Examples of Top Executive in a sentence
Election for the repurchase by the Company of Common Stock held by any Top Executive shall be made by a special committee of the Board of Directors, a majority of which consist of Acquisition Company Directors (the "Committee").
All amounts shall be distributed to the Top Executive in a single lump sum in the January following the calendar year in which the Top Executive's employment Terminates unless the Top Executive has elected to have any amounts deferred in accordance with this Section 5.06 paid in annual installments over a period of five (5) years as described in, and in accordance with, Section 5.03.
If necessary, all of a Participant's Cash Portion shall be deferred, in which case any applicable payroll taxes shall be deducted and paid from such Top Executive's regular salary checks unless the Top Executive reimburses the Company separately for such payroll taxes.
The Company's election to repurchase pursuant to this section all of the Common Stock held by any Executive other than a Top Executive shall require the approval of a majority of the Board of Directors.
In addition, Adjusted operating income/(loss) is one of the metrics used in the determination of the annual performance bonus for the Chief Executive Officer of the Company and other eligible employees, including members of the Top Executive Team.