Non-Executive Chair (in addition to Eligible Director Service Retainer):
Chairman of the Board Service Retainer (in addition to Eligible Director Service Retainer):
Lead Independent Director Service Retainer (in addition to Annual Board Service Retainer):
Eligible Directors. Each member of the Board who is not also employed by the Company or any its subsidiaries on the date of grant of a Program Award (each, an “Eligible Director”) is eligible to receive Program Awards.
Outside Director serving as Chairperson: (in addition to above).
Non-Employee Director serving as Board Chair: N/A
All executive officers, chairmen and vice chairmen of boards, presidents, executive vice presidents, senior vice presidents and vice presidents of Commerce or any of its affiliated banks or subsidiary companies shall be eligible to participate in the Plan, together with such other officers or employees of Commerce and its affiliated banks and subsidiary companies as the Committee shall determine.
DTC Eligible. The Company’s common stock is DTC eligible and DTC has not placed a “freeze” or a “chill” on such securities and neither the Company nor to the best of the Company’s Knowledge, any director or officer thereof has any reason to believe that DTC has any intention to make its common stock not DTC eligible, or place a “freeze” or “chill” on such securities.
Eligible Adoptee. For purposes of this section, an “Eligible Adoptee” means any individual (other than a child of the Participant’s spouse) who # has not attained age 18 or # is physically or mentally incapable of self-support. For purposes of this [Section 12.14(a)], an individual shall be considered “physically or mentally incapable of self-support” if such person is disabled within the meaning of Code Section 72(m)(7).
Eligible Terminations. If a Participant’s employment is involuntarily terminated by an Employer
Eligible Compensation. “Eligible Compensation” means, the Base Salary, Bonus and Performance Share Award that the Participant receives or is entitled to receive from his or her Participating Employer for services rendered.
Eligible Employees. Eligibility to participate in the Plan shall be limited to certain key executives of an Employer who # are not parties to individual employment or change in control agreements that provide for severance benefits, and # are designated, by duly adopted resolution of the Committee, as Eligible Employees.
Eligible Loans. [Schedule EL] to the Repurchase Agreement is amended and restated in its entirety to read as set forth on [Exhibit E] to this Amendment.
The Employees eligible to participate in the Plan for a Plan Year shall be those Employees who are eligible participants in the ESOP during such Plan Year, are Highly Compensated Employees during such Plan Year and are employed by the Company on the Friday next preceding the last day of the Company's Fiscal Year in which the Plan Year ends.
Eligible Accounts. As to each Account that is identified by Borrowers as an Eligible Account in a Borrowing Base Certificate submitted to Agent, such Account is # a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery of Inventory or the rendition of services to such Account Debtor in the ordinary course of the Borrowers business and # not excluded as ineligible by virtue of one or more of the excluding criteria (other than any such criteria that is subject to the discretion or Permitted Discretion of Agent) set forth in the definition of Eligible Accounts.
Eligible Employees. Subject to [Article VII], each Participation Agreement shall set forth the amount of Eligible Compensation for the Plan Year to which the Participation Agreement relates that is to be deferred under the Plan (the "Deferred Amount"), expressed as either a dollar amount or a whole percentage of the Base Salary and Performance Awards for such Plan Year; provided that the minimum and maximum Deferred Amounts for any Plan Year shall be the minimum and maximum Deferred Amounts, respectively, established by the Administrator and set forth in the Participation Agreement for such Plan Year, and further provided that for deferrals earned on or after , the maximum Deferred Amount for any Plan Year shall not exceed 75% of Base Salary and 100% of Performance Award. In accordance with the provisions contained in [Article VII], each Participation Agreement shall also set forth a time and Form of Payment of a Deferred Amount. Participation Agreements are to be completed in a format specified by the Administrator. Notwithstanding the foregoing, if a Participant shall have failed to designate properly the form of payment of the Participant's benefit under the Plan, such payment will be in a lump sum.
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