Covered Executive definition
Examples of Covered Executive in a sentence
Until the Guideline is met, it is recommended that a Covered Executive retains a portion of any stock option exercise or LTIP award in common shares of the Corporation to contribute to these Guidelines.
If you have been designated by the Committee (or its delegate) as a Covered Executive, this Performance Share Award is bound by the terms of the Clawback Policy, including without limitation all provisions relating to the recoupment of any vested portion of the award.
The Board recommends that the Covered Executives achieve the equity ownership levels within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold such number of common shares or share equivalents recommended for so long as they are Covered Executives.
If you have been designated by the Committee (or its delegate) as a Covered Executive, this Restricted Share Award is bound by the terms of the Clawback Policy, including without limitation all provisions relating to the recoupment of any vested portion of the Award.
In calculating the SERP Enhancement, the Company shall use actuarial assumptions no less favorable to the Covered Executive than the most favorable of those in effect under the Company’s qualified defined benefit plan applicable to Executive at any time from the day immediately prior to the Change in Control.