Key Employee

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Key Employee

A very important employee. A key employee may have contacts highly beneficial to the company, may work hard and generate more revenue than any other employee, or may have some other skill that would be difficult or impossible to replicate in another employee. Often, but not always, a key employee is a manager. A company may purchase key person insurance to protect itself against the possibility that an employee may unexpectedly die or become unable to work, which would deprive the company of his/her skills.
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References in periodicals archive ?
The company said the aim of this programme is to combine the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term, to commit the key employees to implement the company's strategy, as well as to offer them a competitive reward programme based on earning and accumulating the company's shares.
Rewarding key employees: Another valid business purpose for a corporate division in the small business context is to reward key employees of one division or business, but not another.
If the SEP/IRA is a "top heavy" plan, a minimum employer contribution must be made in the amount of the lesser of 3% of compensation or the largest percent of compensation contributed on behalf of any key employee. This may dilute the benefit of Social Security integration if low percentages of compensation will be contributed.
This Restricted Share Plan is directed only to select key employees in the Elisa.
This will likely eliminate the use of split-dollar life insurance arrangements for such companies' key employees.
Restamax Oyj (HEL:RESTA), a Finnish group specialising in restaurant services and labour hire, announced on Friday the resolution by its board of directors of a new long-term share-based incentive plan targeted at key employees of the company.
Thus, John is not now interested in offering restricted stock or stock options to his key employees.
Which key employees will stay if the business is sold to outsiders?
Ponsse Oyj (HEL:PON1V), a designer, developer, manufacturer and marketer of forest machines, announced on Tuesday the decision by its board of directors to launch a free share issue for the payment of the share-based incentive scheme 2018 for the company's key employees.
Global Banking News-November 28, 2018-Ponsse's board decides to transfer shares to key employees as a part of share-based incentive scheme 2018
NORDIC BUSINESS REPORT-November 28, 2018-Ponsse's board decides to transfer shares to key employees as a part of share-based incentive scheme 2018
In allocating options among key employees, the first step should be to determine whether "tiers" of potential exist within this group.