Define: Covered Employee
What does "Covered Employee" mean? The meaning differs based on the contract. We found 2 definitions across 1 company in SEC filings.
Definition 1 (NVIDIA CORP, seen in 1 filing)
Covered Employee means the Chief Executive Officer and the four (4) other highest compensated officers of the Company for whom total compensation is required to be reported to shareholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code.
Source: NVIDIA CORP S-1
Definition 2 (NVIDIA CORP, seen in 1 filing)
Covered Employee means the person who, as of the end of the taxable year, is either (i) the chief executive officer of the Company or is acting in such capacity, or (ii) among the four highest compensated officers of the Company (other than the chief executive officer), in each case as determined for purposes of Section 162(m) of the Code.
Source: NVIDIA CORP 10-K
Data extracted from 2 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.