Continuous Status as an Eligible Individual

Example Definitions of "Continuous Status as an Eligible Individual"
Continuous Status as an Eligible Individual. The absence of any interruption or termination of employment by or service with the Company. Continuous Status as an Eligible Individual shall not be considered interrupted in the case of sick leave or military leave, in the case of transfers between Employee, Consultant or Non-Employee Director status, or in the case of transfers between locations of the Company. The Committee shall have the sole discretion to determine whether any other leave of absence shall constitute an interruption or... termination of status as an employee. Notwithstanding the foregoing, the determination of whether an interruption or termination of employment or service has occurred shall be made in a manner consistent with Section 409A of the Code, to the extent necessary to avoid the adverse tax consequences thereunder View More
All Definitions