Level II Employee definition

Level II Employee means any employee of the Company with the job title immediately prior to a Change in Control of Managing Director (or its equivalent) of the Company as determined by the Company.

Level II Employee means any Employee who is not primarily compensated by commissions and whose Annual Compensation is greater than $150,000.

Level II Employee means an Employee who has the title of Senior Vice President of the Company or any direct or indirect subsidiary of the Company.

Examples of Level II Employee in a sentence

• Each Eligible Level II Employee who incurs a Severance will be entitled to a one-time cash payment equal to two times (2x) the sum of(x) such employee's annual base salary in effect immediately prior to the Severance Date, and (y) the average performance bonus earned with respect to the most recent three fiscal years of the Company ending before the fiscal year in which the Severance Date occurs (i.e., payment = 2x [annual base salary + average performance bonus earned in 3 most recent fiscal years]).

• If the Participant becomes classified below a Level II Employee before the Termination of Employment identified in the preceding sentence, then the date of such change in classification is substituted for the said Termination Date.

• Any action taken by the Company during the CIC Covered Period to cause an Eligible Employee to no longer be designated as a Level I Employee or Level II Employee, or to decrease the payments or benefits for which an Eligible Employee is eligible will be treated as an amendment to the Plan which is adverse to the interests of any Eligible Employee.

• The maximum payments to be made by the Company during the Severance Period for outplacement services with respect to a Benefit Level I Employee shall be $30,000, with respect to a Benefit Level II Employee shall be $25,000 and with respect to a Benefit Level III Employee shall be $15,000.

• Each Eligible Level II Employee who incurs a Severance will be entitled to a one-time cash payment equal to two times (2x) the sum of (x) such employee’s annual base salary in effect immediately prior to the Severance Date, and (y) the employee’s target annual cash performance bonus for the year in which the Severance Date occurs, assuming Company and individual performance at 100% of target.

More Definitions of Level II Employee

Level II Employee means any full-time employee of the Company or its subsidiaries with the job level immediately prior to a change in control of E3.

Level II Employee means any full-time employee of the Company with the job title immediately prior to a Change in Control of Managing Director of the Company and as reported on the Company's payroll records as such. This also includes part-time employees where required by applicable law.

Level II Employee means any full-time employee of the Company with the job title immediately prior to a Change in Control of Managing Director of the Company and as reported on the Company's payroll records as such.

Level II Employee means an executive serving as a Vice President or above whom the Plan Administrator designates as a Level II Employee from time to time, excluding the CEO and Level III Employees; provided that the Plan Administrator shall designate only select roles based on impact of role in the event of CIC as Level II Employees at any time and shall not remove such designation from any Level II Employee during the CIC Period.

Level II Employee means an Executive Vice President of the Company from time to time.

Level II Employee means an Employee (i) with at least one Year of Service and (ii) who is not a Level I Employee.

Level II Employee means an executive serving as a Vice President or above whom the Plan Administrator designates as a Level II Employee from time to time, excluding the CEO and Level III Employees.