KERP Participants definition

KERP Participants means the employees of the CMI Entities that have been granted KERPs in the Initial Order.
Sample 1Sample 2Sample 3
KERP Participants means any directors or employees of a Debtor included in any of the KERP plans.
Sample 1

Examples of KERP Participants in a sentence

  • A list of the 39 KERP Participants is attached hereto as Exhibit E.

  • Each participant under the KERP (a "KERP Participant") has previously executed a letter agreement (individually, a "KERP Letter" and, collectively, the "KERP Letters") wherein such KERP Participant's benefits under the KERP are particularly described.

  • KERP Participants, none of whom are insiders, receive payment for agreeing to remain with the Arcapita Group for a set period of time.

  • Purchaser has previously been provided the forms of the KERP Letters in addition to a current listing (pursuant to Section 5.4 of the Seller Disclosure Letter) of the KERP Participants.

  • Although some of the potential KERP Participants have titles like “director,” “vice president,” or “chief,” none is an “insider” of the Debtors.

  • The Court must be equally mindful of the key role that the KEIP and KERP Participants will play in bringing the sale of the Remaining Hospitals to a successful conclusion.

  • For the benefit of the KERP Participants, Purchaser agrees and acknowledges that the KERP Letters shall be on the list of Assigned Contracts and Leases on Schedule 2.1(b) and Purchaser shall assume and discharge all liabilities (such liabilities to be Assumed Liabilities hereunder) arising under the KERP, irrespective of whether any particular KERP Participant is a Transferred Employee.

  • Specifically, the KERP Participants do not include any employee who (a) is appointed or hired directly by the Board; (b) reports directly to the Board or CEO; (c) regularly attends Board meetings; (d) exercises managerial control over, or has responsibility for, the Debtors’ operations as a whole; or (e) dictates the Debtors’ overall corporate policy, governance, or disposition of corporate assets.

  • There are currently 32 KERP Participants, and the total potential aggregate payout under the KERP is approximately $1.208 million, inclusive of a $250,000 discretionary pool.

  • The KERP does not implicate section 503(c)(1) of the Bankruptcy Code because KERP Participants are all non-insiders.

Related to KERP Participants

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • CDS Participants means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Deposit Notes under the Book-Entry System.

  • Participants is defined in Section 12.2.1.

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Participant has the meaning specified in Section 10.06(d).

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

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

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

  • Eligible Employees means each employee of the Company or an Affiliate.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.