Define: termination of employment
What does "termination of employment" mean? The meaning differs based on the contract. We found 10 definitions across 11 companies in SEC filings.
Definition 1 (CVS HEALTH Corp, seen in 1 filing)
termination of employment means with respect to a Participant the complete cessation of providing service to the Company and any Affiliate as an employee.
Source: CVS HEALTH Corp 10-K
Definition 2 (Walmart Inc., seen in 1 filing)
termination of employment means a Participant ceasing to be actively employed by Walmart and its Related Affiliates.
Source: Walmart Inc. 10-K
Definition 3 (DANAHER CORP /DE/, seen in 1 filing)
termination of employment means the date on which the Optionee is no longer actively providing services to the Company (including, for this purpose, all Eligible Subsidiaries) for any reason, whether such termination is occasioned by the Optionee; by the Company or any of its Eligible Subsidiaries, with or without cause, and whether or not later found to be invalid or unlawful; by mutual agreement or by operation of law.
Source: DANAHER CORP /DE/ 10-K
Definition 4 (DANAHER CORP /DE/, seen in 1 filing)
termination of employment means the date on which the Participant is no longer actively providing services to the Company (including, for this purpose, all Eligible Subsidiaries) for any reason, whether such termination is occasioned by the Participant, by the Company or any of its Eligible Subsidiaries, with or without cause, and whether or not later found to be invalid or unlawful; by mutual agreement or by operation of law.
Source: DANAHER CORP /DE/ 10-K
Definition 5 (CISCO SYSTEMS, INC., seen in 1 filing)
termination of employment means the separation from service with all Employers, voluntarily or involuntarily, for any reason other than Disability or death, as determined in accordance with Code Section 409A. For this purpose, the definition of service recipient for purposes of determining whether a separation from service has occurred for purposes of Code Section 409A shall be determined by utilizing the twenty percent (20%) tests described in section 1.409A-1(h) of the Code Section 409A regulations to the extent permitted under such regulations.
Source: CISCO SYSTEMS, INC. 10-K
Definition 6 (CONOCOPHILLIPS, seen in 1 filing)
termination of employment means when you cease for any reason to be employed by the Company and the Participating Companies (as determined in accordance with the policies and practices of the Participating Company for whom you were last performing services, including any policies applicable to leaves of absence).
Source: CONOCOPHILLIPS 10-Q
Definition 7 (COMCAST CORP, seen in 1 filing)
termination of employment means the Grantee s termination of employment with the Company Group. For purposes of the Plan and this Agreement, the Grantee s Termination of Employment occurs on the date the Grantee ceases to have a regular obligation to perform services for the Company Group, without regard to whether (i) the Grantee continues on the payroll of the Company for regular, severance or other pay or (ii) the Grantee continues to participate in one or more health and welfare plans maintained by the Company Group on the same basis as active employees. Whether the Grantee ceases to have a regular obligation to perform services for the Company Group shall be determined by the Committee in its sole discretion. Notwithstanding the foregoing, if the Grantee is a party to an employment agreement or severance agreement with the Company which establishes the effective date of the Grantee s termination of employment for purposes of this Agreement, that date shall apply.
Source: COMCAST CORP 10-K
Definition 8 (Broadcom Inc., seen in 1 filing)
termination of employment means the time when the employee-employer relationship between Participant and the Company or any Subsidiary is terminated for any reason, with or without cause, including, without limitation, a termination by resignation, discharge, death or disability; but excluding: (i) terminations where there is a simultaneous reemployment or continuing employment of Participant by the Company or any Subsidiary, including, without limitation, if Participant becomes the Company's Executive Chairman and (ii) terminations where there is a simultaneous establishment of a consulting relationship or continuing consulting relationship between Participant and the Company or any Subsidiary.
Source: Broadcom Inc. 8-K
Definition 9 (Expedia Group, Inc., seen in 1 filing)
termination of employment means the date the Participant is no longer actively providing services to the Corporation or any Subsidiary or Affiliate (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or providing services, or the terms of the Participant’s employment or service agreement, if any).
Source: Expedia Group, Inc. 10-Q
Definition 10 (Expedia Group, Inc., seen in 1 filing)
termination of employment means the date the Participant is no longer actively providing services to the Corporation or any Subsidiary or Affiliate (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or providing services, or the terms of the Participant s employment or service agreement, if any).
Source: Expedia Group, Inc. 10-Q
Data extracted from 26 SEC EDGAR filings across 11 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.