Peer Executive definition

Peer Executive means each officer of any of the Companies who is a party to a change of control agreement having terms generally consistent with those of this Supplement and all executive officers (and all other employees performing policy making functions, regardless of title) at any organization that is a successor or interest to, or the direct or indirect parent of, any of the Companies.
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Peer Executive means a full-time employee who is treated by the Company as a United States employee for employment and benefits purposes and holds a position of grade 25 and above, excluding the Chief Executive Officer.
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Peer Executive. If immediately prior to the Effective Date the Executive participated in incentive compensation programming specific to an asset management business unit of the Companies or their Affiliates, as opposed to enterprise incentive compensation programming, then for the Executive “Peer Executive” means each person who immediately prior to the Effective Date also participated in incentive compensation programming specific to an asset management business unit of the Companies or their Affiliates and who was a party to a change of control agreement having terms generally consistent with those of this Agreement, and all employees other than executive officers who perform policy-making functions, regardless of title, specifically for the asset management business units of any organization that is a successor in interest to, or the direct or indirect parent of, any of the Companies. If immediately prior to the Effective Date the Executive participated in enterprise incentive compensation programming, as opposed to incentive compensation programming specific to an asset management business unit of the Companies or their Affiliates, then for the Executive “Peer Executive” means each officer of any of the Companies or their Affiliates who also participates in enterprise incentive compensation programming and who was a party to a change of control agreement having terms generally consistent with those of this Agreement, and all executive officers (and all other employees performing policy-making functions, regardless of title) of any organization that is a successor in interest to, or the direct or indirect parent of, any of the Companies.
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Examples of Peer Executive in a sentence

  • With respect to the provision of Other Benefits, the term Other Benefits as utilized in this Section 5(b) shall include death benefits as in effect on the date of the Executive's death with respect to the Peer Executive and his beneficiaries and the continued provision of Medical Benefits to the Executive's spouse.

  • With respect to the provision of Other Benefits, the term Other Benefits as utilized in this Section 5(c) shall include, and the Executive shall be entitled after the Disability Effective Date to receive, disability and other benefits as in effect at any time thereafter generally with respect to the Peer Executive and the continued provision of Medical Benefits to the Executive and his spouse.

  • During the Employment Period, the Executive and/or the Executive's eligible dependents, as the case may be, shall be entitled to participate in and shall receive all benefits; at levels suitable for executives, under the savings and retirement plans and policies, welfare plans (including, without limitation, medical and dental) and policies and fringe benefit plans and policies of the Partnership on a basis no less favorable than provided any other Peer Executive.

  • During the Employment Period, the Executive shall receive an annual bonus ("Annual Bonus"), whether payable in cash or otherwise, such that the sum of the Executive's Annual Base Salary and Annual Bonus is no less than the sum of the annual base salary and annual bonus of the Peer Executive.

  • In addition, following the Effective Date, the Executive shall be entitled to change in control benefits and protections (including a change in control severance agreement) no less favorable than those provided to the CEO and Peer Executive.

  • With respect to each fiscal year during the Employment Period, the Executive's equity-based awards shall be no less than 95% of the value of those awarded to the Peer Executive with respect to the applicable fiscal year and have terms and conditions no less favorable than those applicable to the awards granted to the Peer Executive.

  • After the Extension Date, the Executive shall be entitled to participate in all plans providing post-retirement benefits maintained from time to time by the Bank, on a basis at least as advantageous to the Executive as the basis on which any person who retired on the Extension Date from one of the most senior executive positions at the Bank (the "Peer Executive") would be eligible to participate from time to time.

  • The Executive shall be entitled to all --------------- fringe benefits offered to a Peer Executive from time to time, for so long as a Peer Executive is entitled to such benefits, including without limitation office space with secretarial and administrative support services, parking space, occasional car services provided by Boston Coach or a similar limousine service, and reimbursement for reasonable costs incurred in connection with home alarm services.

  • During the Employment Period, except as otherwise expressly provided herein, the Executive shall be entitled to participate in, and shall receive awards under, all employee benefit, stock incentive, welfare and other plans, practices, policies and programs, including perquisites (collectively, "Employee Benefit Plan") applicable to the Peer Executive on a basis no less favorable than that provided to the Peer Executive, taking into account the other provisions of this Agreement.

  • Following the Start Date and for each calendar year of the Employment Period thereafter, Employee will be eligible to receive equity awards on the same basis and terms (including value of the award, form and mix of awards, vesting and forfeiture terms and date on which such awards are granted) no less favorable to him than those applicable to any Peer Executive (other than the Chief Executive Officer or for one-off grants) subject to Employee’s continued employment through the applicable date of grant.

Related to Peer Executive

  • Senior Executive means the chief executive officer, chief operating officer, chief financial officer, and anyone in charge of a principal business unit or function.

  • Senior Executives has the meaning set forth in Section II.A.3.

  • Senior executive officer means the Company’s “senior executive officers” as defined in subsection 111(b)(3) of EESA.

  • Peer means any individual supporting an individual or the individual's family member who has similar life experience, either as a current or former recipient of mental health or substance use services, or as a family member of an individual who is a current or former recipient of substance use or mental health services.

  • Senior Executive Officers means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.