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 .

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

Examples of Senior Participant in a sentence

• Senior Participant and Guarantor have agreed, subject to the terms and conditions hereof, that the Guarantee Agreement shall be amended as set forth in this Amendment.

• This Amendment shall become effective on the date on which this Amendment is executed and delivered by a duly authorized officer of each of Senior Participant and Guarantor.

• The Servicer shall manage, conserve, protect and operate each REO Property for the Senior Participant and the Junior Participant solely for the purpose of its prompt disposition and sale.

• The Servicer, on behalf of the Senior Participant and the Junior Participant, shall dispose of any REO Property utilizing reasonable best efforts to maximize the proceeds of such disposal to the Senior Participant and the Junior Participant (as a collective whole) if and when the Servicer determines that such disposal would be in the best economic interest of the Senior Participant and the Junior Participant.

• The Person in whose name a Participation is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Senior Participant and the Initial Junior Participant who may hold their participations through a nominee.

More Definitions of Senior Participant

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.

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 voucheckrs.¶

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 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 and “Senior Participations” are defined in Section 16 below; and “Permitted Payments” shall mean the payment made by Participant to Lenders, on the Participation Closing Date in accordance with Section 1. Certain other of the terms used herein are parenthetically defined elsewhere in this Participation Agreement. This Participation Agreement will confirm the arrangement between Lenders and Participant whereby Lenders sell to Participant, without recourse and without representations or warranties of any kind (except as expressly set forth hereinafter), and Participant purchases from Lenders, a junior participation interest in the Participation Obligations in the principal amount equal to the principal amount of the New Term Loan, upon and subject to the terms and conditions set forth in this Participation Agreement. Participant shall only have such obligations as are expressly set forth in this Participation Agreement or in the Participation Certificate (hereinafter defined).

Senior Participant means a Person, satisfactory to the 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.