Key Employee Definition Example with 4 Variations

This page contains an example definition of Key Employee, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Key Employee. An employee treated as a specified employee as of his Separation from Service under Code section 409A(a)(2)(B)(i) of the Company or its affiliate (i.e., a key employee (as defined in Code section 416(i) without regard to paragraph (5) thereof)) if the Company's stock is publicly traded on an established securities market or otherwise. The Company shall determine in accordance with a uniform Company policy which Officers are Key Employees as of each December 31 in accordance with IRS regulations... or other guidance under Code section 409A, provided that in determining the compensation of individuals for this purpose, the definition of compensation in Treas. Reg. § 1.415(c)-2(d)(3) shall be used. Such determination shall be effective for the twelve (12) month period commencing on April 1 of the following year View More
Found in Northrop Grumman contract

Variations

Key Employee. An an employee treated as a specified employee as of his Separation from Service under Code section 409A(a)(2)(B)(i) of the Company or its affiliate (i.e., a key employee (as defined in Code section 416(i) without regard to paragraph (5) thereof)) if the Company's stock is publicly traded on an established securities market or otherwise. The Company shall determine in accordance with a uniform Company policy which Officers are Key Employees as of each December 31 in accordance with IRS... regulations or other guidance under Code section 409A, provided that in determining the compensation of individuals for this purpose, the definition of compensation in Treas. Reg. § 1.415(c)-2(d)(3) l.415(c)-2(d)(3) shall be used. Such determination shall be effective for the twelve (12) month period commencing on April 1 of the following year year. Notwithstanding the foregoing, Key Employees of the Company will be determined in accordance with the special rules for spin-offs under Treas. Reg. § 1.409A-1(i)(6)(iii), or any successor thereto, for the period indicated in such regulation View More
Found in Huntington Ingalls Industries contract
Key Employee. An an employee treated as a specified employee as of his Separation from Service "specified employee" under Code section Section 409A(a)(2)(B)(i) of the Company or its affiliate an Affiliated Company (i.e., a key employee (as defined in Code section Section 416(i) without regard to paragraph (5) thereof)) if the Company's or an Affiliated Company's stock is publicly traded on an established securities market or otherwise. The Company shall determine in accordance with a uniform Company policy... which Officers participants are Key Employees as of each December 31 in accordance with IRS regulations or other guidance under Code section Section 409A, provided that in determining the compensation of individuals for this purpose, the definition of compensation in Treas. Reg. § 1.415(c)-2(d)(3) shall be used. Such determination shall be effective for the twelve (12) month 12-month period commencing on April 1 of the following year View More
Found in Huntington Ingalls Industries contract
Key Employee. An an employee treated as a specified employee as of his Separation from Service "specified employee" under Code section 409A(a)(2)(B)(i) of the Company or its affiliate the Affiliated Companies (i.e., a key employee (as defined in Code section 416(i) without regard to paragraph (5) thereof)) if the Company's or an Affiliated Company's stock is publicly traded on an established securities market or otherwise. The Company shall determine in accordance with a uniform Company policy which Officers... employees are Key Employees as of each December 31 in accordance with IRS regulations or other guidance under Code section 409A, provided that in determining the compensation of individuals for this purpose, the definition of compensation in Treas. Reg. § 1.415(c)-2(d)(3) shall be used. Such determination shall be effective for the twelve (12) month period commencing on April 1 of the following year year. View More
Found in Northrop Grumman contract
Key Employee. An an employee treated as a specified employee as of his Separation from Service 'specified employee' under Code section 409A(a)(2)(B)(i) of the Company or its affiliate the Affiliated Companies (i.e., a key employee (as defined in Code section 416(i) without regard to paragraph (5) thereof)) if the Company's or an Affiliated Company's stock is publicly traded on an established securities market or otherwise. The Company shall determine in accordance with a uniform Company policy which Officers... employees are Key Employees as of each December 31 in accordance with IRS regulations or other guidance under Code section 409A, provided that in determining the compensation of individuals for this purpose, the definition of compensation in Treas. Reg. § 1.415(c)-2(d)(3) shall be used. Such determination shall be effective for the twelve (12) month period commencing on April 1 of the following year year. View More
Found in Northrop Grumman contract
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