Tier 4 Participant definition

Tier 4 Participant means each of the Tier 4 Participants who may be set forth on Exhibit A-3 to this Plan from time to time. For purposes of this definition, if an employee is designated a Tier 4 Participant on Exhibit A-3 immediately prior to a Change in Control, such employee shall be eligible for benefits as such under this Plan.
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Tier 4 Participant means each Participant designated in Schedule A hereto as a Tier 4 Participant, as that schedule may be amended in accordance with Section 2.01.
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Tier 4 Participant means a Participant who has been designated by the Committee as a Tier 4 Participant in accordance with Section 3.2 below.
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Examples of Tier 4 Participant in a sentence

  • In the case of a Tier 4 Participant, (i) a lump sum payment within sixty (60) days following such Participant’s Termination Date in an amount equal to the sum of (A) the Participant’s highest Annual Salary in the three years preceding the Termination Date plus (B) the Participant’s highest target bonus for the year of termination; plus (ii) payment of all Accrued Obligations as soon as practicable following the Termination Date.

  • At the time the Committee designates an Employee as a Participant, the Committee shall also designate whether such Employee is a Tier 1 Participant, a Tier 2 Participant, a Tier 3 Participant or a Tier 4 Participant.

  • For example, a Tier 4 Participant with 3 Years of Service will be entitled to 9 months of Severance Payments, and if this Participant’s Termination Date is February 23 in a particular calendar year, Severance Payments will be made for the period beginning on February 23 and ending on November 23 in the same calendar year.

  • In the case of a Tier 4 Participant, (i) a lump sum payment within sixty (60) days following such Participant's Termination Date in an amount equal to the sum of (A) the Participant's highest Annual Salary in the three years preceding the Termination Date plus (B) the Participant's highest target bonus for the year of termination; plus (ii) payment of all Accrued Obligations as soon as practicable following the Termination Date.

  • Whether a Participant receives Tier 1 Participant Separation Benefits or Tier 2 Participant Separation Benefits as set forth in Section 4.2, Tier 3 Participant Separation Benefits or Tier 4 Participant Separation Benefits as set forth in Section 4.3 or Tier 5 Participant Separation Benefits or Tier 6 Participant Separation Benefits as set forth in Section 4.4 will depend upon his or her classification as determined under this Section 3.2.

  • If the Participant is a Tier 3 Participant or a Tier 4 Participant whose employment is terminated in circumstances entitling such Participant to Separation Benefits pursuant to Section 4.1(a), the Company or the Employer shall provide to such Participant payments as set forth in Section 4.3(b) below, and shall provide to the Participant additional benefits as set forth in Section 4.3(c) below.

  • Article II, “Definitions” of the Plan is amended by adding a new definition for “Tier 5 Participant” under the Plan as follows:Tier 5 Participant means a Participant who is neither a Tier 1 Participant, nor a Tier 2 Participant, nor a Tier 3 Participant, nor Tier 4 Participant.


More Definitions of Tier 4 Participant

Tier 4 Participant means each individual who is designated by the Company’s Chief Executive Officer on or after the date hereof as a Tier 4 Participant.
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Tier 4 Participant means a Participant who is a Key Employee designated as a Tier 4 Participant by the Committee.
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Tier 4 Participant means each Employee holding the applicable title set forth on Exhibit A.
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Related to Tier 4 Participant

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

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

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

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • 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.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • 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.

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

  • 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).

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • 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.

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

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

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

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

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

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

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

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

  • Eligible employer means any municipality with a municipal

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).