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(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.
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.
During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at a rate of not less than 95% of the annual base salary paid to the second highest paid employee of the Company with respect to each fiscal year of the Company (the "Peer Executive"), in accordance with the Company's normal payroll policies.
During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of no less than 100% of the annual base salary paid to the highest paid executive of the Company other than the Chairman or Chief Executive Officer of the Company (the "Peer Executive").
The Accrued Obligations shall be paid to Employee’s estate or beneficiary within twenty (20) business days of the Date of Termination, and the Pro Rata Bonus shall be paid to Employee’s estate or beneficiary at the time annual cash bonuses are paid to the Peer Executive in accordance with the terms of the Annual Incentive Plan but no later than March 15 of the year following in the year in which the Date of Termination occurs.
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.
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.
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.
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.
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.