T ermination definition

T ermination means a Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.
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T ermination means the termination of a Participant’s employment or service, as applicable, with the Service Recipient; provided, however, that, if so determined by the Committee at the time of any change in status in relation to the Service Recipient (e.g., a Participant ceases to be an employee and begins providing services as a consultant, or vice versa), such change in status will not be deemed a Termination hereunder. Unless otherwise determined by the Committee, in the event that the Service Recipient ceases to be an Affiliate of the Company (by reason of sale, divestiture, spin-off, or other similar transaction), unless a Participant’s employment or service is transferred to another entity that would constitute the Service Recipient immediately following such transaction, such Participant shall be deemed to have suffered a Termination hereunder as of the date of the consummation of such transaction. Notwithstanding anything herein to the contrary, a Participant’s change in status in relation to the Service Recipient (for example, a change from employee to consultant) shall not be deemed a Termination hereunder with respect to any Awards constituting “nonqualified deferred compensation” subject to Section 409A of the Code that are payable upon a Termination unless such change in status constitutes a “separation from service” within the meaning of Section 409A of the Code. Any payments in respect of an Award constituting nonqualified deferred compensation subject to Section 409A of the Code that are payable upon a Termination shall be delayed for such period as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of the Code. Within ten (10) business days following the expiration of such period, the Participant shall be paid, in a single lump sum without interest, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence, and any remaining payments not so delayed shall continue to be paid pursuant to the payment schedule applicable to such Award.
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T ermination means the termination of a Participant’s employment or service, as applicable, with the Service Recipient.
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Examples of T ermination in a sentence

  • Throughout the Term and for a period of two (2) years after the T ermination Event, Consultant shall not disclose the Confidential Inform ation to any Person.

  • T ermination due to improper use, fraud, or other violations of this Agreement will be ineligible for refund.

  • T ermination of the continuous service of an employee, except by reason of layoff, shall result in cancellation of all sick leave accrued by him at the time of such termination irrespective of whether or not such a person is subsequently employed by the County.

  • T ermination This agreement shall be effective July 1, 2021 and shall terminate June 30, 2024, if notice of either parties intent to terminate this agreement is submitted, in writing, not less than ninety (90) days prior to the expiration date.

  • T ermination or Modification Organization reserves the right, in its sole discretion, to modify, suspend, or terminate this Agreement at any time and for any reason without prior notice or liability.

  • The Purchaser may consider revising or terminating the contract under Article 21 “Revision or T ermination of this Contract”.

  • Stanford reserves the right to cancel or modify the Program before or during its operation for any reason, including natural disasters, emergencies, low enrollment, or unavailability of facilities or personnel or compliance with the University travel policy at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/dept/▇▇▇▇▇▇▇/news/travel.html T ermination of Participation.

  • T ermination by the WORKER: WORKER may terminate the contract WITHOUT JUST CAUSE by serving a written notice to the EMPLOYER at least one (1) month in advance.

  • T ermination of Treatment Length of treatment: The length of time required for therapy will be determined by your personal situation.

  • T ermination of Recall Rights All rights of recall shall be pursuant to Article 15.10.17 of the 2019-21 CBA.