Disqualified Individual definition

Disqualified Individual has the meaning set forth in Section 5.14(b).

Disqualified Individual has the meaning set forth in Section 4.10(f).

Disqualified Individual means any individual who is -

Examples of Disqualified Individual in a sentence

• No Disqualified Individual or Applicable Employee is entitled to receive any additional payment (e.g., any Tax gross-up or any other payment) from Sellers or any Subsidiaries of Sellers in the event that the additional or excise Tax required by Section 409A or 4999 of the Tax Code, respectively is imposed on such individual.

• Should it be determined that you are a Disqualified Individual, this Offer of Employment will be rescinded and employment shall not proceed.

• The terms "Disqualified Individual" and "Excess Parachute Payment" shall have the same meanings as under Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision thereto.

• Notwithstanding anything in this Plan to the contrary, if a benefit to an employee who is a "Disqualified Individual" shall be in an amount which includes an "Excess Parachute Payment" taking into account payments under this Plan and otherwise, the benefit under this Plan to that employee shall be reduced to the maximum amount which does not include an Excess Parachute Payment.

• If the 280G Shareholder Vote fails to achieve the requisite approval in respect of any Disqualified Individual or otherwise does not qualify for such exemption, the Seller shall provide to the Buyer the name of such individual and the amount waived or otherwise subject to such approval, and no amount so waived or otherwise subject to such approval shall be paid to any such individual.

More Definitions of Disqualified Individual

Disqualified Individual means, with respect to a corporation, any individual who, at any time during the 12-month period beginning on the date which is 6 months before the in- version date—

Disqualified Individual has the meaning set forth in Section 280G(c) of the Code (or any successor provision thereto).

Disqualified Individual is defined in Section 7.11.

Disqualified Individual means an individual as defined in Code Section 280G(c) and Treasury Regulation Section 1.280G-1, Q&A-15 to Q&A-21.

Disqualified Individual means a Qualified Individual that (1) has been removed from the Executive Committee for Cause (as defined in the Investor Rights Agreement, and as applicable), (2) is found by either the Board or a final non-appealable judgement of a court of competent jurisdiction to have breached (and not cured, if curable) a non-competition covenant agreement with the Corporation or any of its Subsidiaries or (3) is deceased.

Disqualified Individual means any person who is a “disqualified individual” (as defined in Treasury Regulation Section 1.280G-1) with respect to the Company.

Disqualified Individual means a director or executive