Tier 2 Participant definition

Tier 2 Participant means each Participant designated in Schedule A hereto as a Tier 2 Participant, as that schedule may be amended in accordance with Section 2.01.

Tier 2 Participant means a Participant holding a position designated as qualifying the holder of the position as a Tier 2 Participant on Exhibit A hereto.

Tier 2 Participant means each Participant designated in writing by the Board or the Compensation and Human Capital Committee as a Tier 2 Participant, as that designation may be amended in accordance with Section 2.01.

Examples of Tier 2 Participant in a sentence

• If a Tier 2 Participant dies with a surviving spouse entitled to a death benefit under the Qualified Plan, a death benefit shall be payable to the surviving spouse commencing at the date determined under 7(d) equal to the amount, if any, by which the Qualified Plan death benefit would be greater than the actual death benefit calculated as of that date under the Qualified Plan in the absence of the limits in 4(f)(i) and (ii) and based on deferred salary and bonus as provided in 4(g).

• For avoidance of doubt, the amount paid to the Tier 2 Participant pursuant to the preceding sentence will not be prorated based on the actual amount of time the Tier 2 Participant is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

• The Trustees shall thereafter be obliged, in respect of each such Khanyisa Tier 2 Participant, to vest the relevant shares into his/her name and to enter his/her name into the relevant Register.

• The Tier 2 Participant will receive a lump-sum payment equal to fifty percent (50%) of the Tier 2 Participant’s target bonus as in effect for the fiscal year in which the Tier 2 Participant’s termination of employment occurs.

• A disabled Tier 2 Participant with at least 10 years of service is entitled to the greater of:• A monthly benefit equal to the non-PEPRA Occupational Disability Benefit payable immediately, and• The PEPRA Retirement Benefit, which may be elected at age 52 (or later, if the member defers receipt).

More Definitions of Tier 2 Participant

Tier 2 Participant means each Participant who is an E2 or E1 executive immediately prior to a Change in Control.

Tier 2 Participant means a Participant who has been designated by the Committee as a Tier 2 Participant in accordance with Section 3.2 below.

Tier 2 Participant means each of the Tier 2 Participants who may be set forth on Exhibit A-1 to this Plan from time to time. For purposes of this definition, if an employee is designated a Tier 2 Participant on Exhibit A-1 immediately prior to a Change in Control, such employee shall be eligible for benefits as such under this Plan.

Tier 2 Participant means each individual who is designated by the Board on or after the date hereof as a Tier 2 Participant.

Tier 2 Participant means a Participant other than a Tier 1 Participant.

Tier 2 Participant means (i) any executive officer of the Company (other than a Tier 1 Participant) required to file reports of beneficial ownership with the Securities and Exchange Commission pursuant to Section 16(a) of the Exchange Act and the rules and regulations promulgated thereunder and (ii) any employee selected by the Committee as a covered employee eligible under this Plan (employees selected by the Committee will be referred to as “Selected Tier 2 Participants”). The Committee will select Selected Tier 2 Participants annually at the meeting in which it sets executive compensation for the next fiscal year. Selected Tier 2 Participants will remain eligible as a Participant under this Plan for the fiscal year for which the Committee approved eligibility. During the fiscal year, the Committee may change the status of a Selected Tier 2 Participant if he or she has a change in employment status (examples: removal from eligibility because of a demotion or added as eligible because of a promotion). Notwithstanding the foregoing, a Selected Tier 2 Participant may not lose covered employee status as a Selected Tier 2 Participant by the Committee if he or she was a Participant and was eligible for benefits under Section 3.1, Rights to Unpaid Compensation and Severance Benefits, for a Change in Control occurrence.

Tier 2 Participant means a Participant who is designated by the Committee, in its sole discretion, as a Tier 3 level Participant.