Qualifying Circumstance

Example Definitions of "Qualifying Circumstance"
Qualifying Circumstance. With reference to an interruption or termination of the Grantee's Continuous Status as an employee of the Employers, an interruption or termination that occurs due to the Grantee's death or Disability. 1
Qualifying Circumstance. With reference to an interruption or termination of the Grantee's Continuous Status as an employee of the Employers, a director, an interruption or termination that occurs due to the Grantee's death or Disability. 1
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Qualifying Circumstance. With reference to an interruption or termination of the Grantee's Continuous Status as an employee of the Employers, an interruption or termination (i) that occurs due to the Grantee's death or Disability, (ii) that occurs after the Grantee has attained age 62 and completed 25 years of service, or (iii) that the Compensation Committee determines (A) to be due to a reduction in force, reallocation of responsibilities or similar initiative of the Corporation or the Bank and (B)... to be unrelated to any dissatisfaction, merited or unmerited, with the Grantee's job performance. View More Arrow
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