New Eligible Director definition

New Eligible Director means a member of the Board who, during any Plan Year, first becomes an Eligible Director.
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New Eligible Director means a member of the Board who becomes an Eligible Director after October 1, 2013.
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New Eligible Director in any year means an Eligible Director who became an Eligible Director part way through such year;
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Examples of New Eligible Director in a sentence

  • Any Election by such New Eligible Director for succeeding Plan Years shall be made in accordance with Section 3.2.

  • Any Election by such New Eligible Director for succeeding Plan Years shall be made in accordance with Section 3.2. Notwithstanding any provision of this Plan to the contrary, no Elections may be made with respect to Annual Fees for services performed in any Plan Year commencing on or after January 1, 2023.

  • Each New Eligible Director who receives options pursuant to this Section 4(b) will also receive options under Section 4(a) beginning on the June 1 immediately after he or she has become a New Eligible Director and until he or she ceases to be an Eligible Director.

  • The number of DSUs to be credited to such New Eligible Director’s Account as of such date shall be determined by dividing the New Eligible Director’s Annual Equity Retainer for such calendar year (pro rated to reflect the number of days remaining in the year following the date the New Eligible Director joined the Board) by the Share Value on the date the New Eligible Director joined the Board.

  • Any Election by such New Eligible Director for succeeding Plan Years shall be made in accordance with Section 3.2. 3.4Filing of Election Upon Initial Approval of Plan.

  • On each date that options are granted to Eligible Directors or New Eligible Directors pursuant to Section 4(a) or Section 4(b), as applicable, the Committee will grant 900 shares of Stock to each Eligible Director or New Eligible Director to whom options have been granted on such date.

  • Each New Eligible Director serving on the Board on the Effective Date and each New Eligible Director whose Commencement of Service is after the Effective Date shall be granted an Initial Option, as of the Effective Date or as of the day after the New Eligible Director's Commencement of Service, respectively, to purchase the number of shares of Stock equal to (i) the number of complete and partial years in the term to which such New Eligible Director was elected or appointed, multiplied by (ii) 10,000.

  • Notwithstanding Section 3.2, a New Eligible Director may elect to defer all of his or her Eligible Compensation earned for the performance of services in the Plan Year in which the New Eligible Director becomes a New Eligible Director, beginning immediately after the filing of an Election and before the close of such Plan Year by making and filing the Election with the Committee, within 30 days of the date on which such New Eligible Director becomes a New Eligible Director.

  • Any Deferral Election by such New Eligible Director for succeeding Plan Years shall be made in accordance with Section 3.3.

  • Each New Eligible Director also shall be annually granted an Additional Option to purchase 10,000 shares of Stock as of each of (i) the day after the New Eligible Director's first Reelection Date and (ii) the day after each Anniversary Date after the New Eligible Director's first Reelection Date if the New Eligible Director continues to be a New Eligible Director on the day after such Anniversary Date.


More Definitions of New Eligible Director

New Eligible Director means a member of the Board who becomes an Eligible Director after October 1, 2013. Effective as of December 8, 2022, there will be no New Eligible Directors.
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New Eligible Director means a person who first becomes an Eligible Director by being elected or appointed to the Board of Directors after May 18, 2000. However, a person whose appointment or election to the Board takes effect in March, April or May shall not be a New Eligible Director.
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New Eligible Director means a member of the Board who becomes an Eligible Director for the first time during a Plan Year.
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New Eligible Director means any person who first becomes a Director less than one year prior to, on, or after the Effective Date and who meets the requirements for eligibility under the terms of the Plan.
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New Eligible Director means a member of the Board who is not an officer or employee of the Corporation or any of its subsidiaries and who is not a Current Eligible Director.
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New Eligible Director means a member of the Board who becomes an Eligible Director after January 1, 2010.
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Related to New Eligible Director

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Nonemployee Director means a Director who is not an Employee.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • 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.

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

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Non-Employee Director means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3.

  • Outside Director means a Director who is not an Employee.

  • Inside Director means a Director who is an Employee.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

  • Director Option means an Option granted pursuant to Section 6.

  • Eligible elector means a person who meets the specific requirements for voting at a specific election or for a specific candidate, ballot question, or ballot issue. If no specific provisions are given, an eligible elector shall be a registered elector, as defined in subsection (35) of this section.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Deferral Election Form means each form established from time to time by the Administrator that the Executive completes, signs and returns to the Administrator to designate the amount of Deferrals.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

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

  • Eligible employer means any municipality with a municipal

  • 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.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by him in a professional capacity; and

  • Alternate Director means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company;