Termination of Services definition

Termination of Services means the time when (i) every relationship between the Participant and the Company has been terminated by a Termination of Consultancy, Termination of Directorship and/or Termination of Employment, as applicable, and (ii) the Participant is no longer an Eligible Person under the Plan.
Termination of Services means the last to occur of a Participant’s Termination of Consultancy or Termination of Employment, as applicable. A Participant shall not be deemed to have a Termination of Services merely because of a change in the capacity in which the Participant renders service to the Company or any Subsidiary (i.e., a Participant who is an Employee becomes a Consultant) or a change in the entity for which the Participant renders such service (i.e., an Employee of the Company becomes an Employee of a Subsidiary), unless following such change in capacity or service the Participant is no longer serving as an Employee or Consultant of the Company or any Subsidiary.

Examples of Termination of Services in a sentence

  • GENERAL REGULATIONS (Cont'd) 2.1 Undertaking of the Telephone Company (Cont'd) 2.1.5 Installation and Termination of Services (Cont'd) to extend Access Service facilities will be provided, at the customer's request, on a time sensitive charge basis.


More Definitions of Termination of Services

Termination of Services means termination of the relationship with the Company so that an individual is no longer a director of the Company.
Termination of Services means (i) if the Management Limited Partner is an employee of the Partnership or any Subsidiary, the termination of the Management Limited Partner’s employment with the Partnership and each Subsidiary as to which such Management Limited Partner is an employee for any reason, (ii) if the Management Limited Partner is a consultant to the Partnership or any Subsidiary, the termination of the Management Limited Partner’s consulting relationship with the Partnership or its Subsidiary for any reason, and (iii) if the Management Limited Partner is a non-employee members of the board of directors of a Subsidiary of the Partnership, the termination of the Management Limited Partner’s directorship with the Subsidiary for any reason.
Termination of Services means: (a) a termination of employment or service as a professional, consultant, partner or member (for reasons other than a military or approved personal leave of absence) of a Participant from the Partnership and its Affiliates; or (b) when an entity that is employing a Participant, or of which the Participant is a Service Provider, ceases to be an Affiliate of the Partnership, unless the Participant otherwise is, or thereupon becomes a Service Provider of, the Partnership or another Affiliate of the Partnership. If a Service Provider becomes a Non-Employee Director upon his or her Termination of Services, unless otherwise determined by the Committee no Termination shall be deemed to occur until such time as such Service Provider is no longer a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Services for any Service Provider in any Award agreement and, if no rights of a Service Provider are substantially impaired, may otherwise amend the definition of Termination of Services from time to time.
Termination of Services means the last to occur of Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.
Termination of Services means Participant’s Termination of Employment.