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 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.
Sample 1

Examples of During Executive in a sentence

  • The Postal Service is agreeable to engaging in such discussions but opposes the moratorium.10 During Executive Session, I advised the parties of my broad ruling on this issue, as well as the issues that follow, and instructed them to develop MOUs to implement my holdings.

  • During Executive Session, (Kirkbride/Ricks) move to approve the one year renewal.

  • During Executive Session, the following matters were discussed and/or voted upon: On motion by Ms. Whitten, seconded by Ms. Robinson, with Mr. Ross absent and not voting, the Board approved the request to settle the tort claim case styled as Charles Abraham vs.

  • During Executive Session, the following matters were discussed and/or voted upon: Following discussion and deliberation regarding Dr. Alvin Holder’s request for a Board review of USM’s decision to deny Dr. Holder tenure and promotion, on motion by Trustee Perry, seconded by Trustee Rouse, all Trustees legally present and participating voted unanimously deny the request for a Board review of University of Southern Mississippi’s decision to deny tenure and promotion to Dr. Alvin Holder.

  • During Executive Session, the following matters were discussed and/or voted upon: The Board discussed the location, relocation, or expansion of a business.

  • During Executive Session, the following matters were discussed: The Committee discussed a prospective litigation matter.

  • During Executive Session, the following matters were discussed and/or voted upon: On motion by Trustee Owens, seconded by Trustee Davidson, with Trustee Robinson absent and not voting, all Trustees legally present and participating voted to approve the settlement of the case styled as, Needham vs.

  • During Executive Session, the following matters were discussed and/or voted upon: The Board discussed a personnel matter at Jackson State University.

  • During Executive Session, the following matters were discussed and/or voted upon: On motion by Trustee Hooper, seconded by Trustee Pickering, all Trustees legally present and participating voted unanimously to approve the settlement of Tort Claim No. 1899, styled as Demetrius Staffold vs.

  • During Executive Session, the following matter was discussed and voted upon: The Board discussed a personnel matter regarding the University of Mississippi Chancellor Search.


More Definitions of During Executive

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
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
During Executive s active employment with Employer, Executive shall be provided a monthly car allowance in the amount of $600.00.
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: (i) in the case of an Employee whose employment commenced between the 1st and 15th days inclusive of any month, the 1st day of that calendar month; or (ii) in the case of an Employee whose employment commenced between the 16th and last days inclusive of any month, the 1st day of the following calendar month.

  • 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 any employee of the Company or an Affiliate of the Company who (i) is designated by the Committee as an “Eligible Executive” who is eligible to participate in the Plan; (ii) has executed and returned a Participation Agreement to the Company; (iii) is not covered under any other severance plan, policy, program or arrangement sponsored or maintained by the Company or any of its Affiliates; and (iv) is not a party to an employment or severance agreement with the Company or any of its Affiliates pursuant to which such employee is eligible for severance payments or benefits. The Committee shall have the sole discretion to determine whether an employee is an Eligible Executive. Eligible Executives shall be limited to a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • 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 means the eighteen month period beginning on the date of termination of the Executive's employment with the Employer. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary or against public policy, such covenant shall be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive shall, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after accepting any other employment, of the identify of the Executive's employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer's election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • 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.