2.Definition of Affiliate. Section1.1 of the Exhibit A Terms and Conditions of the EPLA is hereby revised by changing ten percent (10%) to fifty percent (50%) in the second sentence.
Definition of Affiliate. For purposes of this Agreement, with respect to any person or entity, an “Affiliate” of such person or entity shall mean all other persons or entities with which the person or entity would be aggregated and treated as a single employer under Code Section 414(b) (controlled group of corporations) and Code Section 414(c) (group of trades or businesses under common control), as applicable.
H.Definition of Affiliate. For purposes of this Agreement, “Affiliate” means a Person that directly, or indirectly through one or more intermediaries, owns or controls, is owned or is controlled by, or is under common ownership or control with, another Person. As used herein, “control” means the power to direct the management or affairs of a Person, and “ownership” means the beneficial ownership of at least 10% of the voting securities of the Person. The Company shall be deemed to control any settlement network in which it has any equity ownership. As used herein, “Person” means any corporation (including The Western Union Company), limited or general partnership, limited liability company, joint venture, association, organization or other entity.
For purposes of this Agreement, Continuous Service means that Recipients continued service with the Company or its parent or subsidiary as such terms are defined in Rule 405 of the Securities Act (each an Affiliate and together Affiliates), whether as an employee, director or consultant, is not interrupted or terminated. The Committee shall have the authority to determine the time or times at which parent or subsidiary status is determined within the foregoing definition of Affiliate. A change in the capacity in which Recipient renders service to the Company or an Affiliate as an employee, consultant, or director, or a change in the entity for which Recipient renders such service, provided that there is no interruption or termination of Recipients service with the Company or an Affiliate, shall not terminate a Recipients Continuous Service. For example, a change in status from an employee of the Company to a consultant of a subsidiary or to a director shall not constitute an interruption of Continuous Service. To the extent permitted by law, the Committee, in its sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any other personal leave. Notwithstanding the foregoing, a leave of absence shall be treated as Continuous Service for purposes of vesting in the PSU only to such extent as may be provided in the Companys leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to Recipient, or as otherwise required by law.