During Executive definition

During Executive s employment, the Corporation shall cause Executive to be covered by all the Corporation's employee benefit plans, in effect from time to time, for which Executive is eligible, including without limitation, any retirement plan or group insurance. The Corporation does not presently have any group life insurance or group long-term disability insurance program; however, the Corporation is in the process of exploring the implementation of such programs. Upon implementation, it is the Corporation's present expectation that the Executive will be covered by group life insurance in an amount equal to at least one year's Base Salary and group long-term disability insurance. In addition, to facilitate Executive's travel on Corporation business, during employment the Corporation shall furnish Executive, without cost to Executive, but in accordance with any applicable IRS requirements and limitations, a Corporation owned or leased, and Corporation insured, automobile chosen by the Corporation. Notwithstanding the foregoing, Executive recognizes that each year the Corporation must report to the IRS an amount of income to be charged to Executive as taxable income representing the fair value of Executive's personal use of such automobile. In addition, the Corporation shall pay or reimburse all reasonable expenses of maintaining and operating such automobile.

Examples of During Executive in a sentence

  • During Executive meetings in October 2016 and July 2017, Members decided to ultimately finance the purchase of property at Hospital Fields Road and Swinegate from Capital receipts.

  • During Executive Session, all non-members of the Student Government must leave the room.

  • During Executive Session, the following matters were discussed and/or voted upon: The Board discussed a personnel matter at one of the public universities.

  • During Executive Session, the following matters were discussed and/or voted upon: On motion by Trustee Pickering, seconded by Trustee Hooper, with Trustees Cummins and Parker absent and not voting, all Trustees legally present and participating voted unanimously to approve President Bill LaForge’s request to serve on The Pittman Educational Trust for the Benefit of the First Baptist Church of Cleveland, MS.

  • During Executive Session, the following matters were discussed:The Committee discussed the first set of strategic business plans related to a public hospital.

  • The Postal Service is agreeable to engaging in such discussions but opposes the moratorium.10 During Executive Session, I advised the parties of my broad ruling on this issue, as well as the issues that follow, and instructed them to develop MOUs to implement my holdings.

  • During Executive Remarks, each Executive member, the Student Services Manager, and the Managing Director shall speak for no more than three (3) minutes, unless Council approves an extension by Resolution.

  • During Executive Session, the following matters were discussed and/or voted upon: On motion by Trustee Hooper, seconded by Trustee Dye, all Trustees legally present and participating voted unanimously to approve the settlement of UMMC Tort Claim No. 1808 styled as Greg Gabriel vs.

  • During Executive Session, the Committee discussed strategic business plans for a public hospital.No action was taken.

  • During Executive Session, the following matters were discussed and/or voted upon: The Board discussed a state university personnel matter.

More Definitions of During Executive

During Executive s employment, the Company shall pay Executive an annualized base salary of $440,000 ("Base Salary") payable in equal installments pursuant to the Company's customary payroll policies in force at the time of payment (but in no event less frequently than monthly), less all required and authorized payroll deductions and state and federal withholdings. Executive's Base Salary may be adjusted from time to time in the sole discretion of the Board or the Compensation Committee of the Board (the "Compensation Committee") and shall be reviewed annually by the Compensation Committee.
During Executive s Protection Period, Executive's Employer shall continue to provide Executive and Executive's family with medical and/or health benefits on the same basis as provided to active executive management employees immediately prior to Executive's Date of Termination; provided, however, that Executive shall continue to pay the costs (including premiums and co-payments) he was required to pay for such medical and/or health coverage prior to his Date of Termination (in the event such continuation of coverage is not permitted under the Employer's medical and/or health plan, such coverage shall be secured through COBRA continuation coverage which shall be provided at the Employer's expense for the duration of Executive's Protection Period).

Related to During Executive

  • Covered Executive means, with respect to any Fiscal Year, each individual who is a "Covered Employee" of the Corporation for such year for the purpose of section 162(m) of the Code.

  • the Executive means the Health and Safety Executive;

  • Executive means the individual named in the first paragraph of this Agreement.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Key Executive means an employee of a Textron Company who has been and continues to be designated as a Key Executive under the Plan by Textron’s Chief Executive Officer and Chief Human Resources Officer.

  • Employment Period has the meaning set forth in Section 2.01.

  • Employment Term means the Initial Employment Term and any Renewal Term.

  • Term of Employment means the period specified in Section 2 below.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Consulting Period has the meaning assigned thereto in Section 14(f) hereof.

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Named Executive means any individual who, on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among the four most highly compensated officers of the Company (other than the chief executive officer). Such officer status shall be determined pursuant to the executive compensation disclosure rules under the Exchange Act.

  • Key Executives means those employees of the Company who, with respect to a particular Plan Year, are deemed to hold positions which may substantially influence the attainment of Performance Goals. Employees designated as Key Employees for the Annual Bonus and/or Long Term Bonus purposes, may or may not, in the discretion of the Committee be eligible to earn Incentive Compensation under the other portion of this Plan and may or may not be eligible to earn Incentive Compensation in future years under any portion of this Plan.

  • Year of Employment means a period of service of 12 months.

  • Eligible Executive means a highly compensated or management level employee or Director of the Company selected by the Committee to be eligible to participate in the Plan.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Date of Termination means (i) if the Executive's employment is terminated by the Company for Cause, or by the Executive for Good Reason, the date of receipt of the Notice of Termination or any later date specified therein, as the case may be, (ii) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (iii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Post-Employment Period in this Section 8.2 shall mean the 12-month period beginning on the date of termination of the Executive’s employment with the Employer and the Employer shall have no right to further extend the period pursuant to this Section 8.2. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary, or against public policy, such covenant will be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them, as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, will be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive will, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within 10 days after accepting any other employment, of the identity of the Executive’s employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer’s election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • Executives has the meaning set forth in Section 12.2(a).

  • Severance Term means the twelve (12) month period following Employee’s termination by the Company without Cause (other than by reason of death or Disability) or by Employee for Good Reason.

  • Scope of employment means performance by an employee acting in good faith within the duties of the employee’s office or employment or of tasks lawfully assigned by a competent authority including the operation or use of an agency vehicle or equipment with actual or implied consent of the supervisor of the employee, but shall not include corruption or fraud;

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • CIC means the Construction Industry Council.

  • Agreement Term has the meaning set forth in Section 11.1.