Common use of Service with Affiliates Clause in Contracts

Service with Affiliates. For purposes of determining whether a separation from service has occurred under the above provisions, the “Company” shall include the Company and all entities that would be treated as a single employer with the Company under Section 414(b) or (c) of the Internal Revenue Code of 1986, as amended (the “Code”), but substituting “at least 50 percent” instead of “at least 80 percent” each place it appears in applying such rules.

Appears in 10 contracts

Sources: Severance Protection and Change in Control Agreement (Interface Inc), Severance Protection and Change in Control Agreement (Interface Inc), Severance Protection and Change in Control Agreement (Interface Inc)

Service with Affiliates. For purposes of determining whether a separation Separation from service Service has occurred under the above provisions, the “Company” shall include the Company and all entities that would be treated as a single employer with the Company under Code Section 414(b) or (c) of the Internal Revenue Code of 1986, as amended (the “Code”), but substituting “at least 50 percent” instead of “at least 80 percent” each place it appears in applying such rules.

Appears in 1 contract

Sources: Salary Continuation Agreement (Interface Inc)

Service with Affiliates. For purposes of determining whether a separation from service has occurred under the above provisions, the "Company" shall include the Company and all entities that would be treated as a single employer with the Company under Section 414(b) or (c) of the Internal Revenue Code of 1986, as amended (the "Code"), but substituting "at least 50 percent" instead of "at least 80 percent" each place it appears in applying such rules.

Appears in 1 contract

Sources: Severance Protection and Change in Control Agreement (Interface Inc)