Director Participant definition

Director Participant means a Participant who is a member of the Board or the board of directors of a Subsidiary that is not otherwise an employee of the Company or a Subsidiary.

Director Participant means a Participant who is a member of the Board or the board of directors of a Subsidiary.

Director Participant means a Director who is not also a full-time employee of the Company or any of its Subsidiaries.

Examples of Director Participant in a sentence

• Except as otherwise provided in this Section 6 or as otherwise may be provided by the Committee, no Stock Option issued to an employee or a Non-Employee Director of the Company may be exercised at any time during the term thereof unless the employee or a Non-Employee Director Participant is then in the Service of the Company or one of its Affiliates.

• No Employee, Consultant, Director, Participant, or other Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of employees, Participants or holders or Beneficiaries of Awards under the Plan.

• Except as specifically herein provided or provided in the Election Form and Agreement, no Eligible Director, Participant or other person shall have any claim or right to any Common Shares to be delivered in settlement of Share Units credited pursuant to the Plan.

• In the case of Director Participants, the Payment Commencement Date shall be no later than October 1 of the year after the Director Participant retires from the Board.

• No Employee, Consultant, Non-Employee Director, Participant, or other Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of employees, Participants or holders or Beneficiaries of Awards under the Plan.

More Definitions of Director Participant

Director Participant means a manager and director of the Company, the general partner of the General Partner, or other similar manager of the governing body of the General Partner who is not also (i) a shareholder or a direct or indirect employee of any Parent, or (ii) a direct or indirect employee of the Company, the Partnership, or a Subsidiary.

Director Participant means a Participant who receives an Award for his or her services as a Director.

Director Participant means a Director, who is not an officer or employee of the Company or of a Related Entity;

Director Participant means a director of the Corporation who is not an employee of the Corporation;

Director Participant means any Participant who is director of the Bank but excluding Employee Participants.

Director Participant means a director of the Company who is not an employee of the Company or a Subsidiary and includes a Director Participant’s Permitted Assigns;

Director Participant means a person who was a Director of the Company on July 1, 2002 or who becomes a Director thereafter, until his or her termination of service.