Tier I Participant definition

Tier I Participant means any Employee designated by the Committee as a Tier I Participant in the Plan and identified as such in the records of the Plan maintained by the Company at any time during the term of the Plan.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tier I Participant means the Chief Executive Officer.

Tier I Participant means a Participant who is a C-level officer at the time of a Change in Control Termination.

Examples of Tier I Participant in a sentence

Tier I Participant 18 months Tier II Participant 12 months Tier III Participant 9 months The COBRA Severance Benefit described above will be paid regardless of whether or not the Participant and/or the Participant's enrolled spouse and/or dependents elect to continue their group health plan coverage pursuant to COBRA or otherwise.
For purposes of subsections (c)(i) and (ii) above, the Tier I Participant’s Benefit Percentage shall be determined as if his or her employment had been terminated after attaining the later of (A) age 55 or (B) the actual age of the Tier I Participant on the date of termination of employment.
In connection with your promotion to the CEO position, you will be designated as a Tier I Participant (i.e., the highest level of participation), subject to the terms and conditions set forth in the Severance Plan.
Notwithstanding anything to the contrary herein, in no event shall any payment of a Change in Control Benefit under this subsection 2.4(b) exceed $1,000,000 on an annualized basis for any Tier I Participant, or $750,000 on an annualized basis for any Tier II Participant.
You are designated as a [Tier I Participant] [Tier II Participant].

More Definitions of Tier I Participant

Tier I Participant means any Participant who is the Chief Executive Officer of the Company.

Tier I Participant means (i) a Participant with the title of Chief Executive Officer of the Company, and (ii) any other Participant specifically classified as a Tier I Participant by the Committee, as determined in the Committee's sole discretion.

Tier I Participant means any Participant designated by the Plan Administrator as a Tier I Participant (as set forth in the Participant’s Participation Notice).

Tier I Participant means each key management employee designated by the Board as a Senior Officer of the Company, each Divisional Vice President, each Operations Vice President, each Regional Vice President, and each other person so designated by the Committee.

Tier I Participant means a Covered Employee who is a Section 16 officer and who is not the Chief Executive Officer at the time of an Involuntary Termination or such other officer as may be designated as a “Tier I Participant” from time to time by the Board and who remains an officer in the same or substantially similar position at the time of an Involuntary Termination.

Tier I Participant means an individual employed by the Employer who satisfies the requirements described in Article II for Tier I Participants. The names of Tier I Participants as of the date hereof are listed in the Appendix.

Tier I Participant means, unless otherwise designated by the Committee before the Change Date, a Participant who, on the Termination Date, is classified in a band more senior than the direction band under the employment level categories regularly applied by the Company’s Human Resource function (but disregarding any reduction to a lower employment level category after the Change Date that would constitute Good Reason).