Examples of Tier 4 Employee in a sentence
As a condition to participation in the Plan, a Tier 4 Employee shall be obligated to notify the Company’s HR Service Center in writing within 30 days after such Tier 4 Employee first becomes eligible for any health benefit coverage through any subsequent employer(s).
If participation in CIGNA International is not practicable because such Tier 4 Employee relocates to the United States, the Company shall arrange to provide such Tier 4 Employee (and any eligible dependents), to the extent such benefits were provided by CIGNA International, with insured medical, dental, vision, life insurance, and prescription drug benefits on the same basis as provided for Tier 4 Employees whose job duties are based in the United States.
Notwithstanding the foregoing or any provision of the Plan to the contrary, in no event will a Tier 4 Employee or Tier 5 Employee be eligible for the enhanced Severance Benefit provided under this Section 3.02.
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 4 Employee is terminated by the Employer without Cause, then the Employer shall pay or provide the Participant with the Severance Benefits.
Each Tier lb Employee is eligible for a Stay Bonus equal to 75% of his or her Annual Base Salary; each Tier 2 Employee is eligible for a Stay Bonus equal to 59.4% to 70% of his or her Annual Base Salary; each Tier 3 Employee is eligible for a Stay Bonus equal to 35% to 50% of his or her Annual Base Salary; and each Tier 4 Employee is eligible for a Stay Bonus equal to 2O% to 25% of his or her Annual Base Salary.
In order for any such delegation to be effective, the delegating party and the delegatee must first execute a written agreement (and deliver a copy thereof to the other party hereto) by which the delegating party delegates the particular duties, liability or obligations to the delegatee and such delegatee expressly assumes the performance and discharge thereof when due.
Subject to earlier expiration in whole or part as described in this subsection (C), the Continuation Period shall be as follows: (i) in the case of a Tier 1 Employee, for twenty-four months from the Severance Date, (ii) in the case of a Tier 2 Employee, for eighteen months from the Severance Date; (iii) in the case of a Tier 3 Employee, for twelve months from the Severance Date; and (iv) in the case of a Tier 4 Employee, for six months from the Severance Date.
For a Tier 4 Employee or Tier 5 Employee, such Participant and his dependents shall receive Continued Benefits for a period of twelve (12) months.
Each Tier 4 Employees’ entitlement to and receipt of benefits under this Section 2.6(b) shall be subject to the same benefit limits, co-payments, premium payments and deductibles to the same extent as if such Tier 4 Employee had continued to be a Tier 4 Employee of the Company during the Tier 4 Health and Welfare Benefit Continuation Period, and subject further to any changes to or termination of those benefits as may apply to continuing employees of the Company.
Subject to Sections 2.10 and 2.11 hereof, each Tier 4 Employee who incurs a Severance during the Effective Period shall be entitled to a cash lump sum payment equal to one and one-quarter times (1.25x) the Eligible Employee’s annual base salary as in effect immediately prior to the time that Notice of Termination is given or, if higher, in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.