Separation means a “separation from service,” as defined in the regulations under Section 409A of the Code.
Examples of Separation in a sentence
Upon Separation - Employees who leave the Town service shall receive payment for all earned vacation leave and perfect attendance leave.
More Definitions of Separation
Separation means (a) any actions to be taken pursuant to Article II and (b) if not addressed by Article II, any transfers of Assets and any assumptions of Liabilities, in each case, between a member of one Group and a member of the other Group, provided for in this Agreement or any Ancillary Agreement.
Separation means the date as of which the Grantee is no longer employed by or providing services to the Company or any of its Subsidiaries.