Termination definition

Termination or “Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor to the Company or a Parent or Subsidiary of the Company. An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it may deem appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the “Termination Date”).

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Termination means an end to the Contract affected pursuant to a right which the Contract creates, other than for a Breach.

Termination means a Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

Examples of Termination in a sentence

• Termination under this Article does not preclude the terminating party from seeking damages against the other party.

• Notwithstanding anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c).

• The Participant may, at any time after the Termination Date, broadly direct a third party (including but not limited to employees of his/her subsequent employer) to negotiate, compete for, solicit, and execute such book roll over(s) or other book of business transfer arrangements, provided that (i) the Participant is not personally involved in such activities and (ii) the Participant does not direct such third party specifically to target business of the Travelers Group.

• In addition to the foregoing restriction, the Participant agrees not to be personally involved in the negotiation of, competition for, solicitation of, or execution of any individual book roll over(s) or other book of business transfer arrangements involving the transfer of business away from the Travelers Group, at any time during the term of the Participant’s employment or during the twenty-four month period following the Termination Date (the “Enhanced Restricted Period”).

• Utah: If Utah law controls, then the covenant not to compete contained in the Retirement Rule will expire twelve months after the Participant’s Termination Date, and the Enhanced Restricted Period will not cause it to extend any further.

More Definitions of Termination

Termination means the date of the cancellation of the Certificate of Formation of the Company following the end of the Winding Up Period by the filing of a Certificate of Cancellation of the Company with the Secretary of State of the State of Delaware.

Termination means the expiry or termination of this Agreement;

Termination means the termination of a Participant’s employment or service, as applicable, with the Service Recipient for any reason (including death or Disability).

Termination means termination of Executive’s employment either: (i) by the Employer or its successor, as the case may be, other than a Termination for Cause or any termination as a result of death or Disability; or (ii) by Executive for Good Reason.

Termination or "TERMINATED" means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, director, consultant, independent contractor or advisor to the Company or a Parent, Subsidiary or Affiliate of the Company, except in the case of sick leave, military leave, or any other leave of absence approved by the Committee, provided that such leave is for a period of not more than ninety (90) days, or reinstatement upon the expiration of such leave is guaranteed by contract or statute. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the "TERMINATION DATE").

Termination means the expiry or termination of this Agreement and the Rights hereunder;

Termination means the switching of Local Traffic at the terminating carrier's end office switch, or equivalent facility, and delivery of such traffic to the called party.