Tier 2 Employee definition

Tier 2 Employee means any employee of the Employer, other than a Tier 1 Employee, who is in salary grade 23 or above (under the salary grade schedule of the Company on the Effective Date, with appropriate adjustment for any subsequent change in such salary grade schedule) at or subsequent to the time of the Change in Control.

Tier 2 Employee means any President or Executive Vice President of the Company or any of its Affiliates, and any other employee of the Company or any of its Affiliates designated as such by the Plan Administrator in writing.

Tier 2 Employee means any employee of the Employer designated as such by a resolution of the Board.

Examples of Tier 2 Employee in a sentence

• Each Eligible Employee in the Plan who is a Tier 1 Employee or Tier 2 Employee who incurs an Involuntary Termination or a Good Reason Resignation (other than an Involuntary Termination or Good Reason Resignation that constitutes a Change in Control Termination) and who satisfies the conditions of Section 3.2 shall be eligible to receive the Severance Benefits described in the Plan.

• Each Eligible Employee who is a Tier 2 Employee and who incurs a Severance following a Change in Control or a Potential Change in Control shall be entitled to receive a Severance Payment equal to the sum of (A) such Eligible Employee’s annual base salary as in effect immediately prior to such Severance and (B) the target annual cash incentive opportunity for the year in which a Severance occurs, or, if higher, in the year a Potential Change in Control or in the absence thereof, a Change in Control occurs.

• In the event that during the period commencing on the date of the Change in Control and ending twelve (12) months thereafter, the employment of a Tier 1 Employee, Tier 2 Employee or Tier 3 Employee is terminated by the Employer without Cause or by the Participant for Good Reason, then the Employer shall pay or provide the Participant with the Severance Benefits.

• Regardless of Employee’s CalPERS status (whether considered Tier 1 or Tier 2), Employee is not eligible for and will not receive any longevity pay from the City.

• As a condition to participation in the Plan, a Tier 2 Employee shall be obligated to notify the Company’s HR Service Center in writing within 30 days after such Tier 2 Employee first becomes eligible for any health benefit coverage through any subsequent employer(s).

More Definitions of Tier 2 Employee

Tier 2 Employee means any employee of the Employer listed on Schedule B attached hereto.

Tier 2 Employee means the Chief Financial Officer of the Company, specified members of senior management of the Company, and any other employee of the Company or any of its Affiliates designated as such by the Plan Administrator in writing, as set forth on Schedule 1 attached hereto.

Tier 2 Employee means such Eligible Employees other than Tier 1 Employees who are approved for such classification by the Chief Executive Officer of the Company in his or her sole discretion.

Tier 2 Employee means an Employee selected by the Committee and named on Exhibit B.

Tier 2 Employee means any Eligible Employee designated by the Plan Administrator as a Tier 2 Employee (as set forth on Exhibit A hereto).

Tier 2 Employee means any employee of the Employer who is not a Tier 1 Employee and who is either eligible to participate in the Employer’s Performance Recognition Plan (or any successor to such plan) or otherwise designated as a Tier 2 Employee by the Plan Administrator.

Tier 2 Employee means an Eligible Employee who is designated as such by the Company, in its sole discretion.