Standard Termination definition

Standard Termination means a “standard termination” under Section 4041(b) of ERISA.

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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.
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.
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 such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

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 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.

Standard Termination has the meaning set forth in section 4041(b) of ERISA.

Standard Termination shall have the meaning ascribed thereto under 29 --------------------- U.S.C. 1341(b).

Standard Termination means a termination of the Executive’s employment with the Company for any reason, whether initiated by the Executive or the Company, except for a termination from employment for Cause, provided that such termination is also a Separation from Service.