Vested Executive definition

Vested Executive means an Executive who is age 55 or older, who has five or more Years of Service and who has been in an Eligible Position for at least three years; provided, that in the sole discretion of, and by written action of, the Plan Administrator, an Executive who is not age 55, who has fewer than five Years of Service and/or who has not been in an Eligible Position for at least three years may be designated a Vested Executive for the limited purpose of this Plan. Notwithstanding the foregoing, an Executive will not be treated as a Vested Executive if the Executive is Terminated for Cause.
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Vested Executive means an Executive who is either: (i) age 55 or older and who has five or more Years of Service; or (ii) vested in benefits payable under the Mattel, Inc. Supplemental Executive Retirement Plan.
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Vested Executive means, Executive if he has attained age 55 or older, has five or more years of Vesting Service (as defined in the Honeywell Retirement Earnings Plan), and has been the Chief Executive Officer of Honeywell for at least three years; provided that in the sole discretion of the Board of Directors of Honeywell, if Executive is not age 55, has
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Examples of Vested Executive in a sentence

  • All other restrictions on the Transfer of Vested Executive Stock pursuant to the Management Agreement (i) shall apply equally to any IPO Vesting Shares, (ii) remain in full force and effect and (iii) have not been modified by this Agreement.

  • The proposed location of the Joe Hill Memorial is the existing free-standing wall at 100 W.

  • The number of shares of Vested Executive Stock to be repurchased by the Company shall first be satisfied to the extent possible from the shares of Vested Executive Stock held by Executive at the time of delivery of the Repurchase Notice.

  • Notwithstanding any provision to the contrary in the Senior Management Agreement, upon the consummation of a Public Offering, all unvested shares of Reserved Stock shall automatically become vested and shall be Vested Executive Stock for all purposes under the Management Agreement, except as specifically provided for herein.

  • Notwithstanding any provision to the contrary in the Senior Management Agreement, upon the consummation of a Public Offering, all unvested shares of Executive Stock shall automatically become vested and shall be Vested Executive Stock for all purposes under the Management Agreement, except as specifically provided for herein.

  • Upon the written action of the Plan Administrator if the Participant terminates employment with Mattel (or any subsidiary or affiliate of Mattel) prior to being a Vested Executive.

  • Subject to paragraph 4.B(h) below, the purchase price for the Unvested Executive Securities on the Termination Date if Executive is terminated for death, permanent disability or without Cause will be the Executive's Original Cost; and the purchase price for the Vested Executive Securities shall be the Fair Market Value for such Vested Executive Securities, as of the date of termination.

  • Notwithstanding anything herein to the ------------------------- contrary, if Executive is terminated without Cause all Unvested Executive Securities shall become Vested Executive Securities and such Executive Securities shall be subject to repurchase at Fair Market Value of such Executive Securities.

  • Subject to paragraph 7(g) ------------------------------------ below, the purchase price for the Unvested Executive Securities on the Termination Date if Executive is terminated for Cause, death, permanent disability or he resigns, will be the Executive's Original Cost; and the purchase price for the Vested Executive Securities shall be the Fair Market Value for such Vested Executive Securities, as of the date of termination.

  • Notwithstanding anything herein -------------------------------- to the contrary, if Executive is terminated without Cause all Unvested Executive Securities shall become Vested Executive Securities and such Executive Securities shall be subject to repurchase at Fair Market Value of such Executive Securities.


More Definitions of Vested Executive

Vested Executive means, Executive if he has attained age 55 or older, has five or more years of Vesting Service (as defined in the Honeywell Retirement Earnings Plan), and has been the Chief Executive Officer of Honeywell for at least three years; provided that in the sole discretion of the Board of Directors of Honeywell, if Executive is not age 55, has fewer than five years of Vesting Service or has not been Chief Executive Officer of Honeywell for at least three years, Executive may be designated as a Vested Executive for the limited purpose of this Agreement. Notwithstanding the foregoing, Executive shall not be treated as a Vested Executive if Executive is Terminated for Cause.
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Vested Executive means an Executive who is currently employed and age 65 or older, who has ten or more Years of Service and who has been employed in an Eligible Position for at least five years; provided, that in the sole discretion of, and by written action of, the Committee or the Board of Directors of Lear, an Executive who is not age 65, who has fewer than ten Years of Service and/or who has not been employed in an Eligible Position for at least five years may be designated a Vested Executive. Notwithstanding the foregoing, an Executive will not be treated as a Vested Executive if the Executive is Terminated for Cause or at any time within three years of the Participant's termination of employment provides services without Lear's consent to an entity which is a Competitor. A former xxployee of Lear shall not be considered a Vested Executive unless he or she qualifies as a Vested Executive as of the date of his or her termination of employment, unless otherwise designated a Vested Executive by the Committee.
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Related to Vested Executive

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • Named Executive means any individual who, on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among the four most highly compensated officers of the Company (other than the chief executive officer). Such officer status shall be determined pursuant to the executive compensation disclosure rules under the Exchange Act.

  • Eligible Executive means any employee of the Company or an Affiliate of the Company who (i) is designated by the Committee as an “Eligible Executive” who is eligible to participate in the Plan; (ii) has executed and returned a Participation Agreement to the Company; (iii) is not covered under any other severance plan, policy, program or arrangement sponsored or maintained by the Company or any of its Affiliates; and (iv) is not a party to an employment or severance agreement with the Company or any of its Affiliates pursuant to which such employee is eligible for severance payments or benefits. The Committee shall have the sole discretion to determine whether an employee is an Eligible Executive. Eligible Executives shall be limited to a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA.

  • Key Executive means an employee of a Textron Company who has been and continues to be designated as a Key Executive under the Plan by Textron’s Chief Executive Officer and Chief Human Resources Officer.

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • the Executive means the Health and Safety Executive;

  • Key Executives means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxxxx, jointly and severally.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Date of Employment means: (i) in the case of an Employee whose employment commenced between the 1st and 15th days inclusive of any month, the 1st day of that calendar month; or (ii) in the case of an Employee whose employment commenced between the 16th and last days inclusive of any month, the 1st day of the following calendar month.

  • 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.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Executives has the meaning set forth in Section 12.2(a).

  • Post-Employment Period means the eighteen month period beginning on the date of termination of the Executive's employment with the Employer. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary or against public policy, such covenant shall be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive shall, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after accepting any other employment, of the identify of the Executive's employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer's election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • Executive means the individual named in the first paragraph of this Agreement.

  • The Employer or “The Purchaser” means the "Registrar General, High Court of Madhya Pradesh, Jabalpur" and the "District Judge" of the District Courts.

  • Female employee means an employed female who is pregnant or is caring for a child she has borne or a child who has been placed with her for adoption purposes.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.