Termination of Employment

Termination of Employment. Shall mean: (i) any termination by the Company of the employment of a Participant for any reason other than for Cause within a period of two (2) years following a Change of Control; or (ii) voluntary termination by a Participant of his/her employment within a period of two (2) years following a Change of Control and subsequent to the occurrence without the Executive's written consent, of (A) a material and adverse change in the Participant's status, authority, duties, functions, or benefits... relative to those most favorable to the Participant in effect at any time during the 180-day period prior to the Change of Control or, to the extent more favorable to the Participant, those in effect after the Change of Control, (B) any reduction in the Participant's base salary or percentage of base salary available as an incentive compensation or bonus opportunity relative to those most favorable to the Participant in effect at any time during the 180-day period prior to the Change of Control or, to the extent more favorable to the Participant, those in effect after the Change of Control, or the failure to pay the Participant's base salary or earned incentive compensation or bonus when due, (C) the relocation of the Participant's principal place of employment to a location more than 50 miles from the Participant's principal place of employment immediately prior to the Change of Control, (D) the Company's requiring the Participant to travel on Company business to a materially greater extent than was required immediately prior to the Change of Control, or (E) the failure of the Company to obtain from a successor the assumption and agreement to perform under any employment or change of control agreement; provided, that the Participant shall have given written notice to the Company of the occurrence of an event or circumstance described in clause (A)-(E) above within ninety (90) days following such occurrence and the Company shall have failed to remedy such event or circumstances within thirty (30) days following its receipt of such notice. View More

Termination of Employment. The termination of the Participant's employment with the Company or a Subsidiary, but not the transfer of employment from the Company to a Subsidiary of the Company or vice versa or from one Subsidiary of the Company to another such Subsidiary. If the Board in its sole discretion so determines, employment shall not be considered as terminated for the purposes of Section 3.1 so long as Participant continues to perform services for the Company or a Subsidiary thereof on either a full or part time... basis View More

Termination of Employment. Means a Participant's "separation from service" with the Company within the meaning of Section 409A and any related administrative policies of the Company.

Termination of Employment. The Executive's separation from service with the Company for any reason. Notwithstanding the foregoing, the Executive will not be considered to have a separation from service while the Executive is on military leave, sick leave, vacation or other bona fide leave of absence.

Termination of Employment. The termination of the applicable Participant's employment with, or performance of services for, the Corporation and any of its Subsidiaries or Affiliates. Unless otherwise determined by the Committee, (i) if a Participant's employment with the Corporation and its Affiliates terminates, but such Participant continues to provide services to the Corporation and its Affiliates in a non-employee capacity, such change in status shall not be deemed a Termination of Employment and (ii) a Participant... employed by, or performing services for, a Subsidiary or an Affiliate, or a division of the Corporation and its Affiliates, shall also be deemed to incur a Termination of Employment if, as a result of a Disaffiliation, such Subsidiary, Affiliate or division ceases to be a Subsidiary, Affiliate or division, as the case may be, and the Participant does not immediately thereafter become an employee of, or service provider for the Corporation, or another Subsidiary or Affiliate. Temporary absences from employment because of illness, vacation or leave of absence, and transfers among the Corporation and its Subsidiaries and Affiliates, shall not be considered Terminations of Employment. Notwithstanding the foregoing provisions of this definition, with respect to any Award that constitutes a "non-qualified deferred compensation plan" within the meaning of Code section 409A, a Participant shall not be considered to have experienced a Termination of Employment, unless the Participant has experienced a "separation from service" within the meaning of Code section 409A (a "Separation from Service") View More

Termination of Employment. An Employee's complete termination of employment with Medtronic plc and all of its Subsidiaries. In the event that any Subsidiary of Medtronic plc ceases to be a Subsidiary of Medtronic plc, the Employees of such Subsidiary shall be considered to have terminated their employment as of the date such Subsidiary ceases to be a Subsidiary, whether or not they continue in employment with such former Subsidiary

Termination of Employment. Shall mean a separation from service as defined under Code Section 409A and Treas. Reg. § 1.409A-1(h) (or any successor provision). For this purpose, a Participant shall have a Termination of Employment if the Participant ceases to be an employee of his Employer and all persons with whom the Employer shall be considered a single employer under Code Section 414(b) or (c) (the "Employer Group"). A Participant shall have a Termination of Employment if it is reasonably anticipated that no further... services shall be performed by the Participant for the Employer Group, or that the level of services the Participant shall perform shall permanently decrease to no more than 20 percent of the average level of services performed by the Participant over the immediately preceding 36-month period (or the Participant's full period of service, if the Participant has been performing services for less than 36 months) View More

Termination of Employment. Means the termination of the Employment Period under the Employment Agreement.

Termination of Employment. Termination of Employment occurs on the first day on which an individual is for any reason no longer employed by the Company or any of its Subsidiaries, or with respect to an individual who is an employee of a Subsidiary, the first day on which it no longer qualifies as a Subsidiary. For purposes of this RSU Award Agreement, transfer of employment of the Grantee between the Company and any one of its Subsidiaries (or between Subsidiaries) shall not be deemed a termination of employment.... Notwithstanding anything else herein to the contrary, no issuance of shares of Stock shall be made upon a Termination of Employment with respect to this RSU Award unless the Termination of Employment constitutes a "separation from service" as that term is used in Code Section 409A(a)(2)(A)(i). View More

Termination of Employment. Shall mean a separation from service from the Company and all of its controlled group members (as defined by Section 1563 of the Code).