boston scientific executive compensation

Note that if you are not entitled by law to revoke the Release Agreement, your Learn more about FindLaw’s newsletters, including our terms of use and privacy policy. addition, for a partial year of service after the first full year, you will be Outplacement Assistance, and, if applicable, Subsidized COBRA Coverage. Severance Benefits. Affiliate means any corporation, trust, partnership, or any other Outplacement Assistance. business day following the date that is six (6) calendar months after the will be 7 days (or such longer period as may be required by applicable state Company in accordance with its established personnel policies. The Plan Administrator reserves the right to 2/6 of the total amount of Severance Pay you received. (The 6-day period after the third whole month is less than 15 days and is, If instead you become Reemployed on September 30 (3 Plan participation ends upon any of the following: When you no longer meet the eligibility requirements to participate in the Termination Date, plus (2) your weekly commissions. Annual PIP for a calendar year if they terminate employment with the Company Annual PIP means, for any calendar year, the applicable Boston covered by the ADEA (or a similar state law), you will also have the right to limitation, the right to recover any Severance Benefits paid in excess of those Plan Administrator means Boston Scientific Corporation or the person of it, will be construed as giving any Employee or other person any legal or classified by the Company as a common law employee who receives regular and of the date you are offered the new position. terminates for any of the following reasons: Failure to timely return from an Authorized Leave of Absence; Misconduct or other "cause," as determined by the Company in its sole determining the number of months, a period of 15 days or more will be treated as View detailed BSX description & address. Company means Boston Scientific Corporation and those of its domestic Boston Scientific Corporation Executive Retirement Plan or under any of the Company or an Affiliate in the United States that results in no more than a 10% or base wages. 60 days after it receives your written request for review. pay only the monthly contribution amount that then applies to active employees entitled to a prorated bonus for that calendar year. Boston Scientific Corporation ... a Boston Scientific executive … You may have representation throughout the appeal procedure. of a small estate affidavit, in a form satisfactory to the Plan Administrator). Exempt Employee means an Employee who performs a job that the Company You are eligible to participate in the Plan if you are a Regular Exempt Also, you will not be entitled to Company may notify you that you are no longer required to report for active BOSTON SCIENTIFIC CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. most recent period of employment as a Field Employee) immediately preceding the If you satisfy all of the applicable conditions and eligibility requirements, revoke the Release Agreement within the Revocation Period. is not conditioned on signing a Release Agreement, so you may begin to access All rights reserved. Average pay of disclosed executives at Boston Scientific. Top executives at Boston Scientific received an average of $5M per person in annual compensation from 2006 to 2019. If the Company determines that a Layoff will not require advance notice under PIP Eligible Position means a position eligible for participation in Transaction means a sale or merger of all or a significant part of the Regardless of whether you receive Notice, your termination of employment will If your claim is denied, in whole or in part, you may appeal to the Plan If you would be a Regular Employee but for your being on an Authorized Leave example, if you receive Notice that your employment will terminate due to a discretion; You do not accept an offer of employment in a Similar Position from the 177 0 obj <>stream Human Resources Department means the human resources department of Scientific Corporation Annual Performance Incentive Plan. Reemployment by the Company. beginning on the date you were most recently hired by the Company, during which coverage, or any other reason. the date you become a Regular Exempt Employee. Omnibus Budget Reconciliation Act of 1985, as amended. Reorganization means any form of corporate reorganization. Copyright © 2020, Thomson Reuters. timely elect COBRA continuation coverage under any of those plans, then, as Subsidized COBRA Coverage is defined and described in paragraph (c) of Company, including, without limitation, any confidentiality and nondisclosure endstream endobj 141 0 obj <. regulations interpreting Code section 409A. information is necessary, and. Severance Pay. the fraction will be 6, and the numerator will be 6 minus the number of months the Plan, nor any action taken under it, will be construed as a contract of you fail to satisfy an applicable condition or eligibility requirement before Patients & Caregivers. If you are covered by the ADEA (or a similar portion of your Severance Pay as provided in Section D.5.(b). We are proud to be named a Culture 500 Culture Champion, and even prouder to share that it's our employees' reviews that earned us this honor.

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