The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

KEY EMPLOYEE Definition & Legal Meaning

Definition & Citations:

Essential, main employee stakeholder in corporate operations. May be an officer with voting rights able to influence the company. Any employee owning company assets 5% or more of the total and/or receives compensation exceeding a threshold set by the IRS is a key employee per the IRS. Also known as highly compensated employee.


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