Severance from Employment Date definition

Severance from Employment Date means the earlier of (a) the date an Employee quits, retires, is discharged, or dies, whichever occurs first, or (b) the first anniversary of the first date that the Employee is continually absent from work for any other reason (except where such absence is attributable to a Company-approved leave of absence).
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Severance from Employment Date means the date a Participant experiences a separation from service as determined in accordance with Section 409A of the Code.
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Severance from Employment Date means the earlier of the date of an Eligible Employee's Retirement, death or other termination of employment, or the first anniversary of the date the Eligible Employee is absent from Eligibility Service for any other reason. If an Eligible Employee incurs a Severance from Employment Date and is not re-employed within the twelve consecutive months following the severance, such Eligible Employee shall have incurred a "Break in Service".
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Examples of Severance from Employment Date in a sentence

  • If an Employee severs employment and is subsequently reemployed by the Employer prior to incurring a Permanent Break in Eligibility Service, the Severance from Employment Date shall be disregarded for eligibility purposes and he or she will enter the Plan as provided in 4.1 following his or her rehire date.

  • Notwithstanding anything to the contrary herein, solely for purposes of determining whether an Employee or Participant has incurred a One Year Period of Severance, the Severance from Employment Date of an Employee who is absent from Service beyond the first anniversary of the first date of absence by reason of a Parental Absence is the second anniversary of the first date of such absence.

  • Accordingly, the Participant’s Elective Deferral Contributions election will be applied to the portion of Participant’s Compensation attributable to bonuses paid on or before the Severance from Employment Date, but a Participant is not eligible to make Elective Deferral Contributions from the portion of Participant’s Compensation attributable to bonuses paid after the Severance from Employment Date.

  • A period of authorized leave shall be considered as a period of Eligibility Service, except that if the Member does not return to the employment of the Company upon conclusion of the approved absence, the Member's Severance from Employment Date shall be determined in accordance with Plan Section 1.26(c).

  • In addition, the term “Highly Compensated Employee” shall also include a former Employee who has reached his Severance from Employment Date prior to the Determination Year (as hereinafter defined) and who was a Highly Compensated Employee for either (i) the year including his Severance from Employment Date or (ii) any Determination Year ending on or after the Employee’s 55th birthday.

  • If following a Participant’s Severance from Employment Date the value of his vested Account, is not greater than $1,000, then, absent a Participant’s direct rollover election, such amount will be paid in a lump sum to the Participant.

  • It was noted that it was most appropriate for mean weights obtained from biological observations immediately prior to or after the tally period to be used to scale up catch weights from tally counts of by-catch.

  • The period following a Severance from Employment Date extending until the Employee again completes an Hour of Service.

  • Exclusively with respect to the portion of Compensation related to bonuses under Section 2.6-3(c), a Participant’s Elective Deferral Contributions election will be automatically revoked on the Participant’s Severance from Employment Date..

  • After receipt of the existing conditions plan, the Planning Board, upon application by the developer for expansion of or additional development within the planned unit development, may at its sole discretion waive the requirement of a preapplication conference and such portions of the required preliminary development plan submissions as it believes have been satisfied or are unnecessary to make a reasoned decision on the proposed expansion or addition.


More Definitions of Severance from Employment Date

Severance from Employment Date means the earlier of (a) the date on which an Associate quits, retires, is discharged or dies; or (b) the first anniversary of the first date of a period in which an Associate remains absent from service (with or without pay) with the Employer for any reason other than quit, retirement, discharge or death, such as vacation, holiday, sickness, disability, leave of absence or layoff.
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Related to Severance from Employment Date

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

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • 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.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

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

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Disability retirement for plan 1 members, means the period

  • 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.

  • 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.

  • Retirement Age means the earlier to occur of:

  • 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.

  • Plan Termination Date means the date that is ten (10) years after the Effective Date, unless the Plan is earlier terminated by the Board pursuant to Section 15 hereof.

  • 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.

  • Employment Date means the first date as of which an Employee is credited with an Hour of Service, provided that, in the case of a Break in Service, the Employment Date shall be the first date thereafter as of which an Employee is credited with an Hour of Service.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Last day of paid employment means the last date employer and employee

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • 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.

  • Covered Employment means employment in a covered position.

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

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Termination Benefit means the benefit set forth in Article 7.