Tier 3 Employee Definition | Law Insider (2024)

Tier 3 Employee

means any employee of the Employer designated as such by a resolution of the Board.

Tier 3 Employee

means any Senior Vice President of the Company or any of its Affiliates, and any other employee of the Company or any of its Affiliates designated as such by the Plan Administrator in writing.

Examples of Tier 3 Employee in a sentence

  • A cash payment equal to the annual base salary as in effect immediately prior to the Severance Date, multiplied by (A) in the case of a Tier 1 Employee, 2.0, (B) in the case of a Tier 2 Employee, 1.0, and (C) in the case of a Tier 3 Employee, 0.5. For purposes of this Section 2.1(a)(i), annual base salary shall be the amount in effect immediately prior to the Severance Date without regard to any voluntary salary reductions that may be in effect immediately prior to the Severance Date.

  • If participation in CIGNA International is not practicable because such Tier 3 Employee relocates to the United States, the Company shall arrange to provide such Tier 3 Employee (and any eligible dependents), to the extent such benefits were provided by CIGNA International, with insured medical, dental, vision, life insurance, and prescription drug benefits on the same basis as provided for Tier 3 Employees whose job duties are based in the United States.

  • For purposes of this Section, annual base salary shall be determined immediately prior to the Severance (without regard to any reductions therein which constitute Good Reason for termination by a Tier 3 Employee).

  • Physical activity, structural brain changes and cognitive decline.

  • In the event that during the period commencing on the date of the Change in Control and ending twelve (12) months thereafter, the employment of a Tier 1 Employee, Tier 2 Employee or Tier 3 Employee is terminated by the Employer without Cause or by the Participant for Good Reason, then the Employer shall pay or provide the Participant with the Severance Benefits.


More Definitions of Tier 3 Employee

Tier 3 Employee

means an Employee selected by the Committee and named on Exhibit C.

Tier 3 Employee

means any employee of the Employer selected by the Plan Administrator to participate in the Plan and who is designated in the Company's records as a Tier 3 Participant.

Tier 3 Employee

means an individual so designated on Schedule A hereto.

Tier 3 Employee

means any Vice President of the Employer, and any other employee of the Employer as designated by the Company.

Tier 3 Employee

means each Designated Employee of the Company who is identified by the Company as a Tier 3 employee.

Tier 3 Employee

means any full-time salaried employee of the Employer who is (1) eligible to participate in The Goodyear Tire & Rubber Employee Savings Plan for Salaried Employees and (2) neither a Tier 1 Employee nor a Tier 2 Employee. 2.02. Construction As used in the Plan—(a) the use of the masculine gender shall include the feminine gender, and vice versa, and (b) the words “include” or “including” shall mean include or including “without limitation.

Tier 3 Employee Definition | Law Insider (2024)
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