Successor of the Participant definition

Successor of the Participant means the legal representative of the estate of a deceased Participant or the person or persons who acquire the right to exercise an Option or SAR by bequest or inheritance or by reason of the death of the Participant.
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Examples of Successor of the Participant in a sentence

  • No Grant is exercisable except by the Participant or a Successor of the Participant permitted by the Plan.

  • Grantee or the Successor of the Participant has no right or any privilege of a stockholder of the Company in respect of any shares issuable on the exercise of the award unless and until such shares have been recorded on the Company’s official stockholder records as having been issued and transferred.

  • The Restricted Shares may not be transferred, sold, assigned, pledged, alienated, attached or otherwise encumbered (collectively, a “Transfer”) prior to the time they vest in accordance with this Agreement, except for a transfer to the Successor of the Participant in the event of the Participant’s death.

  • To exercise the Award, other than pursuant to an Automatic Exercise, Grantee or the Successor of the Participant must deliver a Notice of Exercise in the form attached hereto as Exhibit B (the “Notice of Exercise”) to the Company at its principal office together with such additional documents as the Company may then require.

  • To exercise the Award, other than pursuant to an Automatic Exercise, Grantee or the Successor of the Participant must deliver a Notice of Exercise in the form attached hereto as EXHIBIT B (the “Notice of Exercise”) to the Company at its principal office together with such additional documents as the Company may then require.

  • To exercise this Option, Grantee or the Successor of the Participant must give written notice of intent to exercise this Option with respect to a specified number of shares delivered to the Company at its principal office and payment in full to the Company at said office of the amount of the Exercise Price for the number of shares with respect to which this Option is being exercised.

  • Any payment due under this Agreement following the death of the Participant shall be paid to the Successor of the Participant.

  • Grantee or the Successor of the Participant has no right or any privilege of a shareholder of the Company in respect of any shares issuable on the exercise of this Option unless and until such shares have been recorded on the Company’s official shareholder records as having been issued and transferred.

  • If the employment of a Participant as an Employee or Consultant of the Company or any Affiliate, or the position of a Participant as a Director or Officer of the Company or any Affiliate, terminates as a result of his or her death, any Options held by such Participant shall pass to the Qualified Successor of the Participant, and shall continue to vest and be exercisable by the Qualified Successor for a period of 1 year following such death.

  • To exercise the Award, Grantee or the Successor of the Participant must deliver a Notice of Exercise in the form attached hereto as Exhibit B (the “Notice of Exercise”) to the Company at its principal office together with such additional documents as the Company may then require.

Related to Successor of the Participant

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Participant has the meaning specified in Section 10.06(d).

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Principal Participant means any of the following entities:

  • Voting Participant has the meaning specified in Section 10.06(d).

  • Section 16 Participant means a participant under the Plan who is then subject to Section 16 of the Exchange Act.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Other Participant means a cooperative project participant other than the United States.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Eligible Executive means any employee of the Company or an Affiliate of the Company who (i) is designated by the Committee as an “Eligible Executive” who is eligible to participate in the Plan; (ii) has executed and returned a Participation Agreement to the Company; (iii) is not covered under any other severance plan, policy, program or arrangement sponsored or maintained by the Company or any of its Affiliates; and (iv) is not a party to an employment or severance agreement with the Company or any of its Affiliates pursuant to which such employee is eligible for severance payments or benefits. The Committee shall have the sole discretion to determine whether an employee is an Eligible Executive. Eligible Executives shall be limited to a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Sub-Grantee means a person or organization contracted by a Subrecipient that is compensated with CRF funds to provide administration of any portion of the CRF.

  • Key participant means a sole proprietor, a partner in partnership, or a person with executive managerial control in a corporation. A person with executive managerial control includes persons such as a chief executive officer, chief operating officer and chief financial officer. This definition does not include non-executive managers such as farm, field, or shift managers.

  • Study Participant means a person recruited to participate in the Study.

  • Eligible employer means an employer that: