Participating Director definition

Participating Director means the meaning set forth in Section 4(a).

Participating Director means any director of the Company or any Subsidiary who, in the opinion of the Board, has demonstrated a capacity for contributing in a substantial measure to the success of the Company and its Subsidiaries.

Participating Director means an individual who, while an Eligible Director, has elected to participate in the Plan as contemplated by Section 5.1 hereof.

Examples of Participating Director in a sentence

• A Participating Director may elect to receive payment from his or her Deferred Stock Account in a lump sum or installments.

• Nothing in the Program will interfere with or limit in any way the right of the Company’s Board or its shareholders to remove an Eligible or Participating Director from the Board.

• Neither the Program nor any action taken pursuant to it will constitute or be evidence of any agreement or understanding, express or implied, that the Company’s Board or its shareholders have retained or will retain an Eligible or Participating Director for any period of time or at any particular rate of compensation.

• Unless otherwise indicated by the Participating Director, no amounts shall be paid to the estate or heirs of beneficiaries who die before the Participating Director.

• In the event that a Participating Director elects to receive less than 100% of each quarterly installment of the Retainer and/or Meeting Fees in shares of Common Stock, either issued or credited, he or she shall receive the balance of the quarterly installment in cash.

More Definitions of Participating Director

Participating Director means a member of the Board who is not an employee of the Company or any of its present or future parent or subsidiary corporations.

Participating Director means an Employee who is a Senior Managing Director, Managing Director or Associate Director of the Company.

Participating Director means a Director who elects to defer compensation under this Plan.

Participating Director means any Director who participates in the Plan.

Participating Director means any member of the Board of Directors of the Company who is not a Non-Employee Director."

Participating Director means, with respect to any fiscal quarter, any Eligible Director other than an Eligible Director who has elected not to participate in the Plan for such quarter in accordance with the terms of Section 5.2 of the Plan.

Participating Director means a non-employee Director who has been granted options under the Plan