Disqualified Employee definition

Disqualified Employee means an employee of the Corporation who, either directly or indirectly at the time an option is granted, owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation or any subsidiary or parent of the Corporation. For purposes of this determination, the employee shall be considered as owning the stock owned, directly or indirectly, by or for his spouse, brothers and sisters (whether by whole or half-blood), ancestors, and lineal descendants; and stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust shall be considered as being owned proportionally by or for a shareholder.
Sample 1Sample 2Sample 3
Disqualified Employee means an Employee who has been disqualified by virtue of Clause 20 of this Plan.
Sample 1Sample 2
Disqualified Employee means an employee of the Company who owns, or is deemed to own under Sections 421(d) of the Code, at the time an option is granted more than ten (10) percent of the total combined voting power of all classes of stock of the Company or any subsidiary or parent of the Company.
Sample 1

Examples of Disqualified Employee in a sentence

  • The Amount Due shall become immediately due and payable in full and shall be promptly repaid by such Disqualified Employee.

  • Notwithstanding Paragraph 2, Options may be granted to Disqualified Employees under the Plans if, at the time an Option is granted to a Disqualified Employee, the purchase price of the stock under such Option is at least one hundred ten percent (110%) of the fair market value of the stock subject to the Option and such Option is not exercisable after the expiration of five (5) years from the date such Option is granted.

  • Thesis, Indian Institute of Technology, New Delhi, India, May 1993.

  • Except as provided in Paragraph 7, no Option shall be granted to a Disqualified Employee.

  • Disqualified Employee: When it is believed that a permanent employee is disqualified in that he or she does not measure up to minimum job requirements:1.

  • Any Disqualified Employee that fails to provide a completed and signed copy of the “Contractor Information – Disqualified Persons” form must not be permitted to perform this type of work under the Contract.

  • Any Employee, other than a Disqualified Employee, who is offered employment by Buyer at Closing, and who accepts such offer will receive employee welfare and retirement benefits similar to those currently provided to similarly situated employees of Buyer and will be given credit for all service with GFI for the purpose of determining eligibility and vesting with respect to the Dixie Yarns, Inc.

  • In the past 12 months, no access to emergency medical and mental health services was required due to an incident of sexual abuse.

  • Any Disqualified Employee that fails to provide a completed and signed copy of the “Contractor Information – Disqualified Persons” form shall not be permitted to perform involving such access under the Contract.

  • Employees of the Corporation who have been employed by the Corporation for at least one (1) year shall be eligible for selection to participate in the Plan as determined from time to time by the Board, No Option shall be granted to a Disqualified Employee.


More Definitions of Disqualified Employee

Disqualified Employee means an employee of the Corporation who, either directly or indirectly at the time an option is granted, owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation or any subsidiary or parent of the Corporation. For purposes of this determination, the employee shall be considered as owning the stock owned, directly or
Sample 1

Related to Disqualified Employee

  • Qualified employee means an individual who:

  • Qualified employer means the federal government.

  • Specified Employee means an employee who at the time of Separation from Service is a key employee of the Bank, if any stock of the Bank is publicly traded on an established securities market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during the twelve (12) month period ending on December 31 (the “identification period”). If the employee is a key employee during an identification period, the employee is treated as a key employee for purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the close of the identification period.

  • Classified employee means a member of the unit.

  • Qualified employment position means a permanent full-time

  • Specified Employees means Xxxxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxx X. XxXxxxx, Xxxxx X. Xxxxxx, Xxxxx X. Xxxxxxxx, Xxxxxx X. Xxxxx, Xxxxxx Uyermatsu, Xxxxxx X. XxXxxx, Xxxxx Xxxxxxx, Xx., Xxxxxx Xxxxxxx, Xx., Xxxxxx X’Xxxxx, Xxxxx Xxxxxx and Xxxx Xxxxxxxxx.

  • Disqualified Equity means any Equity Interest that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case, at the option of the holder of the Equity Interest), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the Equity Interest, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Equity Interest that would constitute Disqualified Equity solely because the holders of the Equity Interest have the right to require Targa Resources Partners to repurchase such Equity Interest upon the occurrence of a change of control or an asset sale will not constitute Disqualified Equity if the terms of such Equity Interest provide that Targa Resources Partners may not repurchase or redeem any such Equity Interest pursuant to such provisions unless such repurchase or redemption complies with Section 4.07 hereof.

  • Disqualifying Event has the meaning specified in the definition of “Eligible Currency”.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Disqualifying offense means a conviction directly related to the duties and responsibilities of the profession. A conviction is directly related to the duties and responsibilities of the profession if either

  • Separation from Service or “Separates from Service” means a “separation from service” within the meaning of Section 409A of the Code.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Disqualified Person has the meaning assigned to such term in Section 9.05(f)(ii).

  • Separates from Service or “Separation from Service” means the Participant’s termination of service as a non‑employee director and as an employee of UGI for any reason other than death and shall be determined in accordance with section 409A of the Code.

  • Qualified individual with a disability means an individual with a disability who satisfies the requisite skill, experience, education and other job-related requirements of the employment position such individual holds or desires, and who, with or without reasonable accommodation, can perform the essential functions of such position.

  • Disqualified Equity Interest means, with respect to any Person, any Equity Interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition:

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Eligible casual employee means a casual employee employed during a period of at least 12 months, either: