FWM Employee definition
FWM Employee means any officer or other employee (as defined in accordance with Section 3401(c) of the Code) of FWM, or of any entity which is then an FWM Subsidiary; provided, however, that no such individual shall be an "FWM Employee" for purposes of granting Options if all Property Management Agreements have been terminated; and provided further, that for purposes of the Plan, "FWM Employee" shall not include any individual who is a Company Employee. For purposes of this Plan, "FWM Employee" shall also include any independent contractor or other individual engaged to perform services for FWM or for any entity which is then an FWM Subsidiary and who is designated by the Committee as an individual to whom Options shall be granted.