Section 424 Employee definition

Section 424 Employee means an employee of GEO or any “subsidiary corporation” or “parent corporation” as such terms are defined in and in accordance with Code Section 424. The term “Section 424 Employee” also includes employees of a corporation issuing or assuming any Options in a transaction to which Code Section 424(a) applies.
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Section 424 Employee means an employee of the Company or any “subsidiary corporation” or “parent corporation” as defined in and in accordance with Code Section 424. Such term shall also include employees of a corporation issuing or assuming a stock option in a transaction to which Code Section 424(a) applies.
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Section 424 Employee means an employee of the Company or any “subsidiary corporation” or “parent corporation” as defined in and in accordance with Code Section 424. Such term shall also include
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Examples of Section 424 Employee in a sentence

  • Subject to the terms and conditions of this Plan and the Award Agreement (including all vesting provisions and option periods), any and all Incentive Stock Options which an employee fails to exercise within ninety (90) days after the date said employee ceases to be a Section 424 Employee shall automatically be classified as Non-qualified Stock Options to the extent that said Options have not otherwise been terminated.

  • The Union shall not file a grievance on Section 42.4 (Employee Lists) unless there is a persistent consistent failure by the Employer to provide the lists referenced in this section.

  • We maintain appropriate records of education, training, skills and experience in accordance with provision of Section 4.2.4. Employee qualification/competency review records and annual performance review results are maintained by the Managing Director.


More Definitions of Section 424 Employee

Section 424 Employee means an employee of Odimo Incorporated or any "subsidiary corporation" or "parent corporation" as such terms are defined in and in accordance with Code Section
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Section 424 Employee means an employee of the Company or any "subsidiary corporation" of the Company or "parent corporation" of the Company, as such terms are defined in and in accordance with Code Section 424. The term Section 424 Employees also includes employees of a corporation issuing or assuming a stock option in a transaction to which Code Section 424(a) applies.
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Related to Section 424 Employee

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.