Termination of Service

Example Definitions of "Termination of Service"
Termination of Service. The termination of the Participant's service with the Company and its Subsidiaries. A Participant generally shall be considered to have incurred a Termination of Service if his or her employer ceases to be a Subsidiary. All determinations relating to whether the Participant has incurred a Termination of Service and the effect thereof shall be made by the Committee, including whether a leave of absence shall constitute a Termination of Service, subject to applicable law.
Termination of Service. Means a "separation from service" within the meaning of Section 409A of the Code and the final treasury regulations issued thereunder.
Termination of Service. The termination of employment of an employee by the Company and all Subsidiaries or the termination of service by an Non-employee Director as a member of the board of directors of the Company and all Subsidiaries. A Participant's service shall not be deemed to have terminated because of a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant's service. Furthermore, a Participant's service with the Company... shall not be deemed to have terminated if the Participant takes any military leave, sick leave, or other bona fide leave of absence approved by the Company or a Subsidiary; provided, however, that if any such leave exceeds 90 days, on the 91st day of such leave the Participant's service shall be deemed to have terminated unless the Participant's leave of absence is approved by the Committee. The Participant's service shall be deemed to have terminated upon the entity for which the Participant performs service ceasing to be a Subsidiary (or any successor). Subject to the foregoing, the Company, in its discretion, shall determine whether a Participant's service has terminated and the effective date of such termination. View More
Termination of Service. In the case of an Employee, the termination of all employment relationships between the Employee and the Company and any Subsidiary, and in the case of an individual or entity who is not an Employee, the termination of all service relationships between the individual and the Company and any Subsidiary. If a Participant's relationship with the Company changes but, after the change, the Participant continues to be an Employee, Director, Advisor or Consultant, then no Termination of Service shall... be deemed to have occurred by reason of such change View More
Termination of Service. A cessation of the employee-employer or independent contractor or other service provider relationship between a Service Provider and the Company Group, including without limitation a termination by resignation, discharge, death, Disability, retirement, or the disaffiliation of a Parent, Subsidiary or Affiliate. For purposes of the Plan, transfer of a Service Provider between any members of the Company Group (for example, between the Company and a Subsidiary) will not be deemed a Termination of... Service View More
Termination of Service. Means (1) with respect to an Award granted to an employee, the termination of the employment relationship between the employee and the Company; (2) with respect to an Award granted to a consultant, the termination of the consulting or advisory arrangement between the consultant and the Company; and (3) with respect to an Award granted to a non-employee director, the cessation of the provision of services as a director of the Company. A Termination of Service shall not be deemed to have resulted... by reason of a bona fide leave of absence approved by the Company. Notwithstanding the foregoing, if the Participant's status changes from employee, consultant or non-employee director to any other status eligible to receive an Award under the Plan, no Termination of Service shall occur for purposes of the Plan until the Participant's new status with the Company terminates. View More
Termination of Service. Means the date the Participant ceases to be an employee, consultant or Director of the Company or a Subsidiary (as defined in the 2021 Equity Incentive Plan)
Termination of Service. Termination for any reason, including, without limitation, death, disability, resignation, retirement or termination with or without Cause, at any time, of a Participant's employment with the Company or its Subsidiaries, but excluding any termination which includes simultaneous reemployment or continuous employment of the Participant by the Company and its Subsidiaries. The Administrator shall determine the effect of all matters and questions relating to Terminations of Service, including,... without limitation, the question of whether a Termination of Service has occurred, whether any Termination of Service resulted from a discharge for Cause and all questions of whether any particular leave of absence constitutes a Termination of Service. Notwithstanding the foregoing, if a Termination of Service constitutes a payment event with respect to any Award that provides for the deferral of compensation and is subject to Section 409A of the Code, such Termination of Service must also constitute a separation from service, as defined in Treasury Regulation ยง1.409A-1(h), to the extent required by Section 409A of the Code. View More
Termination of Service. When an Optionee who is (i) an employee of the Company or any Subsidiary ceases to serve as an employee of the Company and its Subsidiaries, for any reason; (ii) an outside director of the Company or a Subsidiary ceases to serve as a director of the Company and its Subsidiaries for any reason; or (iii) a contractor of the Company or a Subsidiary ceases to serve as a contractor of the Company and its Subsidiaries for any reason. Except as may be necessary or desirable to comply with applicable... federal or state law, a "Termination of Service" shall not be deemed to have occurred when an Optionee who is an employee becomes an outside director or contractor or vice versa View More
Termination of Service. Unless otherwise determined by the Administrator, the date that a Participant ceases to provide service, in any capacity, to the Company and its Affiliates in accordance with the following: (i) a Participant who transfers employment between the Company and one of its Affiliates, or between Affiliates, will not be considered to have a Termination of Service as a result of such transfer; (ii) a Participant who ceases to be a Non-Employee Director, a non-employee director of an Affiliate, or a... consultant or advisor because he or she becomes an employee of the Company or an Affiliate shall not be considered to have Termination of Service as a result of such change in status; (iii) a Participant who ceases to be employed by the Company or an Affiliate and immediately thereafter becomes a Non-Employee Director, a non-employee director of an Affiliate, or a consultant to the Company or any Affiliate shall not be considered to have a Termination of Service as a result of such change in status; (iv) a Participant employed by an Affiliate will be considered to have a Termination of Service when such entity ceases to be an Affiliate; and (v) unless prohibited by law, the Administrator may treat as an individual who is placed on a leave of absence pending termination as having incurred a Termination of Service at the beginning of such leave. View More
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