Tier 2 Participant definition

Tier 2 Participant means each Participant designated in Schedule A hereto as a Tier 2 Participant, as that schedule may be amended in accordance with Section 2.01.

Tier 2 Participant means each Participant designated in writing by the Board or the Compensation and Human Capital Committee as a Tier 2 Participant, as that designation may be amended in accordance with Section 2.01.

Tier 2 Participant means each Participant who is an E2 or E1 executive immediately prior to a Change in Control.

Examples of Tier 2 Participant in a sentence

• You shall be entitled to receive a severance payment equal to 12 months (if you are a Tier 1 Participant or a Tier 2 Participant) or six months (if you are a Tier 3 Participant) of your annual base salary at the rate in effect immediately prior to the Termination Date, payable in a cash lump sum, less applicable withholdings, on the first payroll date following the date the Release of Claims becomes effective and irrevocable.

• You shall be entitled to receive a severance payment equal to 12 months (if you are a Tier 1 Participant), nine months (if you are a Tier 2 Participant) or six months (if you are a Tier 3 Participant) of your annual base salary at the rate in effect immediately prior to the Termination Date, less applicable withholdings, payable in a single cash lump sum on the first payroll date following the date the Release of Claims becomes effective and irrevocable.

More Definitions of Tier 2 Participant

Tier 2 Participant means a Participant holding a position designated as qualifying the holder of the position as a Tier 2 Participant on Exhibit A hereto.

Tier 2 Participant means each of the Tier 2 Participants who may be set forth on Exhibit A-1 to this Plan from time to time. For purposes of this definition, if an employee is designated a Tier 2 Participant on Exhibit A-1 immediately prior to a Change in Control, such employee shall be eligible for benefits as such under this Plan.

Tier 2 Participant means each individual who is designated by the Board on or after the date hereof as a Tier 2 Participant.

Tier 2 Participant means a Participant who has been designated by the Committee as a Tier 2 Participant in accordance with Section 3.2 below.

Tier 2 Participant means a Participant other than a Tier 1 Participant.

Tier 2 Participant means a Participant, who is not a Tier 1 Participant, and who is designated by the Committee, in its sole discretion, as a Tier 2 level Participant.

Tier 2 Participant means (i) any executive officer of the Company (other than a Tier 1 Participant) required to file reports of beneficial ownership with the Securities and Exchange Commission pursuant to Section 16(a) of the Exchange Act and the rules and regulations promulgated thereunder and (ii) any employee selected by the Committee as a covered employee eligible under this Plan (employees selected by the Committee will be referred to as “Selected Tier 2 Participants”). The Committee will select Selected Tier 2 Participants annually at the meeting in which it sets executive compensation for the next fiscal year. Selected Tier 2 Participants will remain eligible as a Participant under this Plan for the fiscal year for which the Committee approved eligibility. During the fiscal year, the Committee may change the status of a Selected Tier 2 Participant if he or she has a change in employment status (examples: removal from eligibility because of a demotion or added as eligible because of a promotion). Notwithstanding the foregoing, a Selected Tier 2 Participant may not lose covered employee status as a Selected Tier 2 Participant by the Committee if he or she was a Participant and was eligible for benefits under Section 3.1, Rights to Unpaid Compensation and Severance Benefits, for a Change in Control occurrence.