In taking a closer look at the trajectories of icebergs in 1912, Bing and his colleague noticed one iceberg that stood out: one that calved from a glacier in southwest Greenland in 1911 and passed closest to the site at which Titanic went down.
Popular Terms. Employee that is considered to be a key stakeholder in the operation of a company. The Internal Revenue Service (IRS) defines a key employee as anyone who owns greater than 5% of the company assets and/or receives compensation that is over a certain threshold set by the IRS.
cover its potential loss at the death of such employee. Such insurance coverage is usually referred to. as key person life insurance. Under most circumstances, the business should be the owner, premium payer, and beneficiary of. the policy purchased on a key employee. The goal is to have an influx of cash at the death of a key.