Severance from Employment. Participants in the Ironwood 401(k) Plan will not be treated as having experienced a severance from employment, within the meaning of Section 401(k)(2)(B)(i) of the Code, for purposes of such plans as a result of the Separation or the occurrence of the Distribution Effective Time.
Severance from Employment. It is understood and agreed that with the full and complete agreement of Employee and the Company, Employee’s employment by the Company will cease April 1, 2004. Except as otherwise expressly provided for herein, Employee will cease to accrue any rights under any pension or compensation plan or the Company (including without limitation any stock option plan, grant or agreement).
Severance from Employment. Participants in the Alkermes 401(k) Plan will be treated as having experienced a severance from employment, within the meaning of Section 401(k)(2)(B)(i) of the Code, for purposes of such plans as a result of the Separation or the occurrence of the Distribution Effective Time.
Severance from Employment. Participants in the bluebird 401(k) Plan will not be treated as having experienced a severance from employment, within the meaning of Section 401(k)(2)(B)(i) of the Code, for purposes of such plans as a result of the Separation or the occurrence of the Distribution Effective Time.
Severance from Employment. Notwithstanding Section 15.3(i), for purposes of Code §401(k)(2)(B)(i)(I), an individual is treated as having been severed from employment during any period the individual is performing service in the uniformed services described in Code §3401(h)(2)(A).
Severance from Employment. The date that the Employee dies, retires, or otherwise has a severance from employment with the Employer, as determined by the Employer (and taking into account guidance issued under the Code). A Rehired Employee shall no longer be treated as having a Severance from Employment upon the date of his or her rehire.
Severance from Employment. For purposes of this Plan, Severance from Employment means that the Eligible Employee ceases to be employed by the Employer and any Related Employer.
Severance from Employment effective January 1, 2002, means an Employee's voluntary or involuntary termination of employment with the Employer and its Affiliates, and any Participating Employers and their Affiliates. Notwithstanding the above, a Severance from Employment shall not occur on the date of sale in the case of any Employee with respect to whom assets and liabilities attributable to his benefits under the Plan are transferred to a plan of the new employer regardless of whether it is a new plan or a pre-existing plan of the former employer. Moreover, no Severance from Employment shall be treated as having occurred for purposes of this Plan if the Employee is employed by an employer that, with respect to the Employer or any Participating Employer, is (1) a corporation which is a member of a controlled group of corporations with the Employer or any Participating Employer (within the meaning of Code section 414(b)), (2) a partnership, joint venture or other business organization (whether or not incorporated) which is under common control or is affiliated with the Employer or a Participating Employer (within the meaning of Code section 414(c)), or (3) any member of an affiliated service group within the meaning of Code section 414(m) of which the Employer or any Participating Employer is a member, or any other entity required to be aggregated with the Employer pursuant to Code section 414(o).
Severance from Employment. The date that the Employee dies, retires, or otherwise has a severance from employment with the Employer, as determined by the Administrator (and taking into account guidance issued under the Code). If applicable an independent contractor shall be considered to have a Severance from Employment upon the expiration of their contract as defined in the Employer’s 457(b) Plan.
Severance from Employment. An Employee’s transfer between a Plan Sponsor or Affiliate and a successor to or acquirer of such Plan Sponsor or Affiliate, or the business assets of such Plan Sponsor or Affiliate, will be a Termination of Employment without regard for the “same desk rule” as long as there has been a severance from employment from all Plan Sponsors and Affiliates.
