Senior Participant definition

Senior Participant means, with respect to the applicable Performance Period, a Participant identified as such in the Committee’s resolutions granting him or her an Award for such Performance Period, which is expected to include the CEO and certain executive officers of the Company .

Senior Participant means each of the Chief Executive Officer and the President of the Company and an employee of the Company or an Affiliate that is designated as a member of the Executive Committee.

Senior Participant means each employee of the Company or an Affiliate holding the office of vice president or any office senior to the office of vice president.

Examples of Senior Participant in a sentence

• The Company shall be entitled to set-off any such amount owed to the Company against any amount owed to the Senior Participant by the Company.

• Furthermore, in the event a Senior Participant engages in Detrimental Activity at any time prior to or during the six months after any exercise of an Award, lapse of a restriction under an Award or delivery of Common Stock pursuant to an Award, such exercise, lapse or delivery may be rescinded until the later of (i) two years after such exercise, lapse or delivery or (ii) two years after such Detrimental Activity.

• Further, if the Company commences an action against such Senior Participant (by way of claim or counterclaim and including declaratory claims), in which it is preliminarily or finally determined that such Senior Participant engaged in Detrimental Activity or otherwise violated this Section 6.7, the Senior Participant shall reimburse the Company for all costs and fees incurred in such action, including but not limited to, the Company's reasonable attorneys' fees.

• The Committee or the Board of Directors may cancel, rescind, suspend or otherwise limit or restrict any unexpired Award at any time if the Senior Participant engages in "Detrimental Activity" (as defined below).

• Furthermore, in the event a Senior Participant engages in Detrimental Activity at any time prior to or during the six months after any exercise of an option, such exercise may be rescinded until the later of (i) two years after such exercise or (ii) two years after such Detrimental Activity.

More Definitions of Senior Participant

Senior Participant means each Participant, during his or her employment by the Company or one of its subsidiaries, who has attained the age of 70.

Senior Participant means the Initial Senior Participant, and its successors in interest, or any subsequent holder of the Senior Participation.

Senior Participant means an individual who meets all the eligibility components of the program and who receives FDNP checks.

Senior Participant means a Participant who is a Senior Vice President or any other Participant that the Management Compensation Committee deems in its sole discretion to be a Senior Participant.

Senior Participant means an individual who meets all the eligibility components of the Farm Direct program and who receives Farm Direct vouchers.¶

Senior Participant means a Person, satisfactory to the Administrative Agent in its sole discretion, acting as the “Senior Participant” under the Senior Participation Agreement and such Person’s permitted successors and assigns pursuant to such Senior Participation Agreement.

Senior Participant and "SENIOR PARTICIPATIONS" are defined in SECTION 16 below; and the term "PERMITTED PAYMENTS" shall mean the payment made by Participant to Lender, on the Participation Closing Date in accordance with SECTION 1. This Amended and Restated Participation Agreement will confirm the arrangement between the Lender and Participant whereby Lender sells to Participant, without recourse and without representations or warranties of any kind (except as expressly set forth hereinafter), and Participant purchases from Lender, a junior participation interest in the Participation Obligations in the principal amount equal to the principal amount of the New Term Loans, upon and subject to the terms and conditions set forth in this Amended and Restated Participation Agreement. Participant shall only have such obligations as are expressly set forth in this Amended and Restated Participation Agreement or in the Participation Certificates (hereinafter defined).