Special Executive definition

Special Executive means a Person designated by the Member who is not, at the time of initial appointment to the Executive Committee and, at any time during the one year period immediately preceding the time of initial appointment, was not (a) an employee, officer, director, shareholder or partner of Scotsman or any of its Affiliates; (b) a customer, supplier or other Person who derives greater than 10% of its revenues from its activities with Scotsman or any of its Affiliates; (c) a Person or other entity controlling or under common control with any such employee, officer, director, shareholder, partner, customer, supplier or other Person; or (d) a member of the immediate family of any such employee, officer, director, shareholder, partner, customer, supplier or other Person.
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Examples of Special Executive in a sentence

  • The Company will provide for payment of the benefit pursuant to this Section 2(b) and Section 4 of the Company’s Restated Special Executive Retirement Plan through a trust.

  • The termination of the Executive’s employment will be deemed a “separation from service” pursuant to Section 5 of the Company’s Restated Special Executive Retirement Plan and the Company will pay the applicable monthly benefit to the Executive pursuant to Section 4 of the Company’s Restated Special Executive Retirement Plan.

  • Executive will be entitled to participate in the Company’s deferred compensation plan (known as the “Restated Special Executive Retirement Plan” or “Restated SERP”) at a participation rate of fifteen percent (15%) of Base Compensation.

  • Special Executive Severance Plan shall not also be eligible to receive any Benefit under this Plan.

  • Notwithstanding the foregoing and for the avoidance of doubt, only the Board may effect a termination of Executive’s employment pursuant to Section 5(c) above, with any such Board-approved termination further subject to, and conditioned upon, Special Executive Committee Approval.

  • In the event of such a removal, the remaining members of the Executive Committee shall endeavor in good faith to select a replacement for such individual from among the employees of PubCo and its Subsidiaries, and such a replacement shall become a member of the Executive Committee upon Special Executive Committee Approval.

  • As of the Effective Time of Merger (as defined in the Merger Agreement), Wisconsin Energy hereby establishes a separation compensation plan known as the Wisconsin Energy Special Executive Severance Policy, as set forth in this document.

  • For the avoidance of doubt, the Company acknowledges that nothing in this Agreement is intended to diminish or alter any rights I may have under the Company’s Restated Special Executive Retirement Plan as adopted December 27, 2006 and amended September 1, 2007 (the “Plan”), which rights are as stated in the Plan.

  • Please read this attachment carefully, and consult with an attorney and any other advisor of your choice prior to signing the General Release and Special Executive Terms (the “General Release”).

  • In the event of (i) the occurrence of a Dissolution Event (as defined herein) or (ii) subject to Section 7.5, the written consent to a dissolution by the Member, the Company shall be terminated on the 90th day after the occurrence of such event; provided, however, in all cases, the Special Executive shall have the right to continue the Company.