Separates from Employment definition

Separates from Employment means the Employee's termination of employment from the Employer for any reason. Except as otherwise provided herein, a Separation from Employment shall be deemed to have occurred on the last day of the Employee's service to the Employer and shall be determined without reference to any compensation continuation arrangement or severance benefit arrangement that may be applicable.
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Separates from Employment means the Employee’s termination of employment from the Company for any reason Except as otherwise provided herein, a Separation from
Sample 1Sample 2
Separates from Employment means the Employee’s termination of employment from the Company for any reason Except as otherwise provided herein, a Separation from Employment shall be deemed to have occurred on the last day of the Employee’s service to the Company but taking into account any compensation continuation arrangement or severance benefit arrangement that may be applicable.
Sample 1

Examples of Separates from Employment in a sentence

  • Notwithstanding anything herein to the contrary, in the event that such a Participant fails to make an election, distribution shall be in the form of one lump sum payment paid as soon as practicable after the first day of the year following the date the Participant Separates from Employment.

  • If no such election has been made by the first day of the year in which the Participant Separates from Employment then distribution shall be delayed and shall be made, or commence, as soon as practicable after the first day of the year following the year in which the Participant Separates from Employment.

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  • In general, an employee Separates from Employment with the Employer if the employee dies, retires, or otherwise has a termination of employment with the Employer.

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  • Separates from Employment," or any variation of such term means that a Participant was discharged from, retired, or quit the service of the Employer and all Affiliated Employers; provided, however, such terms shall not include (i) a temporary absence due to an authorized leave of absence, vacation, sickness, or accident; (ii) military service, to the extent required under USERRA and Code Section 414(u)(8)(A); or (iii) a leave that qualifies as a family or medical leave under the FMLA.

  • If the Participant Separates from Employment or ceases to be an Eligible Employee during a Plan Year, the Administrator shall credit to such Participant’s Account as of the Separation Date a pro-rata portion of the Principal Credit that would otherwise apply for such year, based on the number of days in such Plan Year during which the Participant was employed by the Employer as an Eligible Employee.

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  • A Participant who Separates from Employment prior to death may elect to continue a Policy by paying all premiums due thereafter under the Policy provided the Participant repays the Company its Interest within 60 days following the date of Separation from Employment.

  • In the event that a Participant Separates from Employment or retires he may elect to take a distribution or defer the distribution of his benefits as provided under subsections B or C, or direct the Plan to transfer or roll over the distribution to another plan pursuant to Section 5.19.140.


More Definitions of Separates from Employment

Separates from Employment means the Executive's termination of employment from the Company for any reason other than death, retirement under a retirement plan of the Company or disability as defined in the Company's long-term disability plan. Except as otherwise provided herein, a Separation from Employment shall be deemed to have occurred on the last day of the Employee's service to the Company not taking into account any compensation continuation arrangement or severance benefit arrangement that may be applicable.
Sample 1
Separates from Employment means the Executive's termination of employment from the Employer for any reason other than a Disability. Except as otherwise provided herein, a Separation from Employment shall be deemed to have occurred on the last day of the Executive's service to the Employer and shall be determined without reference to any compensation continuation arrangement or severance benefit
Sample 1
Separates from Employment means a Participant's (i) termination of employment from the Company for any reason other than death, Retirement or "disability," as defined in the Company's long-term disability plan, or (ii) reduction in employment grade or status such that the Participant no longer qualifies as an Eligible Executive. Except as otherwise provided herein or in an Employment Agreement, a "Separation from Employment" shall be deemed to have occurred on the last day of the Participant's service to the Company.
Sample 1

Related to Separates from Employment

  • Separates from Service or “Separation from Service” means the Participant’s termination of service as a non‑employee director and as an employee of UGI for any reason other than death and shall be determined in accordance with section 409A of the Code.

  • Severance from Employment means severance from employment with the Employer and any Related Entity. However, a Severance from Employment also occurs on any date on which an Employee ceases to be an employee of a public school, even though the Employee may continue to be employed by a Related Employer that is another unit of the State or local government that is not a public school or in a capacity that is not employment with a public school (e.g., ceasing to be an employee performing services for a public school but continuing to work for the same State or local government employer).

  • Severance from Service Date means the earlier of:

  • Disability retirement for plan 1 members, means the period

  • Separation from Service means a “separation from service” (within the meaning of Section 409A).

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Retirement Age means the earlier to occur of:

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Involuntary Termination of Employment means any termination of Executive's employment by the Company and its subsidiaries, other than a termination for Cause or due to death or Disability.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • Termination of Service means:

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

  • Retires shall refer to the date which the Executive acknowledges in writing to Employer to be the last day the Executive will provide any significant personal services, whether as an employee or independent consultant or contractor, to Employer. For purposes of this Agreement, the phrase "significant personal services" shall mean more than ten (10) hours of personal services rendered to one or more individuals or entities in any thirty (30) day period.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Ceased employment means anyone who has exited the organisation for whatever reason, including resignations, redundancies and dismissals.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Active Employment means you must be actively at work for the Sponsor:

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.