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Effect of Separation From Service as Director
Effect of Separation From Service as Director contract clause examples
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Termination as Separation from Service. The termination of Executive's employment on the Termination Date constitutes a "separation from service" within the meaning of [Section 409A] for purposes of any provision of this Agreement or other arrangement providing for the payment of any amounts or benefits subject to Section 409A upon or following a "separation from service" within the meaning of [Section 409A], and for purposes of any such provision of this Agreement, references to a "resignation from employment," "termination," "terminate," "termination of employment" or like terms shall also refer to Executive's "separation from service" on the Termination Date.

Date of Termination” means the date of Executive’s separation from service with . For purposes of this Agreement, the term “separation from service” shall be defined as provided in Section 409A of the Code and applicable regulations.

A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination constitutes a “Separation from Service” within the meaning of [Section 409A] and, for purposes of any such provision of this Agreement references to a “termination,” “termination of employment,” or like terms shall mean Separation from Service.

Separation from Service” means a “separation from service” within the meaning of § 409A of the Code which occurs in connection with Executive’s termination of employment, and the Company and Executive acknowledge and agree that such a “separation from service” may come before, after or coincide with Executive’s Date of Termination.

A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of [Section 409A].

"Termination of employment," "Termination Date," "date of termination" or words of similar import, as used in this Agreement mean, for purposes of any payments under this Agreement that are payments of deferred compensation subject to Section 409A of the Code, Executive's "separation from service" as defined in Treasury Regulation § 1.409A-1(h).

For purposes of this Agreement, "Termination Date" means: the effective date of Executive's "separation from service" as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the "Code")..

Termination Date” means the date that the Executive has a “separation of service,” as such term is used in Code Section 409A, regardless of the reason for termination of employment or whether a Change in Control has occurred.

A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” (within the meaning of Section 409A of the Code).

For purposes of this Agreement, “Separation from Service” will have the meaning set forth in [Section 409A] and all references to termination of employment and similar references will be deemed to be references to “Separation from Service” within the meaning of [Section 409A].

Termination of Employment to Constitute a Separation from Service The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with within the meaning of [Section 409A]. Employee and will take all steps necessary (including taking into account this [Section B.4] when considering any further agreement regarding provision of services by Employee to after the Employment Termination Date) to ensure that # any termination of employment under this Agreement constitutes a “separation from service” within the meaning of [Section 409A], and # the Employment Termination Date is the date on which Employee experiences a “separation from service” within the meaning of [Section 409A].

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