Examples of Designated Executive Officer in a sentence
In addition, the Executive shall be eligible to receive, on an annual basis a bonus (the "Bonus") in such amounts and subject to such targets and incentives as set forth in the Designated Executive Officer Bonus Plan.
Mission Designated Executive Officer: Oversight, coordination and evaluation of the mission relatedness of the external entity shall be under the supervision of the executive officer with the duties and functions described in Regents Bylaws Chapter II that is most related to the external entity.
The internal accounting control system encompasses the following roles: ‐ the Designated Executive Officer, who is in direct charge of the control model pursuant to Law no.
As with the Parent Company, for each of the group’s subsidiaries, the effectiveness of previously identified key controls is assessed independently by the Internal Audit department, and the Designated Executive Officer within the framework of her specific functions.
Overall monitoring of the improvement plan is the responsibility of the Designated Executive Officer.
Each Designated Executive Officer has five years from the later of (i) the Executive MOP Effective Date (or the effective date of an amendment to the Executive MOP depending on the nature of the amendment), and(ii) the date such Designated Executive Officer become subject to it (if later), to meet the Executive Minimum Ownership Requirements.
The Plan Administrator will certify in writing prior to grant or payment of any Award to a Designated Executive Officer that the performance goals and other material terms of the Award were satisfied, to the extent such certification is required by the Performance-Based Exception.
The Company held its 2019 Annual Meeting of Stockholders on September 26, 2019 and announced that its shareholders had elected the nominees to new one-year terms on its Board of Directors and ratified the appointment of its independent accounting firm for the 2019 fiscal year.
Subject to Sections 4.1 and 4.2, the Plan Administrator will establish a Maximum Award for each type of Award granted to a Designated Executive Officer for each Plan Year or Performance Period.
However, an Award made available for grant to a Designated Executive Officer as performance-based cannot be replaced by a non-performance-based Award if performance goals are not achieved.