GTE Company definition

GTE Company means any one of, GTE Corporation, all corporate subsidiaries or other companies affiliated with GTE Corporation, all companies in which GTE Corporation directly or indirectly owns a substantial equity interest, and their successors and assigns, including any company into which GTE Corporation is merged and its subsidiaries and affiliates. In addition, in this Agreement, after the consummation of the Merger, "GTE Corporation" includes Bell Atlantic. Similarly, after the consummation of the Merger, "Board" refers to the Board of Directors of Bell Atlantic. NONDUPLICATION OF BENEFITS/NO SEVERANCE - The payment of any benefits hereunder will be in lieu of any GTE Involuntary Separation Program ("ISEP") or other separation or severance benefits and will fulfill all GTE obligations under associated plans and programs, except to the extent that you become entitled to such benefits after a Qualifying Termination following a Change in Control (as those terms are defined in you ESA). No provision of this Agreement will require GTE to provide you with any payment, benefit, or grant that duplicates any payment, benefit, or grant that you are entitled to receive under the ESA or under any GTE compensation or benefit plan, award agreement, or other arrangement.
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GTE Company means any one of, GTE Corporation, all corporate subsidiaries or other companies affiliated with GTE Corporation, all companies in which GTE Corporation directly or indirectly owns a substantial equity interest, and their successors and assigns, including any company into which GTE Corporation is merged and its subsidiaries and affiliates. In addition, in this Agreement, on and after the date on which the Merger is consummated (the "Merger Date"), "GTE Corporation" includes Bell Atlantic. In consideration for your entering into this Agreement, including the restrictions on the disclosure and use of confidential or proprietary information and the limitations on your engaging in competitive activities, Service Corp. is providing you with the security of a fixed-term agreement, a long-term performance incentive, participation in the GTE Merger Implementation and Retention Incentive Program, and other benefits.
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GTE Company means GTE Corporation as it existed before June 30, 2000, and any company which, at the time the Employee rendered service to the company, was an affiliated company that was then directly or indirectly 80% to 100% owned by GTE Corporation (or its predecessor corporations), determining "affiliated companies" in accordance with sections 414(b), (c), (m) or (o) of the Code.
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Examples of GTE Company in a sentence

  • The amounts to be paid, provided, or credited pursuant to this Section will not be treated as compensation for purposes of computing or determining any additional benefit to be paid, provided, or credited under any savings plan, insurance plan, pension plan, or other employee benefit plan maintained by any GTE Company.

  • If you breach any of the obligations set forth in the Section captioned "Covenants" or engage in serious misconduct that is contrary to written policies of GTE or is harmful to any GTE Company or its reputation, you may forfeit all or part of any amounts that you defer or accrue under any GTE-sponsored deferred compensation program after your execution of this Agreement and any interest or earnings thereon.

  • During the Term of Employment, except to the extent specifically permitted in writing by the Board or the CEO(s), and except for memberships on boards of directors that you hold on the date of this Agreement, you will not, directly or indirectly, render any services of a business, commercial, or professional nature to any other person or organization other than a GTE Company or a person or organization in which GTE has a financial interest, whether or not the services are rendered for compensation.

  • During the Term of Employment, except to the extent specifically permitted in writing by the Board, and except for memberships on boards of directors that you hold on the date of this Agreement, you will not, directly or indirectly, render any services of a business, commercial, or professional nature to any other person or organization other than a GTE Company or a person or organization in which GTE has a financial interest, whether or not the services are rendered for compensation.