Section 162 Participant

Example Definitions of "Section 162 Participant"
Section 162 Participant. Means, after the Company becomes Publicly Traded, any key employee designated by the Committee as a key employee whose compensation for the fiscal year in which the key employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.
Found in FABRI STEEL PRODUCTS INC contract
Section 162 Participant. Means, after the Company becomes Publicly Traded, "Section 162(m) Participant" shall mean any key employee Employee designated by the Committee Administrator as a key employee Employee whose compensation for the fiscal year in which the key employee Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.
Found in Rennova Health, Inc. contract
Section 162 Participant. Means, after Means any employee of the Company becomes Publicly Traded, any key employee or its Subsidiaries designated by the Committee as a key employee whose compensation for the fiscal year in which the key employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.
Found in SPECTRA PHYSICS INC contract
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Section 162 Participant. Means a Participant a portion of whose compensation would be subject to Section 162(m) and that Wilmington Trust desires to deduct.
Found in WILMINGTON TRUST CORP contract
Section 162 Participant. Means, for a given fiscal year of the Company, any Participant designated by the Committee by not later than 90 days following the start of such year as a Participant (or such other time as may be required or permitted by Section 162(m) of the Code) whose compensation for such fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.
Found in GETTY IMAGES INC contract
Section 162 Participant. Shall mean the chief executive officer (CEO) or one of the four highest paid officers of the Company (other than the CEO) on the last day of the taxable year, for purposes of the executive compensation disclosure rules under the Securities Exchange Act of 1934.
Found in TIMBERLAND CO contract
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