Heritage Board means the Board of Directors of Heritage Bank.
Heritage Board means the Board of Directors of Heritage Bank. (aa) “Incentive Bonus” has the meaning set forth in Section 3(b), and for purposes of determining a Severance Amount, the term shall include any amounts subject to Executive’s elective deferrals under a deferred compensation plan of the Company and shall specifically exclude Company contributions under a deferred compensation plan of the Company. (bb) “Incumbent Board” means the members of the Board as of the Effective Date. (cc) “Inventions” means any and all inventions, innovations, technology, trade secrets, mask works, ideas, concepts, plans, processes, formulas, source and object codes, data, databases, programs, works of authorship, know-how, improvements, discoveries, developments, designs, methods, techniques, forms, templates, outlines, systems, procedures, methods, processes, and algorithms, whether or not patentable, copyrightable or protectable as trade secrets, including all improvements thereto and derivative works thereof, and including all copies and tangible embodiments thereof, in whatever form or medium. (dd) “IRS” means the United States Internal Revenue Service. (ee) “Minimum Benefits” means, as applicable, the following: (i) Executive’s earned but unpaid Annual Base Salary for the period ending on the Termination Date; (ii) Executive’s earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; provided, however, that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause; (iii) Executive’s accrued but unpaid vacation pay for the period ending on the Termination Date; (iv) Executive’s unreimbursed business expenses and all other items earned and owed to Executive by the Company through and including the Termination Date, provided that all required submissions for expense reimbursement are made in accordance with the Company’s expense reimbursement policy and within 15 days following the Termination Date; and (v) The benefits, incentives, and awards described in Section 4(g)(i). (ff) “Parties” means the Company and Executive. (gg) “Principal Business Location” means the Company’s primary office located in Bellevue, WA, or as mutually agreed by the Parties.
Heritage Board means the Board of Directors of Heritage Bank. (cc) “Incentive Bonus” has the meaning set forth in Section 5(b), and for purposes of determining a Severance Amount, the term shall include any amounts required to be deferred subject to Executive’s elective deferrals under a deferred compensation plan of the Company and shall specifically exclude Company contributions under a deferred compensation plan of the Company. (dd) “Incumbent Board” means the members of the Board as of the Effective Date. (ee) “Inventions” means all systems, procedures, techniques, manuals, databases, plans, lists, inventions, trade secrets, copyrights, patents, trademarks, discoveries, innovations, concepts, ideas, and software conceived, compiled, or developed by Executive in the course of Executive’s employment with the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information. Notwithstanding the foregoing sentence, Inventions shall not include: (i) any inventions independently developed by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior to Executive’s exposure to any Confidential Information. (ff) “IRS” means the United States Internal Revenue Service. (gg) “Minimum Benefits” means, as applicable, the following: (i) Executive’s earned but unpaid Annual Base Salary for the period ending on the Termination Date; (ii) Executive’s earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; provided, however, that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause; (iii) Executive’s accrued but unpaid vacation pay, if any, for the period ending on the Termination Date; (iv) Executive’s unreimbursed business expenses and all other items earned and owed to Executive by the Company through and including the Termination Date, provided that all required submissions for expense reimbursement are made in
Examples of Heritage Board in a sentence
Executive shall have the duties that are commensurate with Executive’s position(s) and any other duties that may be assigned to Executive by the CEO and the Heritage Board and Executive shall perform all such duties faithfully and efficiently.
During the Employment Period, Executive shall devote Executive’s full business time, energy and talent to serving as President of the Company and the President and Chief Executive Officer of Heritage Bank, subject to the direction of the Chief Executive Officer (“CEO”) of the Company and the Heritage Board.
Subject to the transitions set forth below, Executive agrees that during the CEO Period, Executive will devote his business time, energy and talent to serving at the direction of the Board and the Heritage Board, as the case may be.
More Definitions of Heritage Board
Heritage Board means the board of directors of Heritage (or, if the context admits, any duly authorised committee);