Separates from Service

Separates from Service. The Participant's termination of service as a non-employee director and as an employee of the Company for any reason other than death

Separates from Service. Employee's separation from service with the Corporation as a result of death, retirement, or any other reason, except that for purposes of this Section 2.16 the employment relationship is treated as continuing intact while Employee is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as Employee retains a right to reemployment with the Corporation under an applicable statute or by contract. For... purposes of this Section 2.16 a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Employee will return to perform services for the Corporation. If the period of leave exceeds six months and Employee does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six-month period. Notwithstanding the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes Employee to be unable to perform the duties of his position of employment or any substantially similar position of employment, a 29-month period of absence shall be substituted for such six-month period. Whether an Employee has a Separation from Service shall be determined in accordance with the provisions of Section 409A, any regulations thereunder, and any other applicable guidance. View More

Separates from Service. The Director's termination of service as a member of the Board (and the board of directors of all subsidiaries, if applicable) for any reason other than death. A Separation from Service shall be determined in accordance with Section 409A of the Code and shall be deemed to have occurred when the Director's service to the Company ceases, without reference to any compensation continuation arrangement that may be applicable.