Grandfathered Executive definition

Grandfathered Executive means an executive who, as of July 1, 2008, was age 62 or older and who was a full-time employee of the Company (or a Subsidiary or Affiliate of the Company).
Sample 1Sample 2Sample 3
Grandfathered Executive means an individual who became an Executive [as defined in Article I(l)] prior to October 1, 2009, and who continuously has remained such an Executive until becoming entitled to benefits set forth in this Agreement.
Sample 1Sample 2Sample 3
Grandfathered Executive means an Executive who, as of December 31, 2007:
Sample 1Sample 2

Examples of Grandfathered Executive in a sentence

  • A Grandfathered Executive will receive the severance payments set forth in the Benefit Schedules as of January 31, 2019.

  • Grandfathered Executive will receive payments as set forth in the Benefit Schedules as of January 31, 2019.

  • A Grandfathered Executive will vest as set forth in the Benefit Schedules as of January 31, 2019.

  • In addition, a Grandfathered Executive will receive 100% of his or her target bonus.

  • References in this Policy to the Executive shall be construed to include a Grandfathered Executive (as defined below).

  • The Benefit Schedules as of January 31, 2019 included under the 2017 Executive Change-In-Control and Severance Policy (as Amended and Restated as of January 31, 2019) shall remain in effect and apply to such Grandfathered Executive, unless the Executive has otherwise agreed to waive Grandfathered Executive status.

  • Grandfathered Executive MemberThe term “Grandfathered Executive Member” means an APA member who, on February 28, 2008, was both: (1) an executive member of APA, as defined in the APA Constitution and Bylaws, and (2) was a Plan Participant.

  • Cuff Council Member Jason DeLorenzo Council Member Steven Nobile Tuesday, September 27, 2016 City StaffJim Landon, City ManagerWilliam Reischmann, City Attorney Virginia A.

  • The Hewlett Packard Enterprise Grandfathered Executive Deferred Compensation Plan is hereby adopted effective as of November 1, 2015 (the “Effective Date”).

  • Such election shall be made within sixty (60) days of an Executive becoming eligible for a benefit under Section 4 of this Article B prior to December 13, 1995 or within sixty (60) days of adoption of this election procedure, whichever is later, and shall permit the Non- Grandfathered Executive to waive the Survivor Annuity regardless of his marital status or whether he has parents surviving at the time of election.


More Definitions of Grandfathered Executive

Grandfathered Executive means an Executive who satisfies the requirements for being treated as a “Grandfathered Participant” under the Retirement Plan.
Sample 1Sample 2
Grandfathered Executive means an Executive who was an Executive prior to December 31, 2018.
Sample 1
Grandfathered Executive means an Executive who has ten (10) or more Years of Service as of December 31, 2004.
Sample 1
Grandfathered Executive means an individual who became an Executive [as defined in Article I(l), taking into account this Agreement and any agreement considered by the Human Resources Committee of the Board of the Corporation to be a predecessor to this Agreement] prior to October 1, 2009, and who continuously has remained such an Executive until becoming entitled to benefits set forth in this Agreement, unless such Executive either (i) is promoted to a higher salary grade effective on or after January 1, 2012 (without regard to whether the Executive's job title or duties changes) or (ii) otherwise has agreed to waive “Grandfathered Executive” status.
Sample 1

Related to Grandfathered Executive

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

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

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Grandfathered health plan means a group health plan or an

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

  • Grandfathered Person means any Person who is the Beneficial Owner of 20% or more of the outstanding Voting Shares as determined at the Record Time; provided, however, that a Person shall cease to be a Grandfathered Person in the event that such Person ceases to Beneficially Own 20% or more of the outstanding Voting Shares at any time after the Record Time.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Eligible employer means any municipality with a municipal

  • Covered Employer means the City of Cambridge or a Beneficiary of Assistance.

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Covered Employee means an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.

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

  • 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.

  • 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.

  • Covered employment means employment in a covered position.

  • Female employee means an employed female who is pregnant or is caring for a child she has borne or a child who has been placed with her for adoption purposes.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • 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.

  • 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).

  • Severance from Service Date means the earlier of: