Qualified employment definition

Qualified employment means Optionee’s employment with the Company and its Affiliates. Unless the Administrator provides otherwise, a change in the entity by which the Optionee is employed will not be deemed a termination of Qualified Employment so long as the Optionee continues providing services as an employee to the Company or one of its Affiliates. For the avoidance of doubt, providing consulting services pursuant to the terms of Optionee’s employment agreement shall not constitute Qualified Employment. If Optionee’s relationship is with an Affiliate and that entity ceases to be an Affiliate, the Optionee will be deemed to cease Qualified Employment when the entity ceases to be an Affiliate unless the Optionee transfers Qualified Employment to the Company or its remaining Affiliates.
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Qualified employment means an employment position meeting the requirements of this chapter.
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Qualified employment means employment or engagement as an officer, employee, consultant or independent contractor in a comparable executive level position consistent with Executive's background and experience.
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Examples of Qualified employment in a sentence

  • Subsequent recoveries of amounts previously written off are recognised in the statement of comprehensive income as revenue.

  • Subject to the requirements and restrictions of the statutes, the amount of a credit is equal to the net cost of training and certifying a new employee is a Qualified Employment Position not to exceed $3,000 per year for three consecutive taxable years of employment.

  • If a Qualified Employment Termination occurs after a 40% Qualification Event but prior to a 100% Qualification Event, on the date of the Qualified Employment Termination, a number of shares equal to one-fifth of the Initial Threshold Shares will vest immediately, and the remaining unvested Initial Threshold Shares and Designated Shares shall be forfeited.

  • If a Qualified Employment Termination occurs after the occurrence of a 100% Qualification Event, on the date of the Qualified Employment Termination, a number of shares equal to one-fifth of the Initial Threshold Shares and one-seventh of the Second Threshold Shares will vest immediately, and the remaining unvested Designated Shares shall be forfeited.

  • For purposes of this Agreement the term "Qualified Employment" shall mean employment or engagement as an officer, employee, consultant or independent contractor in a comparable executive level position consistent with Executive's background and experience.

  • In the event that Executive shall not have obtained Qualified Employment (as defined below) at the expiration of such twelve-month period, the Bank shall continue to pay such Base Salary to Executive for an additional twelve (12) months or until Executive shall obtain Qualified Employment, whichever shall first occur.

  • Qualified Employment: To qualify as an applicant who is employed within the City of Long Beach, the applicant responsible must demonstrate that at least one of the signatory of the tenant lease must be employed within the City of Long Beach, notified that they are hired to work in Beach, or are actively enrolled in an educational or job training program in Long Beach as of the date of application.

  • EXAMPLE COST PAID BY SELF-INSURED EMPLOYERS Fee Allocation Coverage TypeCoverage Period 1/13 to 12/13 Monthly premium charged to employeeSingle Family Pursuant to A.R.S. §41-1512(C), a Qualified Employment Position (QEP) is a position that meets all of the requirements of a net new full-time employment position and is paid at least 125% of the states median wage as computed annually by Commerce.

  • Except to the extent provided above with respect to Death, Disability, Qualified Retirement, and Qualified Employment Termination, all Designated Shares that have not previously vested will be automatically cancelled and forfeited without consideration immediately upon your termination of Employment with the Company for any reason.

  • VIII Number and Dollar Amount of Credits Claimed, Used and Carried Forward on Prior Year’s Tax Return (Note: The use and carry forward of credits passed through to shareholders or partners must be reported.) Qualified Employment Positions for which business earned and claimed first year tax credits on the prior year’s tax return.


More Definitions of Qualified employment

Qualified employment means employment of a tier I or tier II
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Qualified employment means continued employment following a Change of Control (i) with total remuneration including benefits and Compensation being substantially the same value as the Employee’s total remuneration immediately before a Change of Control and with a base salary for the first year following a Change of Control in an amount equal to at least ninety-five percent (95%) of the Employee’s Compensation from the Company immediately before the effective date of a Change of Control; (ii) that does not require relocation more than 25 miles from the Employee’s normal working location immediately prior to a Change of Control; (iii) that provides immediate eligibility under an active employees’ medical benefits plan, with medical benefits comparable to benefits provided under the Company’s plans; (iv) that provides some form of paid time off for vacation and illness; (v) that is in a position with duties and responsibilities substantially the same as those applicable to the individual immediately prior to a Change of Control; and (vi) that provides that if the Employee is terminated (other than by reason of death or disability) within eighteen (18) months of a Change of Control through no fault of the Employee, the Employee will be eligible for Severance Benefits under the Plan taking into account the Employee’s prior service with the Company.In no event will a continuation of employment constitute Qualified Employment if the employment fails to provide an Employee with total compensation and benefits that, in the aggregate, are comparable to the Employee’s compensation and benefits immediately prior to a Change of Control.
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Qualified employment means employment that is performed in the State. In addition, employment that is performed partly in the State will be considered qualified in its entirety if the out-of-State employment is incidental to the State employment, including temporary or transitory
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Qualified employment means the employment of a Participant by any Participating Company or Affiliated Company in such a capacity that the Participant receives pay for or is entitled to be paid for at least 40 Hours of Service (not including Hours of Service credited as a result of back pay) during a calendar month.
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Qualified employment means the provision of services localized within the State under COMAR 09.42.02.04 by an employee to an employer.
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Related to Qualified employment

  • Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.

  • Separation from Service means a “separation from service” with the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder.

  • Covered employment means employment in a covered position.

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Total Disability means a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Committee by rule may include.

  • Active Employment means you must be actively at work for the Sponsor: