Employee Directors definition

Employee Directors immediate family" means any child, stepchild, grandchild, spouse, son-in-law or daughter-in-law and shall include adoptive relationships; provided, however, that if the Company adopts a different definition of "immediate family" (or similar term) in connection with the transferability of employee stock options awarded to employees of the Company, such definition shall apply, without further action of the Board, to the Plan or this Option Agreement. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Non-Employee Director.

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Employee Directors means the members of the Board who are also employees of the Company.

Employee Directors means at any time, as a group, the persons then serving as members of the Board of Directors by reason of being Employee Officials.

Examples of Employee Directors in a sentence

Employee Directors shall be eligible to receive Options under this Plan.
Any decision made, or action taken, by the Employee Directors in connection with the administration of this Plan shall be final and conclusive.
Restricted Stock and Incentive Shares may be granted or awarded only to Employees and Directors, provided, however, that Directors, other than Employee Directors, may not be granted Incentive Stock Options.
This Plan is intended to assist the Company and its Subsidiaries in attracting and retaining Directors, Employees and Employee Directors of outstanding ability and to promote the identification of their interests with those of the stockholders of the Company.
The Committee shall administer this Plan and shall have plenary authority, in its discretion, to award Options, Rights, Restricted Stock and Incentive Shares to Directors, Employees and Employee Directors, subject to the provisions of this Plan.

More Definitions of Employee Directors

Employee Directors pursuant to Section 6.2 hereof, disability or retirement, and

Employee Directors means those Directors who are not "Outside Directors."

Employee Directors retirement means retirement from service on the Board of Directors of the Corporation or the Association or any successor thereto (including service as a director emeritus) after attaining the age of 70.

Employee Directors as defined in Section 2.17.

Employee Directors as defined in Rule 16b-3(b)(3)(i) under the 1934 Act and "outside directors" as defined in Section 162(m) of the Code and the regulations promulgated thereunder. The Board may remove or add members of the Committee. If the Board does not appoint a Committee, any reference in the Plan or in any stock option agreements under the Plan shall mean the Board.

Employee Directors means Lorin D. Smith and Scott G. Erchul.

Employee Directors means at any time, as a group, the persons then serving as Directors by reason of being Employee Officials.