Employee Directors immediate family" means any child, stepchild, grandchild, spouse, son-in-law or daughter-in-law and shall include adoptive relationships; provided, however, that if the Company adopts a different definition of "immediate family" (or similar term) in connection with the transferability of employee stock options awarded to employees of the Company, such definition shall apply, without further action of the Board, to the Plan or this Option Agreement. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Non-Employee Director.

Employee Directors means those Directors who are not "Outside Directors."

Examples of Employee Directors in a sentence

Incentive Stock Options may be granted to Employees or Employee Directors of the Company or a “parent” or “subsidiary” corporation of the Company as those terms are used in Section 424 of the Code.
Awards other than Incentive Stock Options may be granted to both Employees and Employee Directors.
Employee Directors may participate in executive sessions at the discretion of a majority of the non-employee Directors present and voting.
All key Employees and all Employee Directors are eligible to be granted Awards by the Board under the Plan; provided that, no person shall be granted Awards of Restricted Stock unless such person is an Employee of the Company or an Employee of a wholly-owned consolidated subsidiary of the Company.
Form of Non-Employee Directors Stock Option Agreement and Grant pursuant to the Amended and Restated Non- Employee Directors Stock Option Plan.

More Definitions of Employee Directors

Employee Directors means at any time, as a group, the persons then serving as members of the Board of Directors by reason of being Employee Officials.

Employee Directors pursuant to Section 6.2 hereof, disability or retirement, and

Employee Directors means at any time, as a group, the persons then serving as Directors by reason of being Employee Officials.

Employee Directors retirement means retirement from service on the Board of Directors of the Corporation or the Association or any successor thereto (including service as a director emeritus) after attaining the age of 70.

Employee Directors as defined in Section 2.17.

Employee Directors means Lorin D. Smith and Scott G. Erchul.

Employee Directors as defined in Rule 16b-3(b)(3)(i) under the 1934 Act and "outside directors" as defined in Section 162(m) of the Code and the regulations promulgated thereunder. The Board may remove or add members of the Committee. If the Board does not appoint a Committee, any reference in the Plan or in any stock option agreements under the Plan shall mean the Board.