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IBM » Topics » Executive

This excerpt taken from the IBM 10-Q filed Apr 29, 2008.
“Executive” means an Employee who is classified as an executive, based on the compensation band to which he is assigned, in accordance with the personnel policies and practices of his Employer.

 

1.28                           “Five Percent Owner” means with respect to a corporation, any person who owns or is considered as owning within the meaning of Section 318 of the Code more than 5% of the outstanding stock of the corporation, or stock possessing more than 5% of the total voting power of the corporation.

 

1.29                           “Foreign Branch” means a branch, division, or other unit of IBM or a Domestic Subsidiary that operates principally outside the United States, its territories, or possessions.

 

1.29A                

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