Severance-Eligible Employee definition

Severance-Eligible Employee means an Employee who has experienced a Qualifying Termination.
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Severance-Eligible Employee means each full-time or part-time Employee. Employees classified as temporary employees by the Company and individuals who are classified as independent contractors are not Severance-Eligible Employees.
Sample 1

Examples of Severance-Eligible Employee in a sentence

  • A Severance-Eligible Employee or a Retention-Eligible Employee will not be required to mitigate the amount of any payment required hereunder unless otherwise determined by the Plan Administrator.

  • The remaining unpaid developer fee (if applicable) shall be considered attributable to “developer’s profit”, and may not be funded until the development has achieved 100% lien free completion, and only after retainage has been released.This recommendation is contingent upon the review and approval by Florida Housing, and its Legal Counsel at least two (2) weeks prior to Loan Closing.

  • The Plan Administrator shall determine whether a Severance-Eligible Employee has been terminated for Cause.

  • The President closes the debate when all speakers on the list have had their say.

  • The PA and/or the CO obligate the Small Business Trade Ally Program to pay the incentive to the Trade Ally, provided that the work has been completed in accordance with the PA and/or CO and the terms of this Agreement.

  • Notwithstanding any provision in the Plan to the contrary, unless otherwise determined by the Plan Administrator, no amounts shall be payable under the Plan which, when combined with any other payments to the Severance-Eligible Employee, would not be deductible by the Company under Section 280G of the Code or would subject the Severance-Eligible Employee to taxation under Section 4999 of the Code.

Related to Severance-Eligible Employee

  • 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 employer means any municipality with a municipal

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

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

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Eligible Employees means each employee of the Company or an Affiliate.

  • Severance from Service Date means the earlier of:

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • 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.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Active Employment means you must be actively at work for the Sponsor:

  • Severance from Employment means severance from employment with the Employer and any Related Entity. However, a Severance from Employment also occurs on any date on which an Employee ceases to be an employee of a public school, even though the Employee may continue to be employed by a Related Employer that is another unit of the State or local government that is not a public school or in a capacity that is not employment with a public school (e.g., ceasing to be an employee performing services for a public school but continuing to work for the same State or local government employer).

  • 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).

  • Covered employment means employment in a covered position.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

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

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Change in Control Benefits means the following benefits:

  • Change in Control Benefit means the benefit described in Section 2.4.