Termination of Employment

Termination of Employment. The Executive's separation from service within the meaning of Code Section 409A(a)(2)(A)(i). For the avoidance of doubt, the failure to renew the Term of this Agreement pursuant to Section 1 hereof shall not constitute Termination of Employment.

Termination of Employment. Or "Termination" means the date the Bank reasonably anticipates that (i) Executive will not perform any further services for the Bank, Bancorp, or any other entity considered a single employer with the Bank under Section 414(b) or (c) of the Code (inserting 50% threshold for ownership in each place where 80% now appears therein) (the "Employer Group"), or (ii) the level of bona fide services Executive will perform for the Employer Group after that date will permanently decrease to less than 20%... of the average level of bona fide services performed over the previous 36 months (or if shorter, over the duration of service). For this purpose, service performed as an employee or as an independent contractor is counted, except that service as a member of the Board of an Employer Group entity is not counted unless benefits under this Agreement are aggregated with benefits under any other Employer Group plan or agreement in which Executive also participates as a director. An Executive will not be treated as having a Termination of Employment while on military leave, sick leave or other bona fide leave of absence if the leave does not exceed six months or, if longer, the period during which Executive has a reemployment right under statute or contract. If a bona fide leave of absence extends beyond six months, Executive will be considered to have a Termination of Employment on the first day after the end of such six month period, or on the day after Executive's statutory or contractual reemployment right lapses, if later. The Company will determine when Executive's Termination of Employment occurs based on all relevant facts and circumstances, in accordance with the definition of separation from service in Treasury Regulation Section 1.409A-1(h). View More

Termination of Employment. A complete and good faith severance of the employment relationship with the Employer without a contemporaneous transfer of employment to an Affiliate or to a joint venture entity in which the Employer or any Affiliate has an equity interest

Termination of Employment. A Participant's "separation from service" with the Company and the Subsidiaries and affiliates by which the Participant is employed, as defined in Code Section 409A (which definition does not include a termination of employment due to death)

Termination of Employment. (i) In General. Termination of Employment means the termination of the employee-employer relationship between an Employee and the Company or a Subsidiary, or the termination of service as a member of the Board, regardless of the fact that severance or similar payments are made to the Participant, for any reason, including, but not limited to, a Voluntary Resignation, Involuntary Termination, termination for Cause, death, Disability or Retirement. The Committee shall, in its absolute discretion,... determine the effect of all matters and questions relating to a Termination of Employment, including, but not by way of limitation, the question of whether a leave of absence constitutes a Termination of Employment, or whether a Termination of Employment is for Cause. If a Participant is both an Employee and a member of the Board or if a Participant ceases to be an Employee or Board member and immediately commences service in the other capacity, then a Termination of Employment shall occur when the Participant is neither an Employee nor a member of the Board. (ii) Special Provisions Relating to Section 409A of the Code. (A) To the extent compliance with the requirements of Treasury Regulation § 1.409A-3(i)(2) (or any successor provision) is necessary to avoid the application of an additional tax under section 409A of the Code to payments due to a Participant upon or following his Termination of Employment, then notwithstanding any other provision of the Program, any such payments that are otherwise due within six months following the Participant's Termination of Employment, including but not limited to payments described in Section 12(d), will be deferred and paid to the Participant in a lump sum immediately following that six-month period. (B) Notwithstanding any other provision of the Program to the contrary, any payment or benefit provided to a Participant upon or following his or her Termination of Employment that represents a deferral of compensation within the meaning of section 409A of the Code shall only be paid or provided to the Participant upon his or her separation from service within the meaning of Treas. Reg. § 1.409A-1(h) (or any successor regulation). View More

Termination of Employment. Subject to Section 13, the cessation of a Participant's employment relationship with the Company or a Subsidiary such that the Participant is determined by the Company to no longer be an Employee of the Company or such Subsidiary, as applicable; provided, however, that, unless the Company determines otherwise, such cessation of the Participant's employment with the Company or a Subsidiary, where the Participant's employment for the Company continues at another Subsidiary, shall not be deemed a... cessation of employment or service that would constitute a Termination of Employment; provided, further, that a Termination of Employment shall be deemed to occur for a Participant employed by a Subsidiary when the Subsidiary ceases to be a Subsidiary unless such Participant's employment continues with the Company or another Subsidiary. The chief people and employee experience officer of the Company (or such individual holding comparable roles in the event of a restructuring of positions or re-designation of titles) shall have the binding authority to determine whether a Participant has had a cessation of his or her employment with the Company or a Subsidiary View More

Termination of Employment. Means the Employee's separation from service with USCF, or USCF Advisers, and/or their Affiliates, pursuant to that certain Offer of Promotion and Employment in New Role between the Employee and USCF, dated May 12, 2015 (the "2015 Agreement") for any reason, including, but not limited to, within the meaning of Section 409A of the Code. Notwithstanding the foregoing, the Employee will not be considered to have a separation from service while the Employee is on military leave, sick leave,... vacation or other bona fide leave of absence. View More

Termination of Employment. The Employee's separation from service with the Company within the meaning of Treas. Reg. § 1.409A-1(h)(1)(ii)

Termination of Employment. A cessation of the employee-employer relationship between an Employee and the Company Group

Termination of Employment. Means the time when the Employee is no longer employed by any Omnicom Affiliate for any reason whatsoever, as determined by Omnicom or an Omnicom Affiliate.