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).
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.
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).
Notwithstanding the foregoing, the Restricted Executives may own, directly or indirectly, solely as an investment, securities of any Person traded on any national securities exchange such Restricted Executive is not a controlling Person of, or a member of a group which controls, such Person and does not, directly or indirectly, own two percent (2%) or more of any class of securities of such Person.
A Restricted Executive Bonus Arrangement (REBA) is a combination of three planning tools: a Section 162 bonus plan, a restrictive endorsement and an employment contract.
Notwithstanding the foregoing, each Restricted Executive may sell such number of shares of Adjusted RSU Common Stock required to satisfy tax withholding requirements upon the vesting.
More Definitions of Restricted Executive
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 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).
Restricted Executive means any Company Group employee who at the Termination Date was at the level of Senior Vice President, Vice President, director, manager, underwriter or salesperson with whom the Executive had material contact or dealings in the course of his employment during the Restricted Period;
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.
21.1 The Executive shall not, for the Restricted Period, be engaged in or concerned in any business which is in competition with any Restricted Business. This shall not restrict her from being engaged or concerned in any business after the expiry of her notice period hereunder insofar as her duties or work shall relate solely to services or activities of a kind with which she was not concerned to a material extent during the period of 12 months ending in the Termination Date.
21.2 The Executive shall not, for the Restricted Period, solicit or endeavour to entice away from the Company or any Group Company the business or customer of a Restricted Customer with a view to providing goods or services to that Restricted Customer in competition with any Restricted Business.
21.3 The Executive shall not, for the Restricted Period, provide goods or services to or otherwise have any business dealings with any Restricted Customer in the course of any business concern which is in competition with any Restricted Business.
21.4 The Executive shall not, for the Restricted Period, interfere or seek to interfere with the dealings of the Company and/or any Group Company with any Restricted Customer or the terms relating to the dealings of the Company and/or any Group Company with any Restricted Customer.
21.5 The Executive shall not, for the Restricted Period, obtain goods or services from or otherwise have any business dealings with any Restricted Supplier in the course of any business concern which is in competition with any Restricted Business.
21.6 The Executive shall not, for the Restricted Period, interfere with the continuance of supply by or the terms relating to the dealings of the Company and/or any Group Company with any Restricted Supplier.
21.7 The Executive shall not, for the Restricted Period, in the course of any business concern which is in competition with any Restricted Business offer employment to or otherwise endeavour to entice away from the Company or any Group Company any Restricted Executive.
21.8 All prohibitions upon the Executive in this Clause 21 shall include acts of any company or business in which she is directly or indirectly engag...
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.
21.1 The Executive shall not, for the Restricted Period, be engaged in or concerned in any business which is in competition with any Restricted Business. This shall not restrict him from being engaged or concerned in any business after the Termination Date hereunder insofar as his duties or work shall relate solely to services or activities of a kind with which he was not concerned to a material extent during the period of 12 months ending in the Termination Date.
21.2 The Executive shall not, for the Restricted Period, solicit or endeavour to entice away from the Company or any Group Company the business or customer of a Restricted Customer with a view to providing goods or services to that Restricted Customer in competition with any Restricted Business.
21.3 The Executive shall not, for the Restricted Period, provide goods or services to or otherwise have any business dealings with any Restricted Customer in the course of any business concern which is 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 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