Restricted Executive definition

Restricted Executive means any person who, at the date of the termination of the Appointment, either:-

Restricted Executive means any person who at the Termination Date was an employee of the Company or any Associated Company (excluding secretarial, administrative and clerical staff), who could materially damage the interests of the Company or any Associated Company if he became engaged or employed in any business concern in competition with any Restricted Business and with whom the Executive worked closely during the period of 12 months ending on the Termination Date;

Restricted Executive has the meaning set forth in Section 5.10(a).

Examples of Restricted Executive in a sentence

• Restricted Executive Bonus ArrangementIf cash value life insurance is used, a Restricted Executive Bonus Arrangement (REBA) may be incorporated into the plan.

• In practice, the business may actually pay the premiums directly to the insurance company, then include the amounts in the executives’ reported W-2 income.The executive has all of the ownership rights of the policy, including the right to name his or her own beneficiary(ies) and to access the policy cash values (except when a Restricted Executive Bonus Arrangement is used, as explained below).

• Board records of a Board meeting or Board Committee meeting initially held as a Regular Session but subsequently converted into an Executive Session or a Restricted Executive Session are considered (as applicable) to be Board records of a meeting of an Executive Session or a Restricted Executive Session, as converted, in their entirety.

• In the interests of preserving confidentiality, the Executive Directors shall receive the recommendations of the Ethics Committee and conduct all deliberations or decision making under these procedures in Restricted Executive Sessions of the Board consisting exclusively of Executive Directors (or the Alternate of an Executive Director who is unable to attend) and chaired by the Chair of the Board.

• Restricted Executive Bonus Arrangements (REBAs)To take the greatest advantage of the flexibility available in nonqualified plan designs, a wide variety of factors should be considered during the planning process.

More Definitions of Restricted Executive

Restricted Executive means any person who was at the date of the termination of the Executive’s employment employed by the Company and/or any Group Company who had access to Confidential Information or Trade Secrets and/or with whom the Executive had personal dealings during the period of twelve months prior to the termination of the Executive’s employment.

Restricted Executive means any person with whom you have worked or come into contact during the period of your employment and who is employed under an Executive contract (as opposed to a Staff contract) by the Company or any Associated Company (as the case may be).

Restricted Executive means each of Xxxxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxx Xxxxxxx, Xxxxx Xxxxxx, Xxx Xxxx and Xxxxx van Dijk, and each of their respective direct reports (whether as of the date hereof or as of the Closing Date).

Restricted Executive means a Grantee who is the Chief Executive Officer of the Company, any officer of the Company who reports directly to the Chief Executive Officer of the Company, and any other officer of the Company or of a Subsidiary who is senior vice president (salary band 540 or equivalent) or above; provided, however, that the Committee may, at the time of any Award to any Grantee, determine that such Grantee be treated as a Restricted Executive for purposes of that Award; and further provided, however, that no Grantee shall be a Restricted Executive after the last day of the calendar year in which he or she ceases to be an employee of the Company (unless he or she is subsequently reemployed by the Company on terms and conditions making him or her a Restricted Executive as defined in this

Restricted Executive means any person who, at the Tennination Date was employed by the Company or any Group Company and with whom the Executive had material dealings, who could materially damage the interests of the Company or any Group Company if he became employed in any business concern in competition with any Restricted Business.

Restricted Executive means any person who, at the Termination Date was employed by the Company or any Group Company and with whom the Executive had material dealings, who could materially damage the interests of the Company or any Group Company if she became employed in any business concern in competition with any Restricted Business.

Restricted Executive means a Grantee who is the Chief Executive Officer of the Company, any officer of the Company who reports directly to the Chief Executive Officer of the Company, and any other officer of the Company or of a Subsidiary who is salary grade 96 or above; provided, however, that the Committee may at the time of any Award to any Grantee determine that such Grantee be treated as a Restricted Executive for purposes of that Award; and further provided, however, that no Grantee shall be a Restricted Executive after the last day of the calendar year in which he ceases to be an employee of the Company (unless he is subsequently reemployed by the Company on terms and conditions making him a Restricted Executive as defined in this Section).