Examples of Designated Executives in a sentence
In such cases, the Designated Executives will determine the new participant’s Target Percentage (described below) and other terms of participation (except with respect to the CIO or any other executive officer, as to whom all determinations must be made by the Committee).
In all other cases, the Designated Executives shall have full authority to determine the incentive plan or plans in which any employee shall participate during the Plan year and the weighting factor (if any) that will apply to each such plan.
Other eligible employees of the Company may be selected for participation in the Plan for or at any time during the Plan year by the Designated Executives.
Target Percentages may vary among Plan participants and may be changed from year to year by or under the direction of the Designated Executives (or in the case of the CIO or any other executive officer, by the Compensation Committee).
All Designated Executives are permitted five years from the effective date of the ESO Policy to achieve the required minimum ownership of shares.