Tier 1 Participant definition

Tier 1 Participant means each Participant designated in Schedule I hereto as a Tier 1 Participant, as that schedule may be amended in accordance with Section 2.01.

Tier 1 Participant means each Participant designated in writing by the Board or the Compensation and Human Capital Committee as a Tier 1 Participant, as that designation may be amended in accordance with Section 2.01.

Tier 1 Participant means an individual who is, at the relevant time, the Chief Executive Officer of the Company.

Examples of Tier 1 Participant in a sentence

• For avoidance of doubt, the amount paid to the Tier 1 Participant pursuant to this subsection will not be prorated based on the actual amount of time the Tier 1 Participant is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

• For purposes of enforcing this provision, the Tier 1 Participant shall be deemed to have a duty to keep the Company informed as to the terms and conditions of any subsequent employment and the corresponding benefits earned from such employment, and shall provide, or cause to be provided, to the Company in writing correct, complete, and timely information concerning the same.

• Such benefits shall be provided to the Tier 1 Participant at the same coverage level and cost to the Tier 1 Participant as in effect immediately prior to the date of the Tier 1 Participant’s termination of employment.

• In addition, no later than the end of each calendar year in which such group health plan coverage is in effect, the Company will report the value of the group health plan coverage (less any amount the Tier 1 Participant pays for such coverage) as taxable income to the Tier 1 Participant.

• Notwithstanding the above, these medical insurance benefits shall be discontinued prior to the end of the stated continuation period in the event the Tier 1 Participant receives substantially similar benefits from a subsequent employer, as determined solely by the Company in good faith.

More Definitions of Tier 1 Participant

Tier 1 Participant means each Participant who is an E5, E4 or E3 executive immediately prior to a Change in Control.

Tier 1 Participant means a Participant holding a position designated as qualifying the holder of the position as a Tier 1 Participant on Exhibit A hereto.

Tier 1 Participant means the Company’s Chief Executive Officer.

Tier 1 Participant means each individual who is designated by the Board on or after the date hereof as a Tier 1 Participant.

Tier 1 Participant means each of the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and General Counsel of the Company.

Tier 1 Participant means a Participant who has been designated by the Committee as a Tier 1 Participant in accordance with Section 3.2 below.

Tier 1 Participant means a Participant who is designated by the Committee, in its sole discretion, as a Tier 1 level Participant.