Nonqualifying Termination

Nonqualifying Termination. The termination of an Executive's employment (i) by the Company for Cause, (ii) by the Executive for any reason other than Good Reason, (iii) as a result of the Executive's death, (iv) by the Company due to the Executive's absence from his or her duties with the Company on a full-time basis for at least three-hundred sixty-five (365) consecutive days as a result of the Executive's incapacity due to physical or mental illness, or (v) in connection with a sale of assets by the Company or one of... its affiliates if the Executive is offered comparable employment (as determined by the Committee) by the purchaser of such assets or one of its affiliates; provided, however, that employment shall not be deemed comparable if such purchaser does not agree to honor the terms of the Plan with respect to such Executive for the duration of such Executive's Termination Period or to provide other severance benefits that, in the aggregate, are at least as favorable as those provided under the Plan View More

Nonqualifying Termination. Means a termination of the Executive's employment: (1) by the Company or any of its Affiliates for Cause; (2) by the Executive for any reason other than a Good Reason; (3) as a result of the Executive's death; or (4) by the Company or any of its Affiliates due to the Executive's failure to perform his or her duties with the Company or its Affiliates on a full-time basis for at least 180 consecutive days as a result of the Executive's incapacity due to physical or mental illness.