Changes of Service. Service shall not be deemed terminated in the case of (i) any approved leave of absence, or (ii) transfers among the Company and any Subsidiaries in the same Service Provider capacity; however, a termination of Service shall occur if (x) the relationship the Executive had with the Company or a Subsidiary at the Grant Date terminates, even if the Executive continues in another Service Provider capacity with the Company or a Subsidiary, or (y) the Executive experiences a “separation from service” within the meaning of Code Section 409A.
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Samples: Non Qualified Stock Option Agreement (Target Corp), Non Qualified Stock Option Agreement (Target Corp), Non Qualified Stock Option Agreement (Target Corp)
Changes of Service. Service shall not be deemed terminated in the case of (i) any approved leave of absence, or (ii) transfers among the Company and any Subsidiaries in the same Service Provider capacity; however, a termination of Service shall occur if (x) the relationship the Executive Team Member had with the Company or a Subsidiary at the Grant Approval Date terminates, even if the Executive Team Member continues in another Service Provider capacity with the Company or a Subsidiary, or (y) the Executive Team Member experiences a “separation from service” within the meaning of Code Section 409A.
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