Executive Employee definition
Examples of Executive Employee in a sentence
Executive Employee shall participate in the Performance Share Program as set forth therein.
This Employment Agreement covers the employment of the Executive Employee by Glasstech.
Executive Employee acknowledges that Class C Shares awarded hereunder shall be subject to the restrictions and risks of forfeiture contained herein and in the Stockholders' Agreement.
In this regard, simultaneously with the issuance of certificates representing awarded Class C Shares, Executive Employee shall execute and deliver stock powers forfeiting to Holding Class C Shares awarded hereunder for which the restrictions have not yet lapsed in the event Executive Employee's employment is terminated pursuant to Section 6 of this Employment Agreement on or before any applicable anniversary date as described in Section 3.3(a).
In the event the Executive Employee dies during the Term or any Renewal Term, for a period of six (6) months following such death Glasstech agrees to continue to pay to the surviving spouse of the Executive Employee the Base Salary rate of the deceased Executive Employee in effect at the time of death in equal bi-weekly installments less such deductions required to be withheld by applicable law and regulations.