Specified Executive definition

Specified Executive means an employee who, at any time during the 12-month period ending on the identification date (defined below), is (i) an officer of the Company or a member of its controlled group (as determined for purposes of section 416(i) of the Code) who has annual compensation greater than $135,000 (or such other amount as may be in effect under Section 416(i)(1) of the Code), (ii) a 5% owner of the Company or (iii) a 1% owner of the Company who has annual compensation greater than $150,000. The identification date shall be each December 31, and the determination of Specified Executives as of such identification date shall apply for the 12-month period following April 1 after the identification date. The determination of Specified Executives, including the number and identity of persons considered officers, shall be made by the Company in accordance with the provisions of Sections 416(i) and 409A of the Code and the regulations issued thereunder.

Specified Executive means a “specified employee” within the meaning of Treasury Regulation §1.409A-1(i) and as determined under the Company’s policy for determining specified employees.

Specified Executive means an employee who (i) serves in the capacity of (or who would, if appointed, serve in the capacity of) chief operating officer of the Corporation or any other position with substantially similar responsibilities or (ii) served as chief executive officer, chief financial officer, chief operating officer or general counsel at CBS Corporation or Viacom Inc. at any time prior to the Effective Time (excluding, for the avoidance of doubt, the Existing Specified Executives).

Examples of Specified Executive in a sentence

• If the Executive is considered a Specified Executive and payment of any amounts under this Agreement is required to be delayed for a period of six (6) months after a separation from service pursuant to Section 409A of the Code, payment of such amounts shall be delayed as required by Section 409A of the Code, and the accumulated postponed amounts, with accrued interest as described in subsection (b) below, shall be paid in a lump sum payment within five (5) days after the end of the six (6) month period.

• Victor Ho was appointed Company Secretary on 5 February 2004 and is the sole Specified Executive of the Company.

• Specified Executive has the meaning given to that term in the Accounting Standards.

• To ensure project continuity the Company has employment agreements with each Specified Executive which prescribe termination by either party on the provision of 1 months’ notice, or payment in lieuof notice at the Company’s election.

• A company must also report on Form 8-K if it enters into or materially amends any material compensatory arrangement for a specified officer, includ- ing any named executive officer.Companies Must Report Departure of Certain Specified Executive Officers, Including Any Named Executive Officer.

More Definitions of Specified Executive

Specified Executive means an employee who, at any time during the 12-month period ending on the identification date, is a “specified employee” under section 409A of the Code, as determined by the Compensation Committee of the Board or its delegate. The determination of Specified Executives, including the number and identity of persons considered officers and the identification date, shall be made by the Compensation Committee or its delegate in accordance with the provisions of section 409A of the Code and the regulations issued thereunder.

Specified Executive means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Employer if any stock of the Employer is publicly traded on an established securities market or otherwise.

Specified Executive means a “specified employee,” as defined in Treasury Regulation Section 1.409A-1(i).

Specified Executive means each of (i) the CEO, (ii) each Tier I Executive (iii) each Tier II Executive and (iv) any other individual whose employment with Nortel Networks is terminated more than thirty (30) days prior to the CIC Date at the direction of any Person who acquires control of the Corporation, within the meaning of Paragraph (i) of the definition of the term "Termination Due to Change in Control," if, immediately prior to such termination of such individual's employment, such individual is identified in the records of the Plan maintained by the Corporation as a Tier I Executive or a Tier II Executive or is serving in the position of CEO.

Specified Executive has the meaning given such term in Code Section 409A.

Specified Executive as defined in Section 4.21(d)

Specified Executive means a person who is a "specified employee” within the meaning of Section 409A.