacation, or the expiration of the third day after recall from any such temporary layoff.
Separation from the Service means an Employee's resignation from or discharge by the Company or a Company Affiliate, death, Normal Retirement or Disability Retirement but not his transfer of employment among the Company and Company Affiliates.

Examples of Separation from the Service in a sentence

  • If a Participant has a Separation from the Service while all or any portion of his Benefit is not a Vested Benefit, such portion of his Benefit shall immediately be forfeited.

  • A Participant who has a Separation from the Service for any reason and is subsequently reemployed by a Company shall become an Eligible Employee on the date of such reemployment, and may again become a Participant in the Plan upon compliance with Section 2.01.

  • The amount of each installment shall be equal to the portion of the Dollar Balance then payable determined in accordance with Section 4.01 as of the Valuation Date coinciding with or next following the Participant’s Separation from the Service, or anniversary date thereof, or the date of termination of the deferral period, or anniversary date thereof, as applicable divided by the then remaining installment period.

  • Continuous Service shall be broken by a Separation from the Service under which the Employee has no recall rights.

  • If a Participant elects to receive his Dollar Balance in annual installments, the first installment shall be made within sixty (60) days, or as soon as administratively feasible thereafter following the Valuation Date coinciding with or next following termination of the deferral period under subparagraph (a)(i)b, or within sixty (60) days, or as soon as administratively feasible thereafter following the Valuation Date coinciding with or next following his Separation from the Service.

  • The Participant's Benefit shall be forfeited upon his Separation from the Service to the extent it has not become Vested, either previously or by reason of such Separation.

  • If a Participant has a Separation from the Service, the portion of his Matching Share Account which is not Vested as of the date of his Separation from the Service shall be immediately forfeited (and debited from his Accounts) and the Company shall cease to be obligated under Articles VIII and IX with respect to the portion of such Matching Share Account that is forfeited.

  • Except as provided in Sections 3.6, 3.7 and 9.3, no distribution shall be made to any Participant from his Qualified Account or any other Account prior to his Separation from the Service.

  • Tel: 304-285-5873., vic1@cdc.gov.Declaration of interestThe findings and conclusions in this article are those of the author and do not necessarily represent the views of the National Institute for Occupational Safety and Health (NIOSH) or the US Consumer Product Safety Commission (CPSC).

  • In the event that such Participant receives installments, such Participant shall receive subsequent annual or quarterly installments from his Nonqualified Accounts not later than 60 days after each anniversary of the last day of the calendar quarter in which his Separation from the Service occurs, or the last day of each calendar quarter, as the case may be.


More Definitions of Separation from the Service

Separation from the Service of an Employee means his quit, discharge, layoff (other than a temporary layoff), death, Retirement, or effective January 1, 2002, his severance from employment under Section 401(k)(2)(B)(i)(I) of the Code for any severance from employment occurring after October 1, 2000, from a Company or a member of the Controlled Group.
Separation from the Service of an Employee shall mean his or her resignation from or discharge by the Company or a Company Affiliate, or his or her death, Normal or Disability Retirement but not his or her transfer among the Company and Company Affiliates.
Separation from the Service of an Employee means his quit, discharge, layoff (other than a temporary layoff), death, Retirement, or effective January 1,
Separation from the Service of an Employee means his quit, discharge, layoff (other than a temporary layoff), death, Retirement, or effective January 1, 2002, his severance from employment under Section 401(k)(2)(B)(i)(I) of the Code for any severance from employment occurring after October 1, 2000, from a Company or a member of the Controlled Group; and for any Participant called to active Military Service on or after January 1, 2008, severance from employment shall be deemed to occur during any period such Participant is performing Military Service for purposes of being eligible to receive a distribution in accordance with Section 6.03.
Separation from the Service of an Employee shall mean his

Related to Separation from the Service

  • Separation from Service means a “separation from service” with the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder.

  • Separation shall have the meaning set forth in the Recitals.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Service-disabled veteran means a veteran, as defined in 38 U.S.C. 101(2), with a disability that is service-connected, as defined in 38 U.S.C. 101(16).

  • Service disabled veteran business means a business that is at least 51 percent owned by one or more service disabled veterans or, in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more individuals who are service disabled veterans and both the management and daily business operations are controlled by one or more individuals who are service disabled veterans.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;