Specified Employee

Specified Employee. If the Executive is a Key Employee (defined below) of the Bank or any entity that is aggregated with the Bank under Code section 414(b) or (c) as of December 31st of any year (the “Determination Date”), and the Bank (or any entity that is aggregated with the Bank under Code section 414(b) or (c)) has stock that is publicly traded on an established securities market or otherwise, the Executive shall be treated as a Specified Employee during the 12-month period beginning on the April 1st... following the Determination Date. An Executive is a Key Employee as of a Determination Date if the Executive meets the requirements of Code section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during the twelve months preceding the Determination Date. View More

Specified Employee. Means a Participant who is a key employee as defined in section 416(i) of the Code. A Participant's status as a Specified Employee shall be determined each December 31st based on the facts existing during the year ending on that date. If a Participant is determined to be a Specified Employee on that date, the Participant shall be treated as a Specified Employee for purposes of the six (6) month delay under paragraph 1 if Separation from Service occurs during the twelve (12) month period... beginning the following April 1. View More

Specified Employee. Means a "specified employee" as defined in Section 409A.

Specified Employee. A "key employee" (within the meaning of that term under Code Section 416(i)). Accordingly, you will be deemed to be a Specified Employee if you are, as of the last day of any calendar year: (i) an officer of Broadcom whose annual compensation from Broadcom and any other members of the Employer Group is in the aggregate greater than the compensation limit in Section 416(i)(1)(A)(i) of the Code, provided that no more than fifty (50) officers of Broadcom shall be determined to be Specified... Employees as of the relevant determination date; (ii) a five percent (5%) owner of Broadcom or any other member of the Employer Group; or (iii) a one percent (1%) owner of Broadcom or any other member of the Employer Group whose annual compensation from Broadcom and any other members of the Employer Group is in the aggregate more than $150,000. The Specified Employees shall be determined as of the last day of each calendar year. If you are determined to be a Specified Employee on any such date, you will be considered a Specified Employee for purposes of the Severance Program during the period beginning on the April 1 of the following year and ending on the March 31 of the next year thereafter. For purposes of determining an officer's compensation when identifying Specified Employees, compensation is defined in accordance with Treas. Reg. §1.415(c)—2(a), without applying any safe harbor, special timing or other special rules described in Treas. Reg. §§ 1.415(c)—2(d), 2(e) and 2(g). View More

Specified Employee. Any employee of the Company and its Affiliates that the Company determines is a Specified Employee within the meaning of Section 409A of the Code. The Company shall determine whether an employee is a Specified Employee by applying reasonable, objectively determinable identification procedures established by the Board (or a committee thereof) from time to time in accordance with Section 409A of the Code. For this purpose, an "Affiliate" is any person or entity with whom the Company would be... considered a single employer under Sections 414(b) or 414(c) of the Code View More

Specified Employee. Shall have the meaning set forth in Code Section 409A .