Qualifying Non-CIC Termination means, outside the Change in Control Period, the Company terminates Executive’s employment with the Company other than (i) for Cause, (ii) due to Executive’s death, or (iii) due to Executive’s Disability.
Qualifying Non-CIC Termination means any termination of a Participant’s employment (a) by the Company or as relevant any Affiliate other than for Cause, death or Disability and (b) that is not a Qualifying CIC Termination.
Qualifying Non-CIC Termination means the termination of an Eligible Employee’s employment with the Company, that is not a Qualifying CIC Termination, by the Company or its successor other than for Cause; provided that a Qualifying Non-CIC Termination shall occur only if such termination of employment constitutes a “separation from service” within the meaning of Section 409A. Notwithstanding the foregoing, an Eligible Employee will not be considered to have incurred a Qualifying Non-CIC Termination (a) if his or her employment is discontinued by reason of the Eligible Employee’s death or Disability (other than in each case with respect to payments pursuant to Section 2.3 hereof as set forth herein) or (b) by reason of the divestiture of a facility or other assets of the Company, sale of a business or business unit, or the outsourcing of a business activity with which the Eligible Employee is affiliated if the Eligible Employee is offered comparable employment by the successor company and the successor company assumes the Company’s responsibilities under the Plan with respect to such Eligible Employee.
Examples of Qualifying Non-CIC Termination in a sentence
Continuing payments of severance pay at a rate equal to Executive’s Base Salary (as in effect immediately prior to the Qualifying Non-CIC Termination) for six months from the date of the Qualifying Non-CIC Termination, which will be paid in accordance with the Company’s normal payroll practices, subject to Section 8.
More Definitions of Qualifying Non-CIC Termination
Qualifying Non-CIC Termination means a termination of a Participant’s employment with the Company without Cause that occurs other than during the CIC Protection Period.
Qualifying Non-CIC Termination means a termination of Executive’s employment with the Company Group (i) outside the Change in Control Period either (A) by a Company Group member without Cause and, following an IPO, other than due to Executive’s death or Disability, or (B) by Executive for Good Reason; or (ii) at any time prior to an IPO by reason of Executive’s death or Disability.
Qualifying Non-CIC Termination means the termination of an Eligible Employee’s employment with the Company, that is not a Qualifying CIC Termination, by the Company or its successor other than for Cause; provided that a
Qualifying Non-CIC Termination means a Separation more than twelve (12) months following a Change in Control or more than three (3) months preceding a Change in Control if the Company terminates the Executive’s employment for any reason other than Cause or Disability.A “Qualifying Termination” is a Qualifying CIC Termination, a Qualifying non-CIC Termination or a Qualifying Death or Disability Termination.
Qualifying Non-CIC Termination means, with respect to a Participant, an Involuntary Termination that occurs other than during a CIC Period.