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 with respect to any Single Employer Plan, a standard termination described in Section 4041(b) of ERISA.

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

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 29 --------------------- U.S.C. 1341(b).

Standard Termination means a termination of the Master Services Agreement other than a termination by (i) PayPal pursuant to Sections 4.4(b), 10.6, 10.8(b) (only to the extent such breach by the Company results in or is reasonably expected to result in material harm to PayPal), 10.8(c), 10.8(d), 10.8(e), 10.8(f), 10.8(g) or 10.10 of the Master Services Agreement or (ii) the Company pursuant to Sections 10.2, 10.4 (to the extent the termination is not mutual, the governmental action, law, rule or regulation does not directly or indirectly prohibit either party’s performance under the Master Services Agreement and the Company’s termination is exclusively based on commercial reasons), 10.7(b) (only to the extent the breach by PayPal is not willful and does not result in or is not reasonably expected to result in material harm to the Company) or 15.7 of the Master Services Agreement. As used herein, an “eBay Change of Control Transaction” shall mean a Change of Control Transaction (as defined below) where either eBay Inc. (“eBay”) or a Subsidiary thereof is the other party to the Change of Control Transaction. As used herein, a “Vested In-The-Money Change of Control Transaction” shall mean a Change of Control Transaction which is consummated following the full and complete vesting of the Tranche A Shares pursuant to Section 1.3 in which the consideration per share paid to the holders of the Company’s Common Stock in such Change of Control Transaction is in excess of the Exercise Price. As used herein, a “Change of Control Transaction” shall mean (i) a merger, consolidation or reorganization of the Company with or into any other entity or entities in which the holders of the Company’s capital stock prior to the consummation of such event hold less than 50% of the voting power of the surviving entity (or, if the surviving entity is a wholly owned Subsidiary, its parent) immediately after such consolidation, merger or reorganization; (ii) any transaction or series of related transactions to which the Company is a party in which a majority of the Company’s outstanding voting power is transferred (not including any new issuances of securities of the Company in a bona fide financing transaction in exchange for cash or evidence of indebtedness); or (iii) a sale or other disposition of all or substantially all of the assets of the Company. As used herein, a “Subsidiary” shall mean an entity which a person directly or indirectly owns or purports to own, beneficially or of record: (i) an am...