Covered Participant definition

Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, or who the Committee believes will be such a covered employee for a Performance Period, and who the Committee believes will have remuneration in excess of $1,000,000 for the Performance Period, as provided in Section 162(m) of the Code.
Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.
Covered Participant means a Participant who is a "covered employee" as defined in Code Section 162(m)(3) and the regulations promulgated thereunder.

Examples of Covered Participant in a sentence

  • The Performance Goals, the objective formula or standards for computing the number of Performance Shares payable to a Covered Participant if the Performance Goals are attained and the Performance Period shall be established by the Committee in writing prior to the beginning of the Performance Period, or by such other later date as may be permitted under Section 162(m) of the Code.

  • The value of Performance Units payable to a single Covered Participant pursuant to this Plan shall not exceed .5% of Operating Cash Flow during any applicable Performance Period.

  • The Award and payment of any Award under this Plan to a Covered Participant with respect to a relevant Performance Period shall be contingent upon the attainment of the Performance Goals that are applicable to such Covered Participant.


More Definitions of Covered Participant

Covered Participant means a Participant who is a “covered employee” under Code Section 162(m).
Covered Participant means a Participant who is a “covered employee” as defined in Code Section 162(m) (3).
Covered Participant means a Participant who is a “covered employee” under Section 162(m) of the Code.
Covered Participant means a Participant who is a covered employee as defined in Section 162(m)(3) of the Code and the regulations promulgated pursuant to it or who the Committee believes will be such a covered employee for all or any portion of a Performance Period during which Section 162(m) of the Code applies to any compensation paid to the Participant.
Covered Participant means a Participant who is (or, in the judgment of the Administrator, could reasonably be expected to become) a "covered employee" defined in Section 162(m)(3) of the Code.
Covered Participant shall have the meaning set forth in Section 7.6(b).