Example ContractsClauseseffect of separation from service as directorVariants
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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].

Termination of Employment to Constitute aas Separation from ServiceService. The parties intend thattermination of Executive's employment on the phrase “termination of employment” and words and phrases of similar import meanTermination Date constitutes a separation"separation from service” with service" within the meaning of [Section 409A]. Employee and will take all steps necessary (including taking into account this [Section B.4] when considering for purposes of 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 constitutesor other arrangement providing for the payment of any amounts or benefits subject to Section 409A upon or following a separation"separation from serviceservice" 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 Employment Termination Date is the date on which Employee experiences a “separation from service” within the meaning of [Section 409A].Date.

Termination of Employment to Constitute aas 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 # anyService. A termination of employment undershall not be deemed to have occurred for purposes of any provision of this Agreement constitutesproviding 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], and # the Employment Termination Date is the date on which Employee experiencesfor purposes of any such provision of this Agreement, references to a separation“resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service” within the meaning of [Section 409A].service.

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