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applicable severance from employment

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 280G — for purposes of this section

The term “applicable severance from employment” means any severance from employment of a covered executive—

(i) by reason of an involuntary termination of the executive by the employer, or

(ii) in connection with any bankruptcy, liquidation, or receivership of the employer.