Separation of Service. A termination of employment under this Agreement shall only occur to the extent Executive has a “separation from service” from Company in accordance with Section 409A of the Code. Under Section 409A, a “separation from service” occurs when Executive and the Company reasonably anticipate that no further services will be performed by Executive after a certain date or that the level of bona fide services Executive would perform after such date (whether as an employee or as a consultant) would permanently decrease to no more than 20 percent of the average level of bona fide services performed by Executive over the immediately preceding 36-month period.
Separation of Service. Any teacher who completes his/her contractual obligations and is an employee in good standing at the end of the school year and is not returning to employment with Bluffton-Xxxxxxxx MSD for the following school year shall retain full insurance coverage as provided in this Master Contract, with the school corporation paying for said insurance coverage, as outlined in section 4.9 of this Master Contract, through the completion of the 26 pay cycles of the current contract period or until the time the Teacher becomes eligible for coverage, whichever occurs first. Teachers retiring from Bluffton-Xxxxxxxx MSD retain benefits as outlined in section 4.9 of this Master Contract. The Teacher separating service with Bluffton-Xxxxxxxx MSD is responsible for notifying Bluffton-Xxxxxxxx MSD central office personnel of coverage eligibility.
Separation of Service. The term “Separation from Service” shall mean the Executive’s service as an executive and/or independent contractor to the Employer and any member of a controlled group that includes Employer, as defined in Code section 414, terminates for any reason, other than because of a leave of absence approved by the Employer, Disability or the Executive’s death. Whether a Separation from Service takes place is determined based (i) on the facts and circumstances surrounding the termination of the Executive’s employment, (ii) whether the Employer and the Executive intended for the Executive to provide significant services for the Employer following such termination and (iii) the application of facts and circumstances in view of the presumptions contained in the regulations to section 409A of the Code. For purposes of this Agreement, if there is a dispute about the employment status of the Executive or the date of the Executive’s Separation from Service, the Employer shall have the sole and absolute right to decide the dispute.
Separation of Service. For the avoidance of doubt, the adjustments made to UTC DSU Awards, including the adjustment of such awards into Carrier DSU Awards or Otis DSU Awards shall not result in a separation of service entitling a participant under the UTC DSU Plan, Carrier DSU Plan or Otis DSU Plan to a distribution.
Separation of Service. For the purposes of this Agreement, the term “termination” means a termination of employment that meets the definition of “separation of service” as defined in Section 409A of the Internal Revenue Code and regulations promulgated thereunder.
Separation of Service. Upon retirement, separation of service, or death, the hours remaining in the holiday leave bank will be compensated in the same manner and at the same hourly rate as salary.
Separation of Service. Uniforms and all other items furnished by SunLine (other than items purchased by the employee using the uniform purchase credit) must be returned by employee upon termination of employment. SunLine may deduct from employee's last paycheck the replacement cost of uniforms or other items furnished by SunLine in the event such items are not returned by the employee.
Separation of Service. A. Retirement means an employee has completed twenty-five (25) years of credited service with the City or is eligible to receive disability pension benefits immediately following separation from City employment. At retirement, an employee who has up to one hundred forty (140) sick leave credits may convert them to regular pay. This conversion shall be two (2) sick leave credits for one
Separation of Service. Any employee who is laid off, resigns (other than as an alternative offered in lieu of a discharge) or retires shall receive vacation pay, paid in a separate payroll check, for all of the employee's accrued vacation on separation from service.
Separation of Service. Upon separation of service, for whatever reason, employees shall be compensated up to and including the date of separation for any and all accrued leave and other remuneration due. Clothing allowances and longevity allowance for eligible employees shall be prorated. Upon separation, employees may select to have payments due for said remunerations paid out in one of the following methods:
