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.
In the event of the employee's death, the company receives the life insurance policy proceeds. Einsurance.com explains that, the premiums on a key man policy can declared as a tax deduction by the company, but only if those premiums are charged to the insured individual as taxable income..