During Executive definition

During Executive s employment, the Corporation shall cause Executive to be covered by all the Corporation's employee benefit plans, in effect from time to time, for which Executive is eligible, including without limitation, any retirement plan or group insurance. The Corporation does not presently have any group life insurance or group long-term disability insurance program; however, the Corporation is in the process of exploring the implementation of such programs. Upon implementation, it is the Corporation's present expectation that the Executive will be covered by group life insurance in an amount equal to at least one year's Base Salary and group long-term disability insurance. In addition, to facilitate Executive's travel on Corporation business, during employment the Corporation shall furnish Executive, without cost to Executive, but in accordance with any applicable IRS requirements and limitations, a Corporation owned or leased, and Corporation insured, automobile chosen by the Corporation. Notwithstanding the foregoing, Executive recognizes that each year the Corporation must report to the IRS an amount of income to be charged to Executive as taxable income representing the fair value of Executive's personal use of such automobile. In addition, the Corporation shall pay or reimburse all reasonable expenses of maintaining and operating such automobile.
Sample 1Sample 2
During Executive s employment, the Corporation shall cause Executive to be covered by all the Corporation's employee benefit plans, in effect from time to time, for which Executive is eligible, including without limitation, any retirement plan or group insurance.
Sample 1
During Executive s Protection Period, Executive's Employer shall continue to provide Executive and Executive's family with medical and/or health benefits on the same basis as provided to active executive management employees immediately prior to Executive's Date of Termination; provided, however, that Executive shall continue to pay the costs (including premiums and co-payments) he was required to pay for such medical and/or health coverage prior to his Date of Termination (in the event such continuation of coverage is not permitted under the Employer's medical and/or health plan, such coverage shall be secured through COBRA continuation coverage which shall be provided at the Employer's expense for the duration of Executive's Protection Period).
Sample 1

Examples of During Executive in a sentence

  • During Executive' s employment with the Company and thereafter, so long as Executive may have liability arising out of his service as an officer or director of the Company, the Company agrees to continue and maintain a director's and officer's liability insurance policy covering Executive with coverage no less than that available to active directors and officers of the Company.

  • During Executive Officer’s seven (7) month term of employment, he shall also be entitled to standard bank holidays and sick time consistent with that provided to other executives employed at the Bank.

  • During Executive Employee's employment, Executive Employee agrees not to copy, refer to, or in any way use information that is proprietary to any third party (including any previous employer).

  • During Executive' s employment with the Company, the Company shall maintain the insurance it currently has with respect to (i) directors' and officers' liability , (ii) errors and omissions and (iii) general liability insurance providing coverage to Executive to the same extent as other senior executives of the Company.


More Definitions of During Executive

During Executive s active employment with Employer, Executive shall be provided a monthly car allowance in the amount of $600.00.
Sample 1
During Executive s employment, the Company shall pay Executive an annualized base salary of $440,000 ("Base Salary") payable in equal installments pursuant to the Company's customary payroll policies in force at the time of payment (but in no event less frequently than monthly), less all required and authorized payroll deductions and state and federal withholdings. Executive's Base Salary may be adjusted from time to time in the sole discretion of the Board or the Compensation Committee of the Board (the "Compensation Committee") and shall be reviewed annually by the Compensation Committee.
Sample 1
During Executive s employment, the Corporation shall cause Executive to be covered by all the Corporation's employee benefit plans, in effect from time to time, for which Executive is eligible, including without limitation, any retirement plan or group insurance. In addition, to facilitate Executive's travel on Corporation business, during employment the Corporation shall furnish Executive, without cost to Executive, but in accordance with any applicable IRS requirements and limitations, a Corporation owned or leased, and Corporation insured, automobile chosen by the Corporation. Notwithstanding the foregoing, Executive recognizes that each year the Corporation must report to the IRS an amount of income to be charged to Executive as taxable income representing the fair value of Executive's personal use of such automobile. In addition, the Corporation shall pay or reimburse all reasonable expenses of maintaining and operating such automobile.
Sample 1

Related to During Executive

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • the Executive means the Health and Safety Executive;

  • Executive means the individual named in the first paragraph of this Agreement.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Key Executive means an employee of a Textron Company who has been and continues to be designated as a Key Executive under the Plan by Textron’s Chief Executive Officer and Chief Human Resources Officer.

  • Employment Period has the meaning set forth in Section 2.01.

  • Employment Term has the meaning specified in Section 2.

  • Term of Employment means the period specified in Section 2 below.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Consulting Period has the meaning assigned thereto in Section 14(f) hereof.

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Named Executive means any individual who, on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among the four most highly compensated officers of the Company (other than the chief executive officer). Such officer status shall be determined pursuant to the executive compensation disclosure rules under the Exchange Act.

  • Key Executives means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxxxx, jointly and severally.

  • Year of Employment means a period of service of 12 months.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Post-Employment Period is defined in Section 8.2.

  • Executives has the meaning set forth in Section 12.2(a).

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Scope of employment means performance by an employee acting in good faith within the duties of the employee’s office or employment or of tasks lawfully assigned by a competent authority including the operation or use of an agency vehicle or equipment with actual or implied consent of the supervisor of the employee, but shall not include corruption or fraud;

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • CIC means the Construction Industry Council.

  • Agreement Term has the meaning set forth in Section 11.1.