Participating Director definition

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

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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

As a condition of the granting of the Shares of Restricted Stock, the Participating Director agrees, for himself or herself and his or her legal representatives or guardians, that this Agreement shall be interpreted by the Committee and that any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.
If the Participating Director ceases to be a director for reasons other than death or disability (as determined by the Committee), the Shares of Restricted Stock that have not yet vested as of the date of such cessation will be immediately forfeited.
If the Participating Director ceases to be a director as a result of death or disability (as determined by the Committee) prior to the date all Shares of Restricted Stock have vested in full, then all such Shares shall vest on the date of such termination.
The Company will give the Participating Director a receipt for the Shares held in escrow that will state that the Company holds such Shares in escrow for the Participating Director’s account, subject to the terms of this Award, and the Participating Director will give the Company a stock power for such Shares of Restricted Stock duly endorsed in blank which will be used in the event such Shares are forfeited in whole or in part.
The Company hereby grants to the Participating Director the number of Shares of Restricted Stock set forth above, subject to the terms and conditions of the Plan and this Agreement.

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 a Director who elects to defer compensation under this Plan.

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

Participating Director. An individual for whom an Account is established under the Plan. Plan: This Special Alternative Deferred Compensation Plan, as it may be amended from time to time. Plan Year: January 1 through December 31 in any calendar year beginning on or after January 1, 2006.

Participating Director means a Director who is a Participant in the Plan.

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 member of the Board who is not an employee of the Company.