Qualified Position definition

Qualified Position is an executive officer position with the entity surviving the Change in Control with substantially the same responsibilities as those held by the Executive on the date of the Change in Control. Also, notwithstanding the foregoing, if the Company determines that the amounts payable to Executive under this employment agreement, when considered together within the other amounts payable to Executive as a result of a Change in Control, cause such payments to be treated as excess parachute payments within the meaning of Section 280G of the Internal Revenue Code, the Company shall reduce the amount payable to Executive under this Section 4(d) to an amount that will not subject Executive to the imposition of tax under Section 4999 of the Internal Revenue Code; provided, however, that this provision shall apply only to payments to be made under this employment agreement and shall not cause the reduction of any other payments to be made to Executive by the Company.

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Qualified Position means a position of employment in North Carolina that meets the criteria for Loan forgiveness for a designated Approved Education Program that are established annually by the Authority.

Qualified Position means a position that:

Examples of Qualified Position in a sentence

If within six (6) months of a Change in Control, as that term is defined herein, Employee's employment is terminated for other than good cause or Employee refuses to accept or voluntarily resigns from a position other than a Qualified Position, as that term is defined herein, Employee shall receive additional severance compensation in an amount equal to two (2) years of his then current Base Salary plus applicable target bonus.
Twenty-five percent of the total amount of the Loans shall be forgiven for one year of Full-Time Employment as a School Leader in a Qualified Position in a North Carolina Public School that does not qualify as a High-Need School.
Within ninety (90) days following the Borrower’s graduation from the School Leader Preparation Program, the Borrower shall notify the Authority, in a form acceptable to the Authority, of the Borrower’s intention to seek Loan forgiveness through employment in a Qualified Position or to repay the Loan or Loans in cash.
The indemnification provided under this Agreement shall continue to apply to Indemnitee for any action taken or not taken while holding a Qualified Position even though he may have ceased to hold such Qualified Position at the time of any action or other covered proceeding.
Any amounts paid before the Borrower’s completion of the School Leader Preparation Program or during the Borrower’s eligibility for Loan forgiveness through employment in a Qualified Position under this Note shall not be refunded to the Borrower.

More Definitions of Qualified Position

Qualified Position is an Employee officer position with the entity surviving the Change in Control with substantially the same responsibilities as those held by the Employee on the date of the Change in Control. Also, notwithstanding the foregoing, if the Company determines that the amounts payable to Employee under this employment agreement, when considered together within the other amounts payable to Employee as a result of a Change in Control, cause such payments to be treated as excess parachute payments within the meaning of Section 280G of the Internal Revenue Code, the Company shall reduce the amount payable to Employee under this Section 4(d) to an amount that will not subject Employee to the imposition of tax under Section 4999 of the Internal Revenue Code; provided, however, that this provision shall apply only to payments to be made under this employment agreement and Employee by the Company.

Qualified Position means a person occupying a position who is qualified to attest, at a minimum to: (1) the validity and appropriateness of the PHA performed pursuant to Section 2760.2; (2) the completeness of a risk management plan; and (3) the relationship between the corrective steps taken by the owner or operator following the PHAs and those hazards which were identified in the analyses.

Qualified Position means at least half-time employment by a public or participating private institution of higher education, of which a majority of the time includes the classroom, clinical, and lab instruction required to earn a degree or certificate in nursing.

Qualified Position means a position of Full-Time employment as a Teacher in a North Carolina Public School in a Qualifying Licensure Area and that meets the criteria for Loan forgiveness established by the Authority.

Qualified Position means an employment position with Buyer having substantially similar duties, responsibilities and compensation as the position held by such employee with Seller prior to the Effective Time and which position is located in Seattle, Washington.

Qualified Position is an executive officer position with the entity surviving the Change in Control, with substantially the same responsibilities as those held by the Vice President and Chief Financial Officer of Fiberite as of the date of this Agreement, which position reports directly to the Chief Executive Officer of Fiberite in place immediately prior to the Change of Control. Also notwithstanding the foregoing, if Fiberite determines that the amounts payable to Employee under this Agreement, when considered together with any other amounts payable to Employee as a result of a Change in Control, cause such payments to be treated as excess parachute payments within the meaning of Section 280G of the Internal Revenue Code, Fiberite shall reduce the amount payable to Employee under this Section 6.3 to an amount that will not subject Employee to the imposition of tax under Section 4999 of the Internal Revenue Code. For purposes of this Section 6.3, the term "Fiberite" includes both Fiberite, Inc. and Fiberite Holdings, Inc., in that Employee will receive the aforementioned additional severance compensation upon: (1) a Change of Control of either Fiberite, Inc. or Fiberite Holdings, Inc. and (2) the other conditions set forth herein are met.