Standard Termination definition

Standard Termination means a “standard termination” under Section 4041(b) of ERISA.
Standard Termination means a termination described in ERISA § 4041(b).
Standard Termination means a Qualifying Termination which is not within a Change in Control Period.

Examples of Standard Termination in a sentence

  • If the Executive is discharged with Cause not later than forty-five (45) days after the giving of the Notice of Intent to Discharge, all payments withheld during the period of suspension shall be deemed forfeited and shall not be included in the Standard Termination Entitlements.

  • If a Final Discharge Notice is given later than forty-five (45) days, but sooner than ninety (90) days, after the giving of the Notice of Intent to Discharge, all payments made to the Executive during the period beginning with the giving of the Notice of Intent to Discharge and ending with the Executive's discharge with Cause shall be retained by the Executive and shall not be applied to offset the Standard Termination Entitlements.

  • If a Final Discharge Notice is given later than forty-five (45) days, but sooner than ninety (90) days, after the giving of the Notice of Intent to Discharge, all payments made to the Executive during the period beginning with the giving of the Notice of Intent to Discharge and ending with the Executive’s discharge with Cause shall be retained by the Executive and shall not be applied to offset the Standard Termination Entitlements.

  • In the event Executive’s employment is terminated for “Cause,” Executive shall not be entitled to receive any compensation or benefits under this Agreement except for the Standard Termination Payments.

  • The coverage provided under this section 6(b)(i) may, at the election of the Bank, be secondary to the coverage provided as part of the Standard Termination Entitlements and to any employer-paid coverage provided by a subsequent employer or through Medicare, with the result that benefits under the other coverages will offset the coverage required by this section 6(b)(i).


More Definitions of Standard Termination

Standard Termination means the termination of a Plan in accordance with section 4041(b) of ERISA.
Standard Termination means a Termination of Employment that is not a Qualifying Termination and that is either: (i) initiated by the Company for any reason other than (A) the Executive’s continuous illness, injury or incapacity for a period of twelve (12) months or (B) for Cause or (ii) initiated by the Executive for Good Reason.
Standard Termination a "standard termination," as described in Section 4041(b) of ERISA, of a Single Employer Plan.
Standard Termination shall have the meaning ascribed thereto under 29 --------------------- U.S.C. 1341(b).
Standard Termination means a termination described in ERISA § 4041(b). “Statutory Basis” is defined in Section 10.2(d)(i)(A).
Standard Termination as that term is used in Section 4041(b)(1) of ERISA, nor has any Title IV Plan (determined at any time within the past five years) with Unfunded Pension Liabilities been transferred outside of the "controlled group" (within the meaning of Section 4001(a)(14) of ERISA) of any Credit Party or ERISA Affiliate (determined at such time).
Standard Termination shall have the meaning ascribed thereto under ERISA section 4041(b). "Stock Trust" or "Trust" means the trust established pursuant to documents in substantially the form attached as Exhibit A of this Agreement for purposes of funding all or part of the Enhanced Contributions required pursuant to section II.A.1.(c) of the Agreement.