Common use of Termination of Employment Change of Control Clause in Contracts

Termination of Employment Change of Control. (a) For purposes of the grant hereunder, any transfer of employment by the Grantee among the Company and its Subsidiaries shall not be considered a termination of employment. Any change in employment that does not constitute a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations (or any successor provision) shall not be considered a termination of employment. Any change in employment that does constitute a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations (or any successor provision) shall be considered a termination of employment.

Termination of Employment Change of Control. (a) For purposes of the grant hereunder, any transfer of employment by the Grantee among within the Company and its Subsidiaries shall not be considered a termination of employment. Any Hexcel Group or any other change in employment that does not constitute a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations (or any successor provision) ), shall not be considered a termination of employmentemployment by the applicable member of the Hexcel Group. Any change in employment that does constitute a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations (or any successor provision) shall be considered a termination of employment.

Termination of Employment Change of Control. (a) For purposes of the grant hereunder, any transfer of employment by the Grantee among the Company and any of its Subsidiaries shall not be considered a termination of employment. Any or any other change in employment that does not constitute a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations (or any successor provision) ), shall not be considered a termination of employmentemployment by the Company or a Subsidiary. Any change in employment that does constitute a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations (or any successor provision) shall be considered a termination of employment.