Disqualified Individual definition

Disqualified Individual has the meaning set forth in Section 5.14(b).

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Disqualified Individual has the meaning set forth in Section 4.10(f).

Disqualified Individual means any individual who is -

Examples of Disqualified Individual in a sentence

• No Disqualified Individual or Applicable Employee is entitled to receive any additional payment (e.g., any Tax gross-up or any other payment) from Sellers or any Subsidiaries of Sellers in the event that the additional or excise Tax required by Section 409A or 4999 of the Tax Code, respectively is imposed on such individual.

• Contractors that want to be informed by e-mail of future contracting opportunities that may be of interest to them that are advertised in the New York State Contract Reporter, may sign up for a free account by going to ▇▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇.▇▇▇.

• In accordance with an amendment to the Aged Care Act 1997 and the Sanctions Principles concerning “disqualified individuals”, it is a condition of this offer that you are not a Disqualified Individual and that you agree to provide the necessary information for clearance to be given.

• To the extent any Disqualified Individual fails to waive any Parachute Payments or the Company fails to perform a proper Section 280G Stockholder Vote with respect to any Disqualified Individual, then the value of any otherwise available U.S. federal Tax deduction associated with Parachute Payments made by the Company and its Affiliates following the Closing and lost pursuant to Section 280G of the Code shall be treated as “Transaction Expenses”.

• If the 280G Shareholder Vote fails to achieve the requisite approval in respect of any Disqualified Individual or otherwise does not qualify for such exemption, the Seller shall provide to the Buyer the name of such individual and the amount waived or otherwise subject to such approval, and no amount so waived or otherwise subject to such approval shall be paid to any such individual.

More Definitions of Disqualified Individual

Disqualified Individual means any Business Employee who is a “disqualified individual” (as defined in Treasury Regulation Section 1.280G-1) with respect to Seller.

Disqualified Individual means, with respect to a corporation, any individual who, at any time during the 12-month period beginning on the date which is 6 months before the in- version date—

Disqualified Individual has the meaning set forth in Section 280G(c) of the Code (or any successor provision thereto).

Disqualified Individual is defined in Section 7.11.

Disqualified Individual means an individual as defined in Code Section 280G(c) and Treasury Regulation Section 1.280G-1, Q&A-15 to Q&A-21.

Disqualified Individual means a Qualified Individual that (1) has been removed from the Executive Committee for Cause (as defined in the Investor Rights Agreement, and as applicable), (2) is found by either the Board or a final non-appealable judgement of a court of competent jurisdiction to have breached (and not cured, if curable) a non-competition covenant agreement with the Corporation or any of its Subsidiaries or (3) is deceased.

Disqualified Individual has the meaning set forth in Section 3.27.