Definition of Potential Covered Employee

  1. Potential Covered Employee means a Participant the Committee determines may be a Covered Employee at the end of the Company's fiscal year during which the value of an Award is to be paid pursuant to the terms of the Plan and recognized as income by the Participant for federal income tax purposes.

Examples of Potential Covered Employee in a sentence

  1. Notwithstanding anything to the contrary in this Award Agreement, if you are a Potential Covered Employee, the Performance Shares that may become earned and vested under this Award shall not exceed the limitations set forth in Section 13.3 of the Plan.

Definition of Potential Covered Employee in Incentive Compensation Plan

Potential Covered Employee means a Participant the Committee determines may be a Covered Employee at the end of the Company's fiscal year during which the value of an Award is to be paid pursuant to the terms of the Plan and recognized as income by the Participant for federal income tax purposes.


Definition of Potential Covered Employee in Incentive Plan

Potential Covered Employee means a person designated by the Committee at the time a Performance Share Unit Award is granted who, in the Committee's judgment, may be a Covered Employee at the time the Performance Share Unit Award is settled.