COVERED EXECUTIVES. These Guidelines cover Open Text’s Executive Chairman/CSO, CEO/President, all NEO’s (Named Executive Officers), and the Executive Leadership Team (the “Covered Executives”).
COVERED EXECUTIVES. The Guidelines cover the Corporation’s President and CEO, all NEO’s (Named Executive Officers), and the Executive Leadership Team (the “Covered Executives”).
COVERED EXECUTIVES. The Policy applies to all current and former officers (as that term is defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended) of the Company and any other current and former employee of the Company and its subsidiaries designated by the Board or the Committee from time to time by notice to the employee (collectively, the “Covered Employees”).
COVERED EXECUTIVES. This Policy applies to the Company’s current and former executive officers and vice presidents (the “Covered Executives”).
COVERED EXECUTIVES. Marec X. Xxxxx Xxxxxxx X. Xxxxxxxx Xxxx X. Xxxxxx Xxx Xxxxx Xxxxxx Xxxxxxx Xxxxxx X. Xxxxxx
COVERED EXECUTIVES. This Policy applies to the Company’s current and former executive officers, as determined by the Board in accordance with the definition in Section 10D of the Exchange Act and the Clawback Listing Standards, and such other senior executives/employees who may from time to time be deemed subject to the Policy by the Board (the “Covered Executives”).
COVERED EXECUTIVES. This Policy applies to any current or former officer of the Company who is (or was at any time from and after the Effective Time (as defined below)) subject to Section 16 of the Securities Exchange Act of 1934, as amended from time-to-time (each, a “Covered Executive”).
COVERED EXECUTIVES. OPEN Text’s Executive Chairman/CSO, CEO/President, All NEO’s (Named Executive Officers), Executive Leadership Team (ELT-Tier 1), any other Executives (Tier 2) having an Executive Agreement with a “Change of Control” (the “CoC”) clause is a covered executive (the “Covered Executive”) under this policy.
COVERED EXECUTIVES. OPEN Text’s Executive Chairman/CSO, CEO/President, All NEO’s (Named Executive Officers), Executive Leadership Team (ELT-Tier 1), any other Executives (Tier 2) having an Executive Agreement with a “Change of Control” (the “CoC”) clause is a covered executive (the “Covered Executive”) under this policy. EQUITY OWNERSHIP LEVEL The Board establishes that the Covered Executives listed below achieve the equity ownership levels shown within five (5) years of the date of the establishment of this Policy (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date this Policy was adopted, within five (5) years after the date of his/her qualification as a Covered Executive, and hold the number of OPEN TEXT shares or share equivalents for so long as they are Covered Executives. • Executive Chairman* 4x base salary • CFO/President* 4x base salary • ELT (Tier 1) 2x base salary • Executives with CoC Agreement (Tier 2) lx base salary * The share ownership level for new incumbents to the Executive Chairman and CEO roles will be reviewed and approved by the Compensation Committee at that time. Covered Executives may achieve their associated level through the award of stock option exercises, purchases under the OPEN TEXT Employee Stock Purchase Plan (ESPP), through open market purchases made in compliance with applicable securities laws and exchange rules or through any equity plans OPEN TEXT may adopt from time to time. Until required ownership levels have been reached, Covered Executives are required to retain a minimum of 50% of the net proceeds of any stock option exercise, or LTIP award to be used towards share ownership. For compliance purposes, the shares will be valued at the greater of their book value (i.e., purchase price) or the current market value. The CEO/President will address non-compliance issues for Tier 1 and Tier 2 Covered Executives, as necessary. The Compensation Committee will address non-compliance issues for the CEO/President and the Executive Chairman, as necessary.
COVERED EXECUTIVES. The Guidelines cover the Parent Corporation’s Vice Chairman, CEO and CTO, all NEO’s (Named Executive Officers), and the Executive Leadership Team (the “Covered Executives”).
