Management and Salaried Employee Group definition

Management and Salaried Employee Group means Eligible Employees who perform the functions performed by the salaried and managerial Employees on the Effective Date (including any functions that such Employees will perform in the future).
Sample 1

Examples of Management and Salaried Employee Group in a sentence

  • Payment of Awards for any employee group shall be made as a profit sharing contribution to the applicable Employer-sponsored 401(k) plan if required under the terms of the applicable collective bargaining agreement or, in the case of the Management and Salaried Employee Group, if so determined by the Company.

  • With respect to the Management and Salaried Employee Group, notwithstanding the preceding sentence, Compensation shall continue to exclude pay received for vacation time that was accrued but not actually taken as vacation before termination of employment by retirement or otherwise." 2.

  • Accordingly, the shares of Class 1 Non-Voting Preferred Stock allocated on or after January 1, 1995, will be allocated ratably over the remaining Wage Investment Period, to the Employee Groups in accordance with the following revised percentages: ALPA Employee Group - 32.234549% IAM Employee Group - 47.036084% Management and Salaried Employee Group - 20.729367%" 2.

  • Section 1.3(g) is amended by adding the following to the end of the Section: "For the Plan Year commencing January 1, 1995, and for subsequent Plan Years, 'Compensation' for an Employee who is a member of the Management and Salaried Employee Group shall include any compensation which would have been paid to the Employee during the Plan Year, but was not paid during that Plan Year because the Employee elected to defer its receipt according to a procedure adopted by the Company.

  • The following is hereby added to the end of the first paragraph of Section 1(p): "With respect to a Participant who is a member of the Management and Salaried Employee Group, if the Company implements a program of vacation buy-backs applicable to individuals who have not terminated employment, Compensation shall include the amounts payable on or after January 1, 1996 under such a program.

  • Section 1.1(c) is amended by adding the following to the end of the section: "For Convertible Shares to be allocated under this Plan for Plan Years beginning on or after January 1, 1995, 96.286956% will be allocated to the ALPA Employee Group, 1.699314% will be allocated to the IAM Employee Group, and 2.01373% will be allocated to the Management and Salaried Employee Group." 2.

  • The material added by the Second Amendment to Section 5.4(a) (i) (A) is deleted and the following inserted in its place: "For Class 1 Non-Voting Preferred Stock released for Plan Years beginning on or after January 1, 1995, the allocation percentage shall be as follows: ALPA Employee Group 32.234549%; IAMEmployee Group - 47.036084% and Management and Salaried Employee Group - 20.729367%." 6.

  • Section 5.4(a)(i)(A) is amended by adding the following to the end of the section: "For Class 1 Non-Voting Preferred Stock released for Plan Years beginning on or after January 1, 1995, the allocation percentage shall be as follows: ALPA Employee Group - 32.234549%; IAM Employee Group - 47.036084% and Management and Salaried Employee Group - 20.729367%." 8.

  • The material added to the end of Section 1.1(c) by the Second Amendment is deleted and the following inserted in its place: "For Convertible Shares to be allocated under this Plan for Plan Years beginning on or after January 1, 1995, 96.286956% will be allocated to the ALPA Employee Group, 1.699314% will be allocated to the IAM Employee Group, and 2.01373% will be allocated to the Management and Salaried Employee Group." 2.

  • Of the overall Employee stake, 46.23% of the underlying shares, including the Additional Shares, if any, will be reserved for allocation to the ALPA Employee Group, 37.13% of the underlying shares will be reserved for allocation to the IAM Employee Group and 16.64 % of the underlying shares will be reserved for allocation to the Management and Salaried Employee Group.

Related to Management and Salaried Employee Group

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Key Employees means each of the following individuals: Xxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxx Xxxxxx and Xxxxx Xxxxxxx.

  • Designated Employees means a person occupying any of the following position in the Company:

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Protected Employees means employees of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Active Employment means you must be actively at work for the Sponsor:

  • Excluded Employees means those employees listed on Schedule 1.1(w);

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Continuing care retirement community means a residential

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).