Group I Participant definition

Group I Participant means each senior management employee of a Participating Company who (i) is on the U.S. payroll, (ii) is not a party to any other retention and/or severance agreement with the Participating Company Group that is not otherwise waived in accordance with Section 3.9, and (iii) on the Change of Control Date, is classified as a Vice President (or any more senior role) of a Participating Company.

Group I Participant means a Participant whose Employment Agreement, as in effect immediately prior to the Participant’s termination of employment with the Company and its U.S. Affiliates, provides for payment of severance in connection with a termination of employment by the Participant for “good reason”, as defined in the Employment Agreement.

Group I Participant means each senior management employee of a Participating Company who (i) is on the U.S. payroll, and (ii) as of the Change of Control Date is classified by the Company in its personnel records as a Senior Vice President (or any more senior role) of the Participating Company.

Examples of Group I Participant in a sentence

• However, on the Effective Date you will cease to be a Group I Participant and will become a Group II Participant in the CIC Plan by virtue of your ceasing to be a member of Amgen's Operating Committee.

• The normal form of payment under this Plan for a Group I Participant is a single life annuity: a benefit payable monthly for the lifetime of the Participant, with the first payment to be due on the Benefit Commencement Date specified in Section 3.2 or 3.3, as the case may be, and the last payment to be due on the first day of the calendar month in which death occurs.

• A Group I Participant who has a Separation from Service under conditions other than those described above (disregarding for this purpose death and any cessation of work on account of Disability, as defined in Section 6) shall not be entitled to any benefits under the Plan.

• Items were averaged for each motive such that higher scores indicate greater endorsement of a specific motive.

• A Group I Participant also shall be credited with a Company Matching Contribution equal to 3.5% of his/her Incentive, provided the Group I Participant elects to defer at least 6% of such Incentive.

More Definitions of Group I Participant

Group I Participant means any Participant that is a Senior Vice-President of the Company, the General Counsel of the Company or that is otherwise determined to be a Group I Participant by the Compensation Committee.

Group I Participant means an individual designated as such in Appendix A.

Group I Participant means each senior management employee of a Participating Company who (i) is on the U.S. payroll, (ii) is not a party to any other retention and/or severance agreement with the Participating Company Group that is not otherwise waived in accordance with Section 2.10 and (iii) as of the Change of Control Date is classified by the Company in its personnel records as a Senior Vice President (or any more senior role) of the Company.

Group I Participant means the chief executive officer of the Company. Without the written consent of the affected Participant, in the event of a Change of Control, a Participant who otherwise qualifies as a Group I Participant as of the Closing Time cannot thereafter be removed as a Group I Participant during the Protection Period.

Group I Participant means the Chief Executive Officer of the Company on the Change of Control Date, so long as he is not a party to any other retention and/or severance agreement with the Participating Company Group that is not otherwise waived in accordance with Section 3.9.

Group I Participant means a Participant who is so designated by the Committee.

Group I Participant means each senior management employee of a Participating Company who (i) is on the U.S. payroll, (ii) is not a party to any other retention and/or severance agreement with the Participating Company Group that is not otherwise waived