Executive Affiliates definition

Executive Affiliates means, with respect to an Executive, (i) Executive, (ii) his wife, (iii) any business entity in which Executive owns or controls more than a majority of the economic ownership interests in the equity of such entity and has the power to elect a majority of directors of such entity or otherwise has, directly or indirectly, actual control over the business and operations of such entity, (iv) any beneficiary of the Shareholder Trust other than Executive and his wife, but solely to the extent such beneficiary receives a distribution of shares of the Parent’s Class A Common Stock or any Related Common Stock from the Shareholder Trust and (v) any trust other than the Shareholder Trust of which Executive and/or his wife is the grantor and the sole beneficiaries of which are comprised solely of the group consisting of Executive, his wife and Any Permitted Holder.
Sample 1

Examples of Executive Affiliates in a sentence

  • The Executive will be permitted to continue to conduct oil and gas activities (including participation in new xxxxx) directly or through the Executive Affiliates, but only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement or which the Executive or the Executive Affiliates acquired from the Company under the Prior agreements (collectively, the “Prior Interests”).

  • If the foregoing clause (a) is applicable to a Program Well, then the Company will assign or allocate to the Executive or the designated Executive Affiliate a unit working interest in the Program Well sufficient to cause the Executive and the Executive Affiliates' combined interest in such Program Well to equal the Acquisition Percentage (including in such computation any Prior Interests).

  • If no contact from the Florida Freight Executive Affiliates list fills the needed gap in representation to keep the FLFAC a cross-section of public and private sector freight stakeholders, then the Governing Board may request additional applications for a replacement FLFAC committee member.

  • The Executive shall be permitted to continue to conduct such activities by, through, and under the Executive Affiliates.

  • If, during the term of this Agreement, (i) a party (other than the Company, its affiliates, the Executive, the Executive Affiliates, or Jxxxx X.

  • Consistent with legislative guidance, the FLFAC will consist of "a representative cross-section of public and private sector freight stakeholders, including representatives of ports, shippers, carriers, freight-related associations, the freight industry workforce, the transportation department of the State, and local governments." In addition to the FLFAC there will be a subcommittee contact list further identified as the Florida Freight Executive Affiliates.

  • The Executive and the Executive Affiliates shall have no claim or right of any nature whatsoever against any of the Company's or any if the Subsidiaries' directors, officers, employees, direct and indirect stockholders, owners, trustees, beneficiaries or agents, irrespective of when any such person held such status (collectively, the "Company Affiliates") (other than Assigns) arising out of any Executive Claim.

  • If a vacancy occurs in for the FLFAC, the Governing Board shall identify a contact from the Florida Freight Executive Affiliates list to serve as a replacement FLFAC committee member, if appropriate, until the next half cycle, or until a successor is thereafter elected, whichever event shall first occur.

  • A refusal or failure to timely respond to a ROFR Notice is deemed to be a refusal by Company to purchase the interest upon the terms stated in the ROFR Notice, and Executive shall be free to sell the Executive Affiliates upon the stated terms.

  • Neither Executive nor any Executive Affiliates shall engage in any activity which is (or has the potential to be) in conflict with the interests of the Company or any Company Affiliates, or which is inconsistent with the highest fiduciary standards and duties.

Related to Executive Affiliates

  • Affiliated Companies shall include any company controlled by, controlling or under common control with the Company.

  • Affiliated Entities means any legal entity, including any corporation, limited liability company, partnership, not-for-profit corporation, estate planning vehicle or trust, which is directly or indirectly owned or controlled by the Stockholder or his or her descendants or spouse, of which such Stockholder or his or her descendants or spouse are beneficial owners, or which is under joint control or ownership with any other person or entity subject to a lock-up agreement regarding the Common Stock with terms substantially identical to this Agreement.

  • Related Companies means the companies within the meaning of Article L. 225-197-2 of the French Commercial Code or any provision substituted for same.

  • Associated Companies : means any agent with delegated authority under Section 20 of these Terms and Conditions.

  • Restricted companies means companies that boycott Israel.

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

  • Employee Member means a member of the “Bargaining Unit”.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Company Personnel means any current or former director, officer or employee of the Company or any Company Subsidiary.

  • Affiliated Group means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar provision of state, local or foreign law.

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Employer Group means the Corporation and any Parent or Subsidiary and any other corporation or business controlled by, controlling or under common control with, the Corporation, as determined in accordance with Sections 414(b) and (c) of the Code and the Treasury Regulations thereunder, except that in applying Sections 1563(1), (2) and (3) of the Code for purposes of determining the controlled group of corporations under Section 414(b), the phrase “at least 50 percent” shall be used instead of “at least 80 percent” each place the latter phrase appears in such sections and in applying Section 1.414(c)-2 of the Treasury Regulations for purposes of determining trades or businesses that are under common control for purposes of Section 414(c), the phrase “at least 50 percent” shall be used instead of “at least 80 percent” each place the latter phrase appears in Section 1.4.14(c)-2 of the Treasury Regulations. Any such determination as to Separation from Service, however, shall be made in accordance with the applicable standards of the Treasury Regulations issued under Section 409A of the Code.

  • Participating Subsidiaries means the Subsidiaries that have been designated as eligible to participate in the Plan, and such other Subsidiaries that may be designated by the Committee from time to time in its sole discretion.

  • Company Group means the Company and its Subsidiaries.

  • Employer as defined in Section 3(5) of ERISA.

  • Affiliates means, with respect to any Person, any other Person that, directly or indirectly, controls, or is controlled by, or is under common control with, such Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) shall mean the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Person, whether through the ownership of securities or partnership or other ownership interests, by contract or otherwise.

  • Senior Management Personnel means personnel of the company who are members of its core management team excluding Board of Directors. Normally, this would comprise all members of management one level below the executive directors, including all functional heads.

  • Affiliated Company means any company controlled by, controlling or under common control with the Company.

  • Restricted Enterprise means any Person that is actively engaged in any geographic area in any business which is either (i) in competition with the business of the Company or any of its subsidiaries or affiliates or (ii) proposed to be conducted by the Company or any of its subsidiaries or affiliates in their respective business plans as in effect at that time. During the Restriction Period, upon request of the Company, the Executive shall notify the Company of the Executive’s then-current employment status.

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Medical personnel means those persons assigned, by a Party to the conflict, exclusively to the medical purposes enumerated under subparagraph (e) or to the administration of medical units or to the operation or administration of medical transports. Such assignments may be either permanent or temporary. The term includes:

  • Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • Employees Stock Option” means the option given to the directors, officers or employees of a company or of its holding company or subsidiary company or companies, if any, which gives such directors, officers or employees, the benefit or right to purchase, or to subscribe for, the shares of the company at a future date at a pre-determined price.

  • Executive Chairman means the Executive Chairman of the Board.