Level III Employee definition
Level III Employee means any employee of the Company with the job title immediately prior to a Change in Control of Executive Director (or its equivalent) of the Company as determined by the Company.
Level III Employee means any Employee who is not primarily compensated by commissions and whose Annual Compensation is at least $100,000 and not more than $150,000.
Level III Employee means an Executive Vice President of the Company from time to time.
Examples of Level III Employee in a sentence
Each Eligible Level III Employee who incurs a Severance will be entitled to a one-time cash payment equal to two times (2x) the sum of (x) such employee’s annual base salary in effect immediately prior to the Severance Date, and (y) the employee’s target annual cash performance bonus for the year in which the Severance Date occurs, assuming Company and individual performance at 100% of target.
More Definitions of Level III Employee
Level III Employee means any full-time employee of the Company with the job title immediately prior to a Change in Control of Executive Director of the Company and as reported on the Company's payroll records as such. This also includes part-time employees where required by applicable law.
Level III Employee means an Employee who has the title of Vice President of the Company or any direct or indirect subsidiary of the Company.
Level III Employee means any full-time employee of the Company with the job title immediately prior to a Change in Control of Executive Director of the Company and as reported on the Company's payroll records as such.
Level III Employee means an Employee (i) with less than one Year of Service and (ii) who is not a Level I Employee.