Covered Employees Definition Example with 5 Variations

This page contains an example definition of Covered Employees, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Covered Employees. All Regular Full-Time Employees (both exempt and non-exempt) who are Executives, who experience a Covered Termination and who are not designated as ineligible to receive severance benefits under the Plan as provided in Section 5 hereof. For the avoidance of doubt, neither Temporary Employees nor Part-Time Employees are eligible for severance benefits under the Plan. An employee's full-time, part-time or temporary status for the purpose of this Plan shall be determined in good faith by the Plan... Administrator upon review of the employee's status immediately before termination. Any person who is classified by the Company as an independent contractor or third-party employee is not eligible for severance benefits even if such classification is modified retroactively. View More
Found in Dyne Therapeutics, Inc. contract

Variations

Covered Employees. All all Regular Full-Time Employees (both exempt and non-exempt) and any Part-Time Employee who are Executives, is designated as a Covered Employee by the Board, who hold the title of Vice President or higher, who experience a Covered Termination and who are not designated as ineligible to receive severance separation benefits under the Plan as provided in Section 5 hereof. For the avoidance of doubt, neither Temporary Employees nor and Part-Time Employees (who are not designated as Covered... Employees) are not eligible for severance separation benefits under the Plan. An employee's full-time, part-time or temporary status for the purpose of this Plan shall be is determined in good faith by the Plan Administrator upon review of the employee's status immediately before termination. Any person who is classified by the Company as an independent contractor or third-party third party employee is not eligible for severance separation benefits even if such classification is modified retroactively. retroactively View More
Found in Apellis Pharmaceuticals, Inc. contract
Covered Employees. All all Regular Full-Time Full‐Time Employees (both exempt and non-exempt) non‐exempt) who are Executives, (i) Executives or (ii) otherwise designated by the Board or by an authorized committee to be a Covered Employee under this Plan, who experience a Covered Termination and who are not designated as ineligible to receive severance benefits under the Plan as provided in Section 5 hereof. For the avoidance of doubt, neither Temporary Employees nor Part-Time Employees are eligible for severance... benefits under the Plan. An employee's full-time, full‐time, part-time or temporary status for the purpose of this Plan shall be is determined in good faith by the Plan Administrator upon review of the employee's status immediately before termination. Any person who is classified by the Company as an independent contractor or third-party third party employee is not eligible for severance benefits even if such classification is modified retroactively. retroactively View More
Found in 2 Contracts from Editas Medicine, Inc.
Covered Employees. All all Regular Full-Time Employees (both exempt and non-exempt) who (i) are Executives, Executives as of the Effective Date or (ii) become Executives after the Effective Date and are designated by the Board or the Compensation Committee to be a Covered Employee under this Plan, who experience a Covered Termination and who are not designated as ineligible to receive severance benefits under the Plan as provided in Section 5 hereof. For the avoidance of doubt, neither Temporary Employees nor... Part-Time Employees are eligible for severance benefits under the Plan. An employee's full-time, part-time or temporary status for the purpose of this Plan shall be is determined in good faith by the Plan Administrator upon review of the employee's status immediately before termination. Any person who is classified by the Company as an independent contractor or third-party third party employee is not eligible for severance benefits even if such classification is modified retroactively. retroactively View More
Found in CATABASIS PHARMACEUTICALS INC contract
Covered Employees. All all Regular Full-Time Full‐Time Employees (both exempt and non-exempt) non‐exempt) who (i) are Executives, (ii) are designated by the Plan Administrator as Participants in the Plan as set forth on Exhibit A attached hereto (which exhibit, subject to Section 20 hereof, may be updated from time to time by the Plan Administrator to add any employee who becomes a Covered Employee following the Effective Date), and (iii) experience a Covered Termination and who are not designated as ineligible... to receive severance benefits under the Plan as provided in Section 5 hereof. For the avoidance of doubt, neither Temporary Employees nor Part-Time Employees are eligible for severance benefits under the Plan. An employee's full-time, full‐time, part-time or temporary status for the purpose of this the Plan shall be is determined in good faith by the Plan Administrator upon review of the employee's status immediately before termination. Any person who is classified by the Company or its subsidiaries as an independent contractor or third-party third party employee is not eligible for severance benefits even if such classification is modified retroactively. retroactively View More
Found in Blue Apron Holdings, Inc. contract
Covered Employees. All all Regular Full-Time Employees (both exempt and non-exempt) who are Executives, who experience a Covered Termination Termination, who hold the title of Executive Vice President or above, and who are not designated as ineligible eligible to receive severance benefits under the Plan as provided in Section 5 hereof. For the avoidance of doubt, neither Temporary Employees nor Part-Time Employees are eligible for severance benefits under the Plan. An employee's full-time, part-time or temporary... status for the purpose of this Plan shall be is determined in good faith by the Plan Administrator upon review of the employee's status immediately before termination. Any person who is classified by the Company as an independent contractor or third-party third party employee is not eligible for severance benefits even if such classification is modified retroactively. retroactively View More
Found in INFINITY PHARMACEUTICALS, INC. contract
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