Involuntary Separation from Service

Example Definitions of "Involuntary Separation from Service"
Involuntary Separation from Service. Separation from Service due to the independent exercise of the unilateral authority of the Service Recipient to terminate the Executive's services, other than due to the Executive's implicit or explicit request, where the Executive was willing and able to continue performing services, within the meaning of Code section 409A and Treasury Regulation section 1.409A-1(n)(1) or any successor thereto
Found in J. C. Penney Company, Inc. contract
Involuntary Separation from Service. The Executive's Separation from Service due to the independent exercise of the unilateral authority of the Service Recipient Corporation to terminate the Executive's services, other than due to the Executive's implicit or explicit request, where the Executive was willing and able to continue performing services, within the meaning of Code section 409A of the Code and Treasury Regulation section 1.409A-1(n)(1) or any successor thereto thereto.
Found in J. C. Penney Company, Inc. contract
Involuntary Separation from Service. The Executive's Separation from Service due to the independent exercise of the unilateral authority of the Service Recipient Corporation to terminate the Executive's services, other than due to the Executive's implicit or explicit request, where the Executive was willing and able to continue performing services, within the meaning of Code section 409A of the Code and Treasury Regulation section 1.409A-1(n)(1) or any successor thereto thereto.
Found in J. C. Penney Company, Inc. contract
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Involuntary Separation from Service. Shall have the meaning set forth in Treasury Regulations ยง 1.409A-1(n).
Found in Crocs, Inc. contract
Involuntary Separation from Service. Means a Participant's Termination of Employment with the Company for reasons other than Cause, death of the Participant, or Disability. A Constructive Discharge shall only be considered an Involuntary Separation from Service if such Constructive Discharge complies with the timing, notice and other requirements of Section 3.2B.
Found in STERLING FINANCIAL CORP contract
Involuntary Separation from Service. Means a Separation form Service without Cause due to: 2 (a) a reduction in work force (including layoffs and consolidations of operations); (b) the transfer of work to another location; or (c) a determination that an Employee's ability to satisfy the criteria of his position has declined through no fault of the Employee as determined in the sole discretion of the Plan... Administrator. For purposes of the Plan, an Involuntary Separation from Service includes a Separation from Service for Good Reason, provided that the Separation from Service occurs within two (2) years following the initial existence of Good Reason. The foregoing definition is intended to meet the definition of an "involuntary separation from service" within the meaning of Treasury Regulations Section 1.409A-1(n)(1), and the safe harbor under Treasury Regulations Section 1.409A-1(n)(2)(ii) for treating a "voluntary separation from service" as an Involuntary Separation from Service, and both shall be interpreted, construed, administered, and applied consistently therewith. View More Arrow
Found in Walter Energy, Inc. contract
Involuntary Separation from Service. Shall mean any Separation from Service that is either an Involuntary Termination Without Cause or a Voluntary Termination for Good Reason.
Found in FLEX LTD. contract
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