Terminates or "termination" means the end of a business relationship between a
Terminates means, with respect to the Grantee, a Termination of Employment or Service, as applicable.
Terminates means, with respect to Executive, a Termination of Employment or Service, as applicable.
Examples of Terminates in a sentence
This Amount of Insurance will be reduced by any coverage amount that is in force, paid or payable under the Prior Policy or that would have been payable under the Prior Policy had timely election been made.3. If The Policy Terminates or Your Employer ceases to be a Participating Employer and You have been approved for the Waiver of Premium, Your coverage under the terms of this provision will not be affected.
Terminates the contract, settles any claim or dispute arising under the contract, or issues any unilateral directive whatever.
If Participant’s service Terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights of Participant to such RSUs shall immediately terminate.
Please contact the Claims Administrator for a copy of these procedures and further details.When Member Coverage Terminates.
Terminates within 21 years and10 months after the death of grantors or beneficiaries of the trust living on the effective date of the trust or within 25 years, if applicable under state law.
More Definitions of Terminates
Terminates or "termination" means the end of a business relationship between a sales representative and a principal, whether by:
Terminates means a Participant’s (i) separation from service with the Company, (ii) refusal or failure to return to work within three (3) working days after the date requested by the Company which results in a separation from service with the Company, or (iii) failure to return to work at the conclusion of a leave of absence. Notwithstanding the foregoing, a Participant will not be deemed to have experienced a Termination of Employment while absent on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or if longer, the period during which the Participant’s right to reemployment is guaranteed by statute or contract. If the period of leave exceeds six (6) months, and the Participant’s right to reemployment is not guaranteed by statute or contract, he or she will be deemed to have experienced a Termination of Employment as of the first day immediately following the end of such six-month period. Notwithstanding the foregoing, for purposes of the Plan, no payments of amounts subject to Section 409A of the Code shall be triggered by any Termination of Employment that is not considered to constitute a “separation from service” within the meaning of Section 409A(a)(2)(A)(i) of the Code and its related regulatory and administrative guidance, as determined by the Plan Administrator in its sole discretion.
Terminates or shall mean that an Employee’s employment on a full-time basis by the Company and its subsidiaries shall have ceased for any reason whatsoever (including by reason of death, permanent disability or adjudicated incompetency).
Terminates means, with respect to Executive, a Termination of Employment or Service, as applicable. “Termination of Employment or Service” means a termination of employment or service (for reasons other than a military or personal leave of absence granted by Cure TopCo) of Executive from the Company Group. Notwithstanding the foregoing, if no rights of Executive are reduced or adversely affected, the Compensation Committee may otherwise define Termination of Employment or Service thereafter, provided that any such change to the definition of the term “Termination of Employment or Service” does not subject the applicable Incentive LLC Units to Section 409A of the Code. 2. 83(b) Elections. After the issuance of the Corresponding Incentive Units and the Incentive LLC Units as contemplated by this Agreement, Aggregator shall execute and deliver to the Internal Revenue Service (the “IRS”) an election under Section 83(b) of the Code with respect to the Corresponding Incentive Units and Executive shall execute and deliver to the IRS an election under Section 83(b) of the Code in the form attached hereto as Appendix A with respect to the Incentive LLC Units (together the “83(b) Elections”). Executive understands that under Section 83(b) of the Code, regulations promulgated thereunder, and certain IRS administrative announcements, in the absence of an effective election under Section 83(b) of the Code, the excess of the fair market value of any Incentive LLC Units, on the date on which any forfeiture restrictions applicable to such Incentive LLC Units lapse, over the price paid for such Incentive LLC Units, could be reportable as ordinary income at that time. For this purpose, the term “forfeiture restrictions” includes the restrictions on transferability and the vesting and reversion conditions imposed under Sections 3 and 4 of this Agreement. Executive understands that (i) in making an 83(b) Election, Executive may be taxed at the time the Incentive LLC Units are received hereunder to the extent the fair market value of the Incentive LLC Units exceeds the price for such Incentive LLC Units and (ii) in order to be effective, the 83(b) Elections must be filed with the IRS within thirty (30) days after February 12, 2021. Executive hereby acknowledges that: (x) the foregoing description of the tax consequences of the 83(b) Elections is not intended to be complete and, among other things, does not describe state, local or foreign income and other tax consequences; (y) none of Cu...
Terminates. “Terminate” or “Termination” refers to a cessation of employment of a Transferring Employee initiated by the Purchaser or Designated Purchaser (including, but not limited to a termination by reason of redundancy) and, without limiting the generality of the foregoing, includes a layoff with no right of recall (applies only to Quebec Union Transferring Employees), and temporary layoffs deemed to be a termination of employment under applicable law.
Terminates shall also exclude a change in Employee's title or position with North Lily.
Terminates and similar terms) means Participant’s “separation from service” from the Company and its subsidiaries and affiliates within the meaning of Proposed Treasury Regulation § 1.409A-1(h) and any successor regulation.