Disinterested Persons definition

Disinterested Persons means the non-employee directors of the Company within the meaning of Rule 16b-3 as promulgated under the Exchange Act.

Disinterested Persons means a member of the Board of Directors who is considered a disinterested person within the meaning of Exchange Act Rule 16b-3 or any successor definition.

Disinterested Persons means an administrator of the Plan who is not at the time he or she exercises discretion in administering the Plan eligible, has not at any time within one year prior thereto been eligible, and for one year after so serving will not be eligible, for selection as a person to whom stock may be allocated or to whom stock options may be granted pursuant to the Plan or any other plan of the Company entitling the participants therein to acquire stock or stock options of the Company.

Examples of Disinterested Persons in a sentence

• Discharge and dismissal under this subsection may occur only once with24 respect to any person.

• The names of the Disinterested Persons who were present for discussions and votes relating to the compensation, transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.

• It is the intention of the Company that the Plan comply in all respects with Rule 16b-3 promulgated under Section 16(b) of the Exchange Act and that Plan participants remain disinterested persons ("Disinterested Persons") for purposes of administering other employee benefit plans of the Company and having such other plans be exempt from Section 16(b) of the Exchange Act.

• Therefore, if any Plan provision is found not to be in compliance with Rule 16b-3 or if any Plan provision would disqualify Plan participants from remaining Disinterested Persons, that provision shall be deemed amended so that the Plan does so comply and the Plan participants remain disinterested, to the extent permitted by law and deemed advisable by the Committee, and in all events the Plan shall be construed in favor of its meeting the requirements of Rule 16b-3.

• Appointment of Disinterested Persons At any time, the court may appoint two disinterested persons, not related to the distributees, to recommend a proposed distribution or sale.

More Definitions of Disinterested Persons

Disinterested Persons means the “non-employee directors” of the Company as such term is defined in Rule 16b-3.

Disinterested Persons. — means those Directors who are “nonemployee directors” as defined in Rule 16b-3, as amended, under the Securities Exchange Act of 1934.

Disinterested Persons means Directors who are not full time employees of the Corporation and who are eligible to serve as Plan administrators or to approve Plan awards under the provisions of Rule 16b-3 promulgated under the Exchange Act. The preceding sentence shall have no effect if any specification of such persons is eliminated from the rules promulgated under Section 16 of the Exchange Act.

Disinterested Persons means an administrator of this Plan who is not at the time he or she exercises discretion in administering this Plan eligible, has not at any time within one year prior thereto been eligible, and for one year after so serving will not be eligible, for selection as a person to whom an Award may be granted pursuant to this Plan or any other plan of the Company entitling the participants therein to acquire stock or stock options of the Company.

Disinterested Persons means disinterested persons within the meaning of Rule 16b-3, as promulgated under the Securities and Exchange Act of 1934, as amended.

Disinterested Persons means a director of the Company who is not, during the one year prior to service as an administrator of the Plan, granted or awarded equity securities pursuant to the Company’s 2006 Equity Compensation Plan or any other plan of the Company or any of its affiliates except as may be permitted by Rule 16b-3(d) under the Securities Exchange Act of 1934 or any successor to such rule.

Disinterested Persons means persons who are not at the time of determination of that status, and who have not been at any time within one year prior thereto, eligible for selection as persons to whom Stock Appreciation Rights may be awarded pursuant to this Plan.