Insured Executive definition

Insured Executive means any or all of the following:
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Insured Executive means any or all of the following: (1) a past, present or future elected director, appointed officer or elected or appointed member of a board of managers of the Company, including any general counsel who is also an employee of the Company and other lawyers who are employees of the Company; or (2) the functional equivalent of such director, officer or manager of the Company when serving in such capacity outside the United States of America; or (3) the lawful spouse or domestic partner of an Insured Executive, but solely for a Wrongful Act by such Insured Executive; or (4) the estate, heirs, legal representatives or assigns of an Insured Executive, but solely in the event of his or her death, incapacity or bankruptcy and solely for a Wrongful Act by such Insured Executive; or (5) any employee of the Company, but solely for a Securities Wrongful Act by such employee.
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Examples of Insured Executive in a sentence

  • Exclusions (D), (E) and (F) above shall not apply to the portion of Loss directly resulting from: (i) a civil proceeding brought by a security holder of the Company, in their capacity as such, or derivatively on behalf of the Company, that is brought and maintained without the solicitation, assistance, or active participation of the Company or any Insured Executive; or (ii) a Securities Holder Derivative Demand.

  • It is hereby noted and agreed that, subject to the provisions set out in this Endorsement and all the terms and conditions of the policy, we will pay $50,000 to the Named Insured in the event of the Accidental Death of an Insured Executive during the Policy Period.

  • Entity LiabilityThe Insurer will indemnify the Entity for loss arising from Entity liability.2. Accidental DeathIn the event of the accidental death of an Insured Executive during the policy period, and subject to the aggregate amount stated in the schedule, the Insurer will pay the Entity the amount stated in the schedule for each Insured Executive.

  • Repay any debts of the Company so as to secure the release of any personal guarantees given by the affected Insured Executive in respect of the Company borrowings.

  • The term "termination for cause" shall have the meaning given to such term in the Insured Executive Supplemental Compensation Agreement, effective as of ___________, 19__.

  • The Insurer will pay Loss on behalf of the Company for which the Company has, to the extent permitted or required by applicable law, indemnified an Insured Executive, and which such Insured Executive has become legally liable to pay as a result of a Claim first made against her or him during the Policy Period or Discovery Period, if applicable, for a Wrongful Act that takes place during or prior to the Policy Period.

  • Unless otherwise provided by way of endorsement to this Policy, neither the intent, knowledge nor Wrongful Act of any Insured Executive or the Company shall be imputed to any other Insured Executive to determine the application of the foregoing exclusions.

  • In local schools, subjects such as science, management, humanities, rural development, education are taught.

  • An exclusion preamble that is most often the subject of coverage litigation, and the cases discussed in this article, states:The Insurer shall not pay Loss in connection with that portion of any Claim made against An Insured Executive for any Wrongful Act .

  • More than one demand, suit or proceeding arising out of the same Wrongful Act or Interrelated Wrongful Acts shall be deemed to constitute a single Claim, first made during the Policy Period in which (i) the first of such demands, suits or proceedings is made against any Insured Executive or (ii) in which notice of circumstances relating thereto is first given in accordance with Section IV (D) of this Policy, whichever event first takes place.

Related to Insured Executive

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

  • 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.

  • 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.

  • 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.

  • the Executive means the Health and Safety Executive;

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

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Key Executive means an employee of a Textron Company who has been and continues to be designated as a Key Executive under the Plan by Textron’s Chief Executive Officer and Chief Human Resources Officer.

  • Executive means the individual named in the first paragraph of this Agreement.

  • The Employer or “The Purchaser” means the "Registrar General, High Court of Madhya Pradesh, Jabalpur" and the "District Judge" of the District Courts.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Key Executives means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxxxx, jointly and severally.

  • Self-employment shall be where a Claimant sets up his/her own business and is responsible for paying his/her tax and National Insurance.

  • 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.

  • Executives has the meaning set forth in Section 12.2(a).

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Regular Part-Time Employee means an employee who is appointed to a regularly scheduled position but works less than full-time. A regular part-time employee is entitled to all benefits outlined in the agreement on a pro rata basis, except where otherwise specified.

  • Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

  • School employee means (1) a teacher, substitute teacher, school administrator, school superintendent, guidance counselor, psychologist, social worker, nurse, physician, school paraprofessional or coach employed by a local or regional board of education or working in a public elementary, middle or high school; or (2) any other individual who, in the performance of his or her duties, has regular contact with students and who provides services to or on behalf of students enrolled in a public elementary, middle or high school, pursuant to a contract with the local or regional board of education.

  • Supported employment means the ongoing supports to participants who, because of their disabilities, need intensive ongoing support to obtain and maintain an individual job in competitive or customized employment, or self-employment, in an integrated work setting in the general workforce at or above the state’s minimum wage or at or above the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals without disabilities. The outcome of this service is sustained paid employment at or above the minimum wage in an integrated setting in the general workforce in a job that meets personal and career goals. Supported employment services can be provided through many different service models.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.