Separation From Service

Separation From Service. A termination of the Executive's employment with the Bank and all affiliated companies that, together with the Bank, constitute the ‘service recipient' within the meaning of Code Section 409A and the regulations thereunder that constitutes a ‘separation from service' within the meaning of Code Section 409A and the regulations thereunder

Separation From Service. A termination of the Executive's employment where either (i) the Executive has ceased to perform any services for the Employer and all affiliated companies that, together with the Employer, constitute the 'service recipient' within the meaning of Code Section 409A and the regulations thereunder (collectively, the 'Service Recipient') or (ii) the level of bona fide services the Executive performs for the Service Recipient after a given date (whether as an employee or as an independent... contractor) permanently decreases (excluding either a decrease as a result of military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or if longer, so long as the Executive retains a right to reemployment with the Service Recipient under an applicable statute or by contract or any other decrease permitted under Code Section 409A) to no more than twenty percent (20%) of the average level of bona fide services performed for the Service Recipient (whether as an employee or an independent contractor) over the immediately preceding 36-month period (or the full period of service if the Executive has been providing services to the Service Recipient for less than 36 months), consistent with a 'separation from service' within the meaning of Code Section 409A View More

Separation From Service. A Participant's separation from service from the Company and its Affiliates within the meaning of Section 409A of the Code

Separation From Service. The Participant resigns, dies, retires or otherwise has a termination of employment with the Company and its Affiliates subject to the following additional rules and the requirements of Code Section 409A. A Separation from Service shall occur where it is reasonably anticipated that no further services will be performed after that date or that the level of bona fide services the Participant will perform after that date (whether as an employee or independent contractor) will permanently decrease... to less than 50% of the average level of bona fide services performed over the immediately preceding thirty-six (36) month period. A Participant shall be considered to continue employment and to not have a Separation from Service while on a leave of absence if the leave does not exceed 6 consecutive months (29 months for a disability leave of absence) or, if longer, so long as the Participant retains a right to reemployment with the Company or an Affiliate under an applicable statute or by contract. For this purpose, a View More

Separation From Service. A "separation from service" with the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder.

Separation From Service. A "separation from service" from the Corporation, within the meaning of Section 409A and the regulations promulgated thereunder

Separation From Service. With respect to Awards that are subject to Section 409A, means a Participant's Termination of Employment with the Company and any of its Subsidiaries or Affiliated Companies, other than by reason of death or Disability, that qualifies as a ‘separation from service' for purposes of Section 409A. A Separation from Service will be deemed to occur where the Participant and the Company, its Subsidiary or its Affiliated Company reasonably anticipate that the bona fide level of services the... Participant will perform (whether as an employee or as an independent contractor) will be permanently reduced to a level that is 49% or less of the average level of bona fide services the Participant performed during the immediately preceding 36 months (or the entire period the Participant has provided services if the Participant has been providing services to the Company and any of its Subsidiaries or Affiliated Companies for less than 36 months). View More

Separation From Service. Shall mean Executive's separation from service (within the meaning of Code Section 409A) from 22nd Century and its Affiliates. 4

Separation From Service. Shall mean any voluntary or involuntary termination of an Optionee's employment with the Corporation or an Affiliate for any reason, including, without limitation, disability or retirement, but shall not include termination of employment by reason of an Optionee's death or by reason of his or her transfer from the Corporation or Affiliate to the Corporation or an Affiliate.

Separation From Service. Of a Participant, means the Participant's cessation of services for the Corporation as an Outside Director, provided that the Corporation does not then anticipate that the Outside Director will perform future services for the Corporation as an Outside Director (or other independent contractor). .