New Executive Position definition

New Executive Position means a position as an executive officer of a financial institution, manufacturing, sales or service corporation, or any other commercial or professional organization.
Sample 1
New Executive Position means a position as an executive officer of a financial institution, manufacturing, sales or service corporation, or any other commercial or professional organization; provided that, if such New Executive Position has a salary plus bonus or similar incentive compensation (the “New Compensation”) equal to (i) at least 90% of the sum of Xx. Xxxxxx’x salary as identified in paragraph 5(a) (i) plus an amount equal to his average bonus for the five fiscal year average preceding the year in which his employment at the Bank terminated (“Old Compensation”), then the Severance Benefit shall terminate, and (ii) less than 90% of such Old Compensation, then the Severance Benefit shall be reduced to an amount that, combined with the New Compensation, shall equal 90% of the Old Compensation.
Sample 1

Examples of New Executive Position in a sentence

  • If such New Executive Position has a salary plus bonus or similar incentive compensation (the “New Compensation”) equal to at least 90 percent of Xx. Xxxxxx’x Base Salary at the Effective Rate plus his average bonus under the Executive Management Short Term Incentive Plan for the five fiscal year average preceding the year in which his employment at the Bank terminated (“Old Compensation”), then the benefits set forth in Sections 4(a)(ii) — (iv) shall terminate.

  • The benefits described in Sections 4(b)(ii) and (iii) shall be modified as provided in Section 4(a)(v) of this Agreement as of the effective date of Xx. Xxxxxx’x employment in a New Executive Position.

  • The benefits described in Sections 4(a)(ii) — (iv) shall be modified as of the effective date of Xx. Xxxxxx’x employment in a New Executive Position.

  • In the event that, after his termination of employment with the Bank by reason of Disability, Xx. Xxxxxx obtains employment in a New Executive Position, the benefits described in Sections 4(c)(ii) — (iv) shall be modified as provided in Section 4(a)(v) of this Agreement as of the effective date of Xx. Xxxxxx’x employment in a New Executive Position.

Related to New Executive Position

  • COO means Chief Operating Officer;

  • Executive Chairman means the Executive Chairman of the Board.

  • Chief Nursing Executive means the senior nurse employed by the Hospital who reports directly to the Chief Executive Officer and is responsible for nursing services provided in the Hospital;

  • Competitive Position means any employment with a Competitor in which Executive will use or is likely to use any Confidential Information or Trade Secrets, or in which Executive has duties for such Competitor that relate to Competitive Services and that are the same or similar to those services actually performed by Executive for the Company;

  • CEO means the Chief Executive Officer of the Company.

  • Queue Position means the priority assigned to an Interconnection Request, a Completed Application, or an Upgrade Request pursuant to applicable provisions of Tariff, Part VI.

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

  • County Executive means the County Executive of the County.

  • Eligible position or "full-time job" means a full-time position

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Executive means the individual named in the first paragraph of this Agreement.

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

  • 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.

  • CFO means an individual who acted as chief financial officer of the Company, or acted in a similar capacity, for any part of the most recently completed financial year;

  • Named Executive Officer or “NEO” means each of the following individuals:

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

  • State elective position means any position held by any

  • 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

  • Non-Officer Employee means any person who serves or has served as an employee or agent of the Corporation, but who is not or was not a Director or Officer;

  • Chief Probation Officer (i.e., CUSPO) means the individual appointed by the United States District Court to supervise the work of the court’s probation staff. For the purpose of the contract, the “Chief Probation Officer” acts as the contract administrator on behalf of the Director of the Administrative Office of the United States Courts.

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

  • 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.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

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

  • Executive Director means the executive director of the

  • Medical director means any physician licensed under Iowa Code chapter 148, 150, or 150A who shall be responsible for overall medical direction of the service program and who has completed a medical director workshop, sponsored by the department, within one year of assuming duties.