Tier II Executive definition

Tier II Executive means an individual employed by a Participating Company at job level eleven (11) through fourteen (14), inclusive (within the meaning of the Company’s payroll structure).

Tier II Executive means an officer who has been selected to participate in the Plan and designated as a Tier II Executive pursuant to Section 3.2.

Tier II Executive means an individual who is, at the relevant time, a member of the executive committee of the Company or is otherwise designated as a Tier II Executive by the Committee.

Examples of Tier II Executive in a sentence

• Subject to Section 3.2, such Gross-Up Payment shall be made no later than December 31 of the year following the year in which the Tier I or Tier II Executive incurs the Excise Tax.

• An Executive’s “ Executive Tax Services Payment” means $10,000 in the case of a Tier II Executive and, in the case of a Tier I Executive, the amount that otherwise would be payable for one year under the Company’s Senior Executive Tax Plan (or any successor thereto), as applicable to the Executive immediately prior to the Change in Control, together with an amount equal to any Senior Executive Tax Plan benefits accrued but unpaid as of the Effective Date of the Qualifying Termination.

• A “Tier II Executive” is any Executive designated by the Board or Committee as a Tier II Executive and who is not a 1999 Plan Executive or a Transition Plan Executive.

• Except as provided in the next sentence, each full-time employee of the Corporation or a Participating Employer who is recommended to the Compensation Committee to be a Tier I or Tier II Executive by the Chief Executive Officer will be a Participant in the Plan only if the Compensation Committee approves his or her participation after the Effective Date and before a Change in Control.

• Each full-time employee of the Corporation or a Participating Employer who has been recommended to the Compensation Committee to be a Tier I or Tier II Executive by the Chief Executive Officer and whose participation in the Plan has been approved by the Compensation Committee, as of the Effective Date will be a Participant in the Plan.

More Definitions of Tier II Executive

Tier II Executive means any Participant designated by the Compensation Committee as a Tier II Executive.

Tier II Executive means the Chief Financial Officer, any president, executive vice president and senior vice president of the Company, and certain vice presidents of the Company specifically designated as Tier II Executives in accordance with the Plan, as further described in Section 4(a).

Tier II Executive means each executive designated as a Tier II Executive on Exhibit A.

Tier II Executive means any Participant designated as a Tier II Executive.

Tier II Executive means an Eligible Employee who has been designated by the Committee as a Tier II Executive pursuant to Section 2.1 of this Plan.

Tier II Executive means any executive officer of the Company who has been designated by the Board to participate in the Plan as a Tier II Executive.

Tier II Executive means any executive party to this agreement whose title or duties qualify as “Senior Vice President,” or who is president of any of the Company’s major lines of business, or who is otherwise not identified as a Tier I Executive.