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 ?
Finnish pharmaceutical company Orion Oyj (HEL:ORNBV) announced on Wednesday the decision by its board of directors on a new share-based incentive plan for the group's key persons.
Also, Oscar's current majority shareholder Jukka Hakosalo and CEO Simo Salminen will continue as the company's significant minority shareholders in addition to other key persons.
The other person that Spirko mentions as a key person is only nicknamed "Peazenka" (Slovak for Wallet).
Zurich notes that the loss of a key person at an SME could not only have an adverse impact on profitability, it could also impact the ability of the surviving business owners to pay out business liabilities and sustain the life of the business.
Analysts base their standpoint with the fact that the key persons - Vlatko Gjorcev and Antonio Milososki did not vote in favor of the Amnesty Law.
Key persons are those who are influential or crucial, whether directly or indirectly, to achieving financial success.
MANAMA: The Bahrain Stock Exchange (BSE) has issued a resolution adopting guidelines concerning the dealings by key persons in shares and securities accepted for trading on the exchange.
Friday's Trud edition claims that key persons from Parvanov's future civic movement and party will be present at Friday's forum organized by the President under the title "Strategic Priorities for the Bulgarian Economy within the Europe 2020 Strategy."
Further readings and information on other key persons mentioned in the book are provided.
To further drive the Company's development and enhance the employees' initiatives at work, the share appreciation rights plan is eligible to those senior management and key persons that may bear substantial effect to the realization of the Company's strategic missions, such as senior management at the headquarter, managers under different divisions at the headquarters, management of the fellow subsidiaries (including branches, wholly owned subsidiaries and subsidiaries under control), core technical staff and key persons nominated by the board of the Company (or authorized by the remuneration committee or the management).
There are various methods of estimating this value and these could be: Multiple of profits - up to two years gross profits or five times annual net profit, divided by the number of key persons.