Covered Employee definition

Covered Employee means an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.
Covered Employee means the chief executive officer and the four (4) other highest compensated officers of the Company for whom total compensation is required to be reported to stockholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code.
Covered Employee means an Employee who is a “covered employee” under Section 162(m)(3) of the Code.

Examples of Covered Employee in a sentence

  • The Substance Abuse Prevention Coordinator (SAPC) will evaluate a Covered Employee who has tested positive for alcohol and/or drugs.

  • The SFMTA shall make best efforts to ensure that a Covered Employee subject to testing is safely transported to and from the collection site.

  • If any of those tests are “non-negative” will a confirmation test be performed.This on-site test is to enable the Covered Employee and the SFMTA to know immediately whether that employee has been cleared for work.


More Definitions of Covered Employee

Covered Employee means any Employee who is, or could be, a “covered employee” within the meaning of Section 162(m) of the Code.
Covered Employee means a Participant who is, or is determined by the Committee to be likely to become, a “covered employee” within the meaning of Section 162(m) of the Code (or any successor provision).
Covered Employee means a covered employee as defined in Code Section 162(m)(3).
Covered Employee means a “covered employee” within the meaning of Section 162(m) of the Code.
Covered Employee means an Eligible Person who is a Covered Employee as specified in Section 8(e) of the Plan.
Covered Employee means a Participant who, as of the date of vesting and/or payout of an Award, as applicable, is one of the group of "covered employees," as defined in the regulations promulgated under Code Section 162(m), or any successor statute.
Covered Employee means any Employee who is or may become a “Covered Employee,” as defined in Section 162(m) of the Code, and who is designated, either as an individual Employee or class of Employees, by the Committee within the shorter of: (a) ninety (90) days after the beginning of any Performance Period, or (b) twenty-five percent (25%) of any Performance Period has elapsed, as a “Covered Employee” under this Plan for such applicable Performance Period.