Grandfathered Executive definition

Grandfathered Executive means an executive who, as of July 1, 2008, was age 62 or older and who was a full-time employee of the Company (or a Subsidiary or Affiliate of the Company).
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Grandfathered Executive means an individual who became an Executive [as defined in Article I(l)] prior to October 1, 2009, and who continuously has remained such an Executive until becoming entitled to benefits set forth in this Agreement.
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Grandfathered Executive means an Executive who satisfies the requirements for being treated as a “Grandfathered Participant” under the Retirement Plan.
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Examples of Grandfathered Executive in a sentence

  • A Grandfathered Executive will receive the severance payments set forth in the Benefit Schedules as of January 31, 2019.

  • Grandfathered Executive will receive payments as set forth in the Benefit Schedules as of January 31, 2019.

  • In addition, a Grandfathered Executive will receive 100% of his or her target bonus.

  • The Hewlett Packard Enterprise Grandfathered Executive Deferred Compensation Plan is hereby adopted effective as of November 1, 2015 (the “Effective Date”).

  • Subject to Section 3.2, each Executive who is not a Grandfathered Executive shall be eligible to participate in the Plan.

  • References in this Policy to the Executive shall be construed to include a Grandfathered Executive (as defined below).

  • The Benefit Schedules as of January 31, 2019 included under the 2017 Executive Change-In-Control and Severance Policy (as Amended and Restated as of January 31, 2019) shall remain in effect and apply to such Grandfathered Executive, unless the Executive has otherwise agreed to waive Grandfathered Executive status.

  • A Grandfathered Executive will vest as set forth in the Benefit Schedules as of January 31, 2019.5.4Benefits.

  • A Grandfathered Executive will vest as set forth in the Benefit Schedules as of January 31, 2019.

  • The Hewlett Packard Enterprise Grandfathered Executive Deferred Compensation Plan is hereby adopted effective as of November 1, 2015 (the "Effective Date").


More Definitions of Grandfathered Executive

Grandfathered Executive means an Executive who, as of December 31, 2007:
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Grandfathered Executive means an Executive who has ten (10) or more Years of Service as of December 31, 2004.
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Grandfathered Executive means an Executive who was an Executive prior to December 31, 2018.
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Grandfathered Executive means an individual who became an Executive [as defined in Article I(l), taking into account this Agreement and any agreement considered by the Human Resources Committee of the Board of the Corporation to be a predecessor to this Agreement] prior to October 1, 2009, and who continuously has remained such an Executive until becoming entitled to benefits set forth in this Agreement, unless such Executive either (i) is promoted to a higher salary grade effective on or after January 1, 2012 (without regard to whether the Executive's job title or duties changes) or (ii) otherwise has agreed to waive “Grandfathered Executive” status.
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Related to Grandfathered Executive

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • 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.

  • Grandfathered health plan means a group health plan or an

  • 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.

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

  • Grandfathered Person means any Person who is the Beneficial Owner of 20% or more of the outstanding Voting Shares as determined at the Record Time; provided, however, that a Person shall cease to be a Grandfathered Person in the event that such Person ceases to Beneficially Own 20% or more of the outstanding Voting Shares at any time after the Record Time.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Eligible employer means an employer that:

  • Covered Employer means the City of Cambridge or a Beneficiary of Assistance.

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.

  • Accrued Benefit have the meanings specified in ERISA.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Covered Employee means an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • 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.

  • Covered employment means employment in a covered position.

  • Female employee means an employed female who is pregnant or is caring for a child she has borne or a child who has been placed with her for adoption purposes.

  • SERP Benefit means the benefit described in Section 5.1.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.