Examples of Tier 1 Executive in a sentence
If an executive’s employment is terminated, then any 2x Time Options which are forfeited (or 2x option shares which are repurchased) would be re-issued to the other then-remaining Tier 1 Executives or the person who is chosen to replace the forfeiting Tier 1 Executive.
Tier 1 Executive statement concluding that the benefit to the NMMI in granting the waiver outweighs the potential harm.
Tier 1 Executive proposal for the means by which a qualified, objective person unrelated to the proposed employee noted in #1 above shall make performance evaluations and recommendations for compensation, promotion, and awards.
Notwithstanding anything to the contrary under the Plan, no Severance Benefits shall be paid to a Tier 2 or Tier 3 Executive (but this sentence shall not apply to a Tier 1 Executive) who is offered comparable employment by an entity that purchases a unit or asset of the Company or, following a Change in Control, by a successor to the Company.
During this forty-five (45) day notice period, a Tier 1 Executive will be afforded the opportunity to make a presentation to the Board regarding the matters referred to in the Company’s notice.