Executive and senior management definition

Executive and senior management means: (1) Any employee (a) compensated on a salary basis at a rate of not less than$455 per week (or $380 per week, if employed in American Samoa by employers other than the federal government), exclusive of board, lodging or other facilities; (b) whose primary duty is management of the enterprise in which the employee is employed or of a customarily recognized department or subdivision thereof; (c) who customarily and regularly directs the work of two or more other employees; and (d) who has the authority to hire or fire other employees or whose suggestions and recommendations as to the hiring, firing, advancement, promotion or any other change of status of other employees are given particular weight; or (2) any employee who owns at least a bona fide 20-percent equity interest in the enterprise in which the employee is employed, regardless of whether the business is a corporate or other type of organization, and who is actively engaged in its management.
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Executive and senior management means any employee—
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Executive and senior management means the members of the Executive Committee of the Board, the Company Secretary of Mondi plc, the Group Head of Internal Audit and any other employees earning a base salary in excess of €325,000 (or equivalent in another currency);
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Examples of Executive and senior management in a sentence

  • Local Executive and senior management are responsible for risk management throughout their areas and for ensuring all staff understand their responsibilities with respect to risk management.

  • All Directors, Executive and senior management must follow that Policy.

  • To recommend to the Board on the framework or broad policy for the remuneration of the Group’s Chief Executive and senior management as the Committee is designated to consider.The Nomination & Remuneration Committee meets at least once in a financial year and whenever required.

  • Executive and senior management, assurance providers and professional advisors may attend meetings, but by invitation only and they may not vote.

  • Executive and senior management employees were not required to complete and attach documentation that indicated the approval to travel or the estimated travel costs, to the travel claim.

  • We have appointed a new Chief Executive and senior management team with an excellent track record.

  • Review with the Chief Audit Executive and senior management •the internal control system and the adequacy of the FHLB’s internal controls; •the resolution of any identified material weaknesses and reportable conditions; and •the policies and procedures for prevention or detection of management override or compromise of the internal control system.

  • Havant Borough Council shares its Chief Executive and senior management team with the neighbouring East Hampshire District Council.

  • The current Ownership Guidelines for executive and senior management are as follows: Executive and senior management are expected to achieve the Ownership Guidelines within five years of joining the Company.

  • Executive and senior management salaries and bonuses have been frozen for the next year and the fees paid to non-executive directors will not be increased.

Related to Executive and senior management

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Senior Management means personnel of the Company who are members of its core management team excluding Board of Directors. This would include all members of management one level below the executive directors, including all the functional heads.

  • Senior Management Team means (a) each Authorized Officer, the chief executive officer, secretary and (b) any chief executive officer, president, vice president, chief financial officer, treasurer or secretary of any Subsidiary Guarantor.

  • 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.

  • Management Team means Xxxxxx X. X’Xxxxxxx, Xxxxxxx X. Xxxxxx, Xx. and Xxxxx X. Xxxxxxxxxx.

  • Executive Chairman means the Executive Chairman of the Board.

  • continuing professional development means the continuing professional development contemplated in section 32;

  • Senior procurement executive means, for DoD—

  • Non-Executive Directors means the Directors who are not in whole time employment of the Company.

  • Executive Team means certain senior executives, including members of management covered by Rule 16(b) under the Securities and Exchange Act of 1934, designated by the Committee as the key executive management of the Company, CVI and CSI.

  • Key Management Personnel means persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any Director (whether executive or otherwise) of the Company;

  • Executive manager means an individual employed by a new motor vehicle dealer in an executive capacity and who has a written employment agreement with the dealer that includes a right for the executive manager to purchase a controlling interest in the dealership at a future time or on the death or incapacity of the dealer.

  • Medical Executive Committee or “MEC” means the Executive Committee of the Medical Staff.

  • Executive session means any meeting or part of a meeting of a governing body which is closed to certain persons for deliberation on certain matters.

  • Executive Directors means a person appointed as director directly accountable to the municipal manager.

  • Executive Mayor means the councillor elected as the executive mayor of the municipality in terms of section 55 of the Municipal Structures Act;

  • Senior Managerial Personnel means the personnel of the company who are members of its core management team excluding Board of Directors. Normally, this would comprise all members of management, of rank equivalent to General Manager and above, including all functional heads.

  • Executive Officers means the Chief Executive Officer, the Chief Operating Officer (if any) and the Chief Financial Officer of the Parent.

  • Senior Managers means, collectively, Xxxx Xxxxxxx, Xxxx Xxxxxxxx, Xxxxx Xxxxxx, Xxxxx Aas, Xxxxx Xxxxxxxxx and Xxxx Xxxxxxx.

  • Senior Manager means each of Xxxxxxx Xxx Xxxxx, Xxxxxxx X. Xxxxxxxxx, and Xxxxxx X. Xxxxxx, and/or any other Persons designated by the Board as Senior Managers (collectively, the "Senior Managers").

  • Seattle Human Resources Director means the director of the Seattle Department of Human Resources or his or her designated management representative.

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Medical Board means the North Carolina Medical Board.

  • Executive Engineer means the Executive Engineer, Uttarakhand Jal Sansthan for the time being in charge of the Central Store Division, Uttarakhand Jal Sansthan, Uttarakhand.

  • Educational personnel means persons who must meet requirements pursuant to state law as a condition of employment in educational programs.

  • Non-Executive Director Means any director who is not an Executive Director.