SEPARATION FROM definition

SEPARATION FROM. SERVICE shall have the meaning determined pursuant to regulations or other guidance issued with regard to Section 409A of the Code. Until further guidance is issued, Separation from Service shall mean Termination of Employment as defined in Section 1.22.
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SEPARATION FROM. Service shall mean any termination of the Executive’s employment with the Bank pursuant to which the level of services provided by the Executive to the Bank (whether as an employee or as a consultant) is permanently reduced to a level of services that is 49% or less than the services provided in the immediately preceding 36 months and with respect for which the Bank and Executive reasonably anticipate that a significant reduction in the Executive’s services will lead to a cessation of services or a reduction to less than 20% of the Executive’s previous level of services. This definition is intended to comply with the definition of Separation from Service in Section 409A of the Code and the regulations issued thereunder.
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Examples of SEPARATION FROM in a sentence

  • VIOLATORS WILL BE SUBJECT TO THE IMMEDIATE CONSIDERATION OF DISCIPLINARY AND/OR REMEDIAL ACTION THAT COULD INCLUDE SEPARATION FROM THE COLLEGE.

  • SEPARATION FROM UNIT The provisions of this Agreement shall not apply during periods that an employee is separated from the representation unit but shall be reinstated upon the return of the employee to the representation unit.

  • By: Its: THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE UNITS SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD THAT THE GRANTEE IS PROVIDING SERVICES TO THE COMPANY OR A RELATED ENTITY AND HAS NOT OTHERWISE INCURRED A SEPARATION FROM SERVICE OR AS OTHERWISE SPECIFICALLY PROVIDED HEREIN (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES HEREUNDER).

  • SEPARATION FROM EMPLOYMENTWith any support staff position, separation from employment may be initiated by a termination, resignation, reduction-in-force or retirement.

  • PAY ON SEPARATION FROM EMPLOYMENTEmployees separated from employment will be paid for time worked (less deductions) on the next regular payday according to the applicable laws.

  • PARTICIPANT ELECTIONS PRIOR TO SEPARATION FROM SERVICE - REGULAR MATCHING CONTRIBUTIONS ACCOUNT AND EMPLOYER CONTRIBUTIONS ACCOUNT.

  • SEPARATION FROM EMPLOYMENT JOB ABANDONMENT Any employee who does not report to work and does not notify their supervisor may, after two consecutive days missed, be terminated for job abandonment.

  • Therefore, by this release I GIVE UP ANY RIGHT TO MAKE A CLAIM, BRING A LAWSUIT, FILE AN ADMINISTRATIVE CHARGE OF DISCRIMINATION OR OTHERWISE SEEK MONEY DAMAGES OR COURT ORDERS AS A RESULT OF MY EMPLOYMENT BY DATALINK, OR OF MY SEPARATION FROM EMPLOYMENT WITH DATALINK.

  • SEPARATION FROM EMPLOYMENT Teachers A stipend of $500.00 will be paid to teachers who submit their letter of retirement/resignation prior to December 15 of the current school year.

  • County and that has not previously been issued a business registration from the County.1 SEPARATION FROM EMPLOYMENT.

Related to SEPARATION FROM

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

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • 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.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Separation means a “separation from service,” as defined in the regulations under Section 409A of the Code.

  • Qualified employer means the federal government.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Qualified employment position means a permanent full-time

  • Qualified employee means an individual who:

  • Specified Employees has the meaning set forth in Section 8.6.

  • 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).

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Change in Control Benefits means the following benefits:

  • Severance from Service Date means the earlier of:

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Qualified individual with a disability means an individual with a disability who satisfies the requisite skill, experience, education and other job-related requirements of the employment position such individual holds or desires, and who, with or without reasonable accommodation, can perform the essential functions of such position.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • 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.

  • Classified employee means an employee in the classified service, or an employee currently on leave from the classified service in accordance with established Merit Rules governing leave.

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • 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.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.