Required Position definition

Required Position means Executive’s service in the role of Chief Executive Officer of Company or in such other role as mutually agreed between Executive and the Committee, in each case, pursuant to which Executive is devoting substantially all Executive’s business time, attention, skill and efforts to the business and affairs of Company and its subsidiaries. Notwithstanding the foregoing, unless otherwise determined by the Committee, Executive shall be deemed to not be in the Required Position if Executive is the chief executive officer of any operating company that is not affiliated with Company, excluding any limited liability company or other entity associated with managing Executive’s investments and those of Executive’s family.
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Required Position means Executive’s service in the role of Chief Executive Officer of Company or in such other role as mutually agreed between Executive and the Committee, in each case, pursuant to which Executive is devoting substantially all Executive’s business time, attention, skill and efforts to the business and affairs of Company and its subsidiaries. Notwithstanding the foregoing, unless otherwise determined by the Committee, Executive shall be deemed to not be in the Required Position if Executive is the chief executive officer of any operating ​ ​ company that is not affiliated with Company, excluding any limited liability company or other entity associated with managing Executive’s investments and those of Executive’s family. ​
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Examples of Required Position in a sentence

  • Accordingly, in the event Executive terminates his employment with Company for any reason (which, for the avoidance of doubt, shall not include ceasing to serve as Chief Executive Officer in order to serve in another Required Position) on or before December 31, 2030, Executive agrees to promptly pay to Company $30 million in cash in a single lump-sum.

  • Designation/ Post Proposed Sanctioned Position(s) Working in the Institute To be filled by Authority Required from Bidder Qualification & Experience for Required Position from Bidder 1.

Related to Required Position

  • Covered position means a position in which the employee must be a member of the retirement

  • Required Period means (a) 15 business days in the case of construction drawings, and (b) 10 business days in the case of any other plans and specifications (including a space plan). Any such notice of disapproval shall describe with reasonable specificity the basis for Landlord’s disapproval and the changes that would be necessary to resolve Landlord’s objections.

  • Shielded position means the location within the radiographic exposure device or storage container which, by manufacturer's design, is the proper location for storage of the sealed source.

  • Comparable Position means a position where:

  • Required Party has the meaning set forth in Section 4.3(a) of this Agreement.