Definition of Eligible Individuals Sample Clauses

Definition of Eligible Individuals. In addition, to the extent not already accomplished, within 120 days after the Effective Date of the CIA, Insys shall modify and supplement their annual bonus plans applicable to an Eligible Individual (and any employment agreements, as appropriate) by imposing the following eligibility and repayment conditions on future Cash Awards and Equity Awards made beginning on January 1, 2020 and making the additional remedies discussed below applicable to all eligible individuals who are officers, executives, or employees of Insys (collectively, “Eligible Individuals”) Insys shall implement policies and procedures and, as necessary, shall modify contracts with Eligible Individuals so that beginning no later than January 1, 2020 the Cash Awards and Equity Awards may be recouped if an Affirmative Recoupment Determination is made. The forfeiture and recoupment rights described in this Paragraph shall apply prospectively to Eligible Individuals beginning no later than the incentive plan applicable beginning on January 1, 2020.‌
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Related to Definition of Eligible Individuals

  • Definition of Employees A. Full-time employee is defined as a person employed in a position that is scheduled for forty (40) hours per week.

  • Definition of Employee 5.01 In this Agreement "employee" means a person who is employed by the Company and who is included in a unit of the Company's employees for whom the Union has been certified as the collective bargaining agent by the Labour Relations Code of B.C. "

  • DEFINITION OF EMPLOYEE STATUS 8.01 The status of all employees covered by this agreement shall be defined under one of the following three definitions.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Definition of Affiliate For purposes of this Agreement, the term "Affiliate" shall mean any entity, individual, firm, or corporation, directly or indirectly, through one or more intermediaries, controlling, controlled by, or under common control with Employer.

  • Covered Employees Employees with rights under this Article include permanent status employees and exclude provisional employees, employees in their original probationary periods and other employees who do not have permanent status. Employees with limited status, including employees who voluntarily accept a promotion, transfer, or demotion from a permanent position to a limited service position are also excluded; however, an employee with limited status in a limited service position has rights under this article with three (3) or more years of prior service as a Permanent status classified employee or after three (3) consecutive years in one (1) or more limited service position(s), or any combination of three

  • Alternative Employment An employer, in a particular redundancy case, may make application to the Commission to have the general severance pay prescription varied if the employer obtains acceptable alternative employment for an employee.

  • Eligible Employees Regular and probationary, full time and less than full-time employees (on a pro rata basis) are eligible to participate in this program. Sec. 903 COURSES ELIGIBLE: The following criteria will be used in determining eligibility for reimbursement:

  • All Employees The Company shall not include the shift differential in any employee’s wage rate for the calculation of overtime.

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

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