Group II Participant definition

Group II Participant means each senior management-level 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 3.10, and (iii) who on the Change of Control Date, is classified as a Director, Senior Director, or such other position, which is determined by the Company prior to the Change of Control as equivalent thereto.

Group II Participant means a Participant who is not a Group I Participant.

Group II 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 Vice President (or such other position determined by the Company prior to the Change of Control as equivalent thereto) of the Participating Company.

Examples of Group II 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.

• If a Participant under this Plan is entitled to a SSORP Component and is a Group II Participant in the SSORP, the SSORP Component shall be converted from the form of a single life annuity to a lump sum and then paid in five installments, with the first installment paid within the 90-day period beginning on the Participant’s Benefit Commencement Date specified in Section 4.7 (but subject to Section 5.1) and the last four installments paid on anniversaries of the Benefit Commencement Date.

• A Group II Participant shall be credited with a Company Matching Contribution equal to 4.5% of his/her Basic Compensation for each payroll period during which he/she is deferring at least 6% of Basic Compensation.

• The Company has not violated any current effective PRC laws and regulations on social insurance and housing reserve fund, including the requirements on payments of social insurance and housing reserve fund for employees; there is neither employment litigation nor arbitration that may cause Material Adverse Effect on business of the Company, nor any pending or, to the knowledge of the Company, threatened strikes and disputes with labor unions or other labor organizations.

• A Group II Participant shall be fully vested in his/her Company Basic Contributions upon completion of three years of Vesting Service.

More Definitions of Group II Participant

Group II Participant means any Participant that is a Vice-President of the Company or that is otherwise determined to be a Group II Participant by the Compensation Committee.

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

Group II 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, (iii) for the period commencing immediately before the Effective Date and ending on the Change of Control Date is continuously classified by the Company in its personnel records as a Director or Senior Director (or such other position determined by the Company prior to the Change of Control as equivalent thereto) or any more senior role of a Participating Company and (iv) as of the Change of Control Date is classified by the Company in its personnel records as a Vice President (or such other position determined by the Company prior to the Change of Control as equivalent thereto) of the Company.

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

Group II Participant means (a) an officer of the Company who reports directly to the Company’s chief executive officer, or (b) an officer or employee of the Company or its Subsidiaries who is listed on Schedule 1 attached hereto. Without the written consent of the affected Participant, in the event of a Change of Control, a Participant who otherwise qualifies as a Group II Participant as of the Closing Time cannot thereafter be removed as a Group II Participant during the Protection Period (unless such removal is to designate such Group II Participant as a Group I Participant).

Group II Participant means each senior management-level employee of a Company who on the Change of Control Date, is classified as a Vice President of the Company.

Group II Participant means each senior management-level employee of a Participating Company who (i) 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, (ii) is not a Group I Participant and (iii) who, on the Change of Control Date, was a Section 16 Officer.