Covered Termination

Example Definitions of "Covered Termination"
Covered Termination. Means the termination of any Participant that occurs (i) involuntarily by the Company for reasons other than Cause, death or disability or (ii), only during a Change in Control Period, voluntarily by the Participant for Good Reason. For the avoidance of doubt, a termination shall not be considered a Covered Termination if a Participant voluntarily terminates his/her employment for any reason, including for Good Reason, outside of a Change in Control Period.
Covered Termination. A termination designated by the Plan Administrator as (i) a Change in Control Termination or (ii) solely for Covered Employees who are Executives, a Non-Change in Control Termination. The Plan Administrator shall determine whether a particular termination is a Change in Control Termination or a Non-Change in Control Termination, and may determine, based on the facts and circumstances, that a termination does not qualify as a Covered Termination. For the avoidance of doubt, any employee of the... Company who is not an Executive who experiences a Termination Without Cause or a Resignation for Good Reason in either case prior to or more than twelve (12) months after the closing of a Change in Control, shall not have experienced a Covered Termination and shall not be entitled to receive any payments or benefits under this Plan. View More Arrow
Covered Termination. A Covered Executive's Separation from Service that is designated by the Plan Administrator as (i) an Involuntary Termination or (ii) a Change of Control Termination. The Plan Administrator shall determine whether a particular Separation for Service is an Involuntary Termination or a Change of Control Termination, and may determine, based on the facts and circumstances, that a Separation from Service does not qualify as a Covered Termination
Covered Termination. An involuntary termination of the Executive's employment with the Company and its affiliates by the Company for a reason other than Cause or, on or after a Control Change Date, the Executive's resignation from employment with the Company and its affiliates with Good Reason. A cessation of the Executive's employment with the Company and its affiliates on account of the Executive's death or Disability is not a Covered Termination. A cessation of the Executive's employment with the Company and its... affiliates is not a Covered Termination if (i) such employment ends in connection with, or related to, a Transaction and (ii) the Executive accepts an offer of employment or becomes an employee or otherwise provides services to the Buyer View More Arrow
Covered Termination. A termination designated by the Plan Administrator as (i) a Change in Control Termination or (ii) a Non-Change in Control Termination. The Plan Administrator shall determine whether a particular termination is a Change in Control Termination or a Non-Change in Control Termination, and may determine, based on the facts and circumstances, that a termination does not qualify as a Covered Termination.
Covered Termination. Shall mean a termination by the Company of the employee other than for Cause or by reason of the employee's death or Disability, or a resignation by the employee for Good Reason.
Covered Termination. An Involuntary Termination or a Participant's resignation for Good Reason, in either case, resulting in a Separation from Service
Covered Termination. Shall mean the Executive's Separation from Service by the Company for any reason other than for Cause or by the Executive for Good Reason.
Covered Termination. Means Executive's dismissal or discharge for reasons other than Cause (and other than as a result of death or disability), or Executive's termination of employment for Good Reason, either of which occurs within twelve (12) months following the effective date of a Change in Control.
All Definitions