Separation from Employment definition

Separation from Employment means a discontinuance of the Participant's employment relationship with the Company and its Affiliates due to Retirement, Disability, death, or other termination of employment (voluntary or involuntary). For purposes of this provision, the employment relationship with the Company and its Affiliates of a Participant entitled to accrued vacation time and/or severance pay after he ceases to perform services for the Company and its Affiliates shall be deemed to terminate upon the date his accrued vacation time, if any, expires, or if the Participant is entitled to severance pay, then upon the last date on which the Participant is entitled to receive payment of such severance pay from the Company or any Affiliate. The fact that an Employee who is a Participant ceases to elect to have any Tax-Deferred Contributions credited to his Account under the Plan shall not constitute a Separation from Employment, and a Participant's absence from active employment due to military service or Leave of Absence shall not constitute a Separation from Employment.
Separation from Employment. “termination,” or like terms shall mean “Separation from Service” (excluding death).
Separation from Employment. As you know, the Company has determined that it is in the Company’s best interest for you and the Company to part ways and for your employment with the Company to end. Your last day of employment with the Company will be February 28, 2023 (the “Separation Date”). By no later than your Separation Date, the Company will provide you a final paycheck, which sum represents all of your earned but unpaid salary (the “Final Paycheck”). You are not required to sign this Agreement to receive your Final Paycheck. Your participation in all employee benefit plans, other than the Company’s health insurance plan will end on the Separation Date. Your participation under the Company’s health insurance plan (provided you are enrolled at the time of your Separation Date) will end on the last day of the month of your Separation Date. Under separate cover, you will receive additional information about your rights, if any, to continue your participation in the Company’s health insurance plan under the Consolidated Omnibus Budget Reconciliation Act (”COBRA”).

Examples of Separation from Employment in a sentence

  • Separation from Employment An employee may be separated from employment voluntarily or involuntarily by voluntary resignation, discharge/termination, layoff, or retirement.

  • In general, it is not prohibited to state the arguments /issues of your colleagues in a moot court team.

  • The Employer will make reasonable enquiries to ensure Employees are not suffering physical and/or mental health issues in accordance with the RMS Separation from Employment Procedure.

  • In no event shall the Option be exercisable after the Option Period, and the Option may expire earlier as set forth in Section 7(b) ("Separation from Employment").

  • Separation from Employment 646 IAC 5-8-1 Partial or part-total unemploymentAuthority: IC 22-4-18-1; IC 22-4.1-3-3Affected: IC 22-4; IC 22-4.1 Sec.


More Definitions of Separation from Employment

Separation from Employment. Carington's termination from employment with Abraxas shall be effective as of October 14, 2005 (hereinafter referred to as the "Separation Date"). On the Separation Date, Carington's status as an employee and officer of Abraxas will cease in its entirety.
Separation from Employment means a discontinuance of the Participant's employment relationship with the Company and its Affiliates due to retirement at or after Retirement Age, Disability, death, layoff, or other termination of employment (voluntary or
Separation from Employment means separation on account of retirement, resignation or death in service
Separation from Employment means the Participant’s retirement or termination of employment with the Sponsoring Employer. No Separation from Employment shall be deemed to occur due to military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed six months or, in excess of six months if the Participant’s right to reemployment is provided by law or contract. If the leave exceeds six months and the Participant’s right to reemployment is not provided by law or by contract, then the Participant shall be deemed to have a Separation from Employment on the first date immediately following such six-month period. The Participant shall not be treated as having a termination of employment if the Participant provides more than insignificant services for the Sponsoring Employer following the Participant’s actual or purported termination of or employment with the Sponsoring Employer. Services shall be treated as not being insignificant if such services are performed at an annual rate that is at least equal to 20% of the services rendered by the Participant for the Sponsoring Employer, on average, during the immediately preceding three full calendar years of service or employment (or if employed less than three years, such shorter period of employment). The provision of this Section 2.10 shall be applied consistent with the guidance issued under Code Section 409A(a)(2)(A)(i) and Treasury Regulation Section 1.409A-1(h).”
Separation from Employment. As we have discussed, commencing on April 1, 2008 your employment with the Company will be on a part-time basis (the "Part-Time Employment Period"), and your employment will terminate on May 1, 2008 (the "Separation Date"). On or near the Separation Date, you will be paid all outstanding salary amounts and any accrued, but unused, vacation time in accordance with the Company's regular payroll practices. You explicitly agree that any payments due on May 1, 2008 may be deferred to the Company's next regular payroll cycle. You also will be eligible to convert your medical insurance coverage under COBRA, and will receive information from our plan administrator describing this conversion election. If you seek reimbursement of any business expenses, you agree to submit your final expense reimbursement within a reasonable period after incurring the expenses, along with receipts or other supporting documentation. The Company will reimburse valid business expenses in accordance with its standard expense reimbursement policies. Except for the separation terms proposed in this letter agreement (the "Agreement"), you will not be entitled to any compensation, benefits or other perquisites of employment after the Separation Date.
Separation from Employment means the date when the Employee ceases to (a) render services to the City in exchange for remuneration, and (b) be eligible to contribute to one the City’s retirement or pension plans, excluding the Pension Savings Plan, without regard to anyservices rendered by such employee to the City following such date pursuant to section 1164(b) of the City of Los Angeles Charter.
Separation from Employment means a termination of the Participant’s employment relationship with his Employer and its Affiliates due to Retirement, Disability, death, or other termination of employment (voluntary or involuntary). The fact that a Participant ceases to elect to have any Tax-Deferred Contributions credited to his Account under the Plan shall not constitute a Separation from Employment, and a Participant’s absence from active employment due to military service or other Leave of Absence shall not constitute a Separation from Employment. Notwithstanding the foregoing, a Separation from Employment shall not be inconsistent with the definition ofseparation from service” as defined by Section 409A of the Code and the regulations issued thereunder. For the avoidance of doubt, for purposes of determining whether a Separation from Employment has occurred under Section 409A of the Code, pursuant to Treas. Reg. §1.409A-1(h)(3), the Company has elected to use “at least 80 percent” each place it appears in Section 1563(a)(1), (2), and (3) and Treas. Reg. §1.414(c)-2.