Executive Officer Sample Clauses

Executive Officer. In the event that the Company determines that any withholding or other tax is required and you have not made satisfactory arrangements to satisfy such obligations within the time periods specified by Company policies and procedures, the Company shall have the right to: (i) require such payments from you; (ii) withhold such amounts from other payments due to you from the Company or any Affiliate; or (iii) withhold shares of Stock otherwise issuable to you as a result of this grant. Any shares of Stock so withheld shall have an aggregate Fair Market Value equal to such withholding obligations. Retention Rights This Agreement does not give you the right to be retained by the Company (or any Parent, Subsidiaries or Affiliates) in any capacity. The Company (and any Parent, Subsidiaries or Affiliates) reserve the right to terminate your Service at any time and for any reason. Shareholder Rights You do not have any of the rights of a shareholder with respect to the Restricted Stock Units unless and until the Stock relating to the Restricted Stock Units has been delivered to you. You will, however, as of each dividend record date for Stock occurring on or after the Grant Date of the Restricted Stock Units and prior to the date the shares of Stock underlying the Restricted Stock Units are delivered (or, if applicable, the date of forfeiture of the Restricted Stock Units), be entitled to receive an amount equal to the dividend that you would have been entitled to receive had you held the number of shares of Stock underlying the Restricted Stock Units on such record date, payable on the date of payment of the applicable dividend in cash or such number of shares of Stock having a Fair Market Value equivalent to such amount (each as determined by the Company in its sole discretion). Forfeiture of Rights If you should take actions in competition with the Company in violation of your Employment Contract, the Company shall have the right to cause a forfeiture of your rights, including, but not limited to: (i) a forfeiture of any outstanding unvested Restricted Stock Units, and (ii) with respect to the period commencing twelve (12) months prior to your termination of Service with the Company (A) a forfeiture of any proceeds received upon a sale of shares acquired by you upon vesting of shares of Restricted Stock Units or (B) a forfeiture of any shares of Stock acquired by you upon vesting of the Restricted Stock Units. Adjustments In the event of a stock split, a stock div...
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Executive Officer. The term “officer” shall mean an issuer’s president, principal financial officer, principal accounting officer (or, if there is no such accounting officer, the controller), any vice-president of the Company in charge of a principal business unit, division or function (such as sales, administration or finance), any other officer who performs a policy-making function, or any other person who performs similar policy-making functions for the Company. Officer’s of the Company’s parent(s) or subsidiaries shall be deemed officers of the Company if they perform such policy-making functions for the Company.
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Executive Officer. An Executive Officer shall be appointed by the Board which Executive Officer shall serve at the pleasure of the Board. The Executive Officer shall be an ex- officio member of all Committees.
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Executive Officer. Except as provided in the last sentence of this Section 3, Mxxxx shall hold the offices of Chairman of the Board of Directors, President, and Chief Executive Officer of Key throughout the period of his employment under this Agreement. Mxxxx and Key may, at some point in time after the Effective Date, mutually agree that a different executive officer of Key should hold the title of President and report to Mxxxx while Mxxxx remains as Chairman of the Board of Directors and Chief Executive Officer of Key.
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Executive Officer. “Executive Officer” means a “covered employee” within the meaning of Section 162(m)(3) of the Code or any other executive officer designated by the Committee for purposes of exempting compensation payable under this Plan from the deduction limitations of Section 162(m) of the Code.
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Executive Officer. There will be an Executive Officer of MERA who shall be responsible for the administration of MERA per Section 7.4 of the JPA Agreement. The Executive Officer shall be appointed by and may be removed for any reason by a majority vote of the Executive Board. The Executive Officer shall be responsible for the preparation of the annual budget and the collection of Member fees as prescribed in the JPA Agreement, the By- Laws and the Project Operating Agreement of the Marin Public Safety and Emergency Radio System. The Executive Officer shall have expenditure authority, consistent with the budget, of up to $10,000.00 and the authority to execute a change order to any existing MERA agreement with any person, entity or agency in an amount up to and including $10,000.00. The Executive Officer shall report all change orders approved to the Executive Board at its next regular meeting. The Executive Officer shall supervise consultants and contractors to MERA, including a Recording Secretary.
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Executive Officer. The term ‘‘exec- utive officer’’ has the same meaning as in § 215.2(e)(1) of the Board of Governors of the Federal Reserve System’s Regu- lation O (12 CFR 215.2(e)(1)).
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Executive Officer. This Restricted Stock Agreement (“Agreement”) is made this 21st day of November, 2006, (the “Award Date”) by and between MCG Capital Corporation, a Delaware corporation (the “Company”), and Xxxxxx X. Xxxxxxx (“Employee”).
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