Eligible Executive Officer definition

Eligible Executive Officer has the meaning set forth in the Recitals of this Agreement.

Eligible Executive Officer means each individual notified in writing by the Plan Administrator that he or she is an Eligible Key Employee under this Plan.

Eligible Executive Officer means an Executive Officer of the Company who satisfies the criteria for participation in the Plan described in Section 3.1 hereof.

Examples of Eligible Executive Officer in a sentence

• If an Eligible Executive Officer is indebted to the Company at the time any cash Benefits are payable, the Company reserves the right to offset any such Benefits under this Plan by the amount of such indebtedness.

• All income tax liabilities with respect to payments under this Plan will be solely those of the affected Eligible Executive Officer and not the Company or any other party.

• An Eligible Executive Officer will be eligible to receive Severance Benefits under this Plan in the event his or her employment with the Company is (a) terminated by the Company for a reason other than Cause or (b) voluntarily terminated by the Eligible Executive Officer for Good Reason within 30 days after the occurrence of the circumstances giving rise to Good Reason during the term of this Plan or within six months following any Change in Control that occurs during the term of this Plan.

• An Eligible Executive Officer will be eligible to receive Retention Benefits under this Plan if (1) the Eligible Executive Officer is employed by the Company upon the occurrence of any Change in Control that occurs during the term of this Plan or (2) his or her employment is terminated by the Company without Cause in connection with, and prior to, such Change in Control.

• Notwithstanding the foregoing, in the event a Board Composition Change occurs, an Eligible Executive Officer will be eligible to receive Retention Benefits under this Plan even if he or she is not so employed upon the occurrence of a Change in Control, as long as he or she was employed by the Company immediately prior to such Board Composition Change.

More Definitions of Eligible Executive Officer

Eligible Executive Officer means Edward A. Keible, Jr. and John J. Mikulsky.

Eligible Executive Officer means any person who is (i) a Participant in the Qualified Plan, (ii) an Executive Officer of the Company or an employee who is not an Executive Officer of the Company but who was a Participant in this Plan on November 1, 2018, and (iii) designated by the Committee to participate in the Plan; provided, however that any person hired or promoted on or after September 1, 2023, shall not become an Eligible Executive Officer to participate in the Plan. Any person who is an Eligible Executive Officer participating in the Plan as of September 1, 2023, will continue to be treated an Eligible Executive Officer for all purposes under the Plan.

Eligible Executive Officer means the Chief Financial Officer of the Company and the General Counsel of the Company.

Eligible Executive Officer means any person who is (i) a Participant in the Qualified Plan;(ii) an Executive Officer of the Company or an employee who is not an Executive Officer of the Company but who was a Participant in this Plan on November 1, 2018; and (iii) designated by the Committee to participate in the Plan.

Eligible Executive Officer means each individual notified in writing by the Plan Administrator that he or she is an Eligible Executive Officer under this Plan. In no event will any person entitled to participate in the Company’s Senior Executive Officer Severance and Retention Plan be an Eligible Executive Officer hereunder.

Eligible Executive Officer means any Employee who is a natural person who, at the applicable time of the grant or award of an Option under the Plan, is also an Executive Officer of the Company and/or of any Parent and/or of any Subsidiary. Notwithstanding the foregoing, no Option hereunder may be granted with respect to: (i) any circumstances which would not be considered to be either a bonus or reward for services provided, or compensation for goods or services rendered; or (ii) services rendered wholly or partially in connection with the offer and sale of securities in a capital-raising transaction.

Eligible Executive Officer an Executive Officer who either (i) does not receive an offer of employment with Buyer or SWFSC, effective as of the Closing Date, or (ii) receives and rejects an offer of such employment, which offer is (x) for a position and with duties and responsibilities that are materially less favorable to such Executive Officer than his position, duties and responsibilities with Seller or FMI immediately prior to the Closing Date, (y) at a base rate of compensation or with bonus or benefits that constitute a material reduction in the base compensation, bonus or benefits available to such Executive Officer in connection with his employment with Seller or FMI immediately prior to the Closing Date or (z) subject to a requirement that such Executive Officer relocate outside of the Dallas-Fort Worth metropolitan area.