Eligibility Clause Example with 15 Variations from Business Contracts
This page contains Eligibility clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Eligibility. Subject to Section 13 of the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar days as of the first day of an Option Period; (ii) whose customary Employment with the Company or a Designated Su...bsidiary, as applicable, is for more than five (5) months per calendar year; (iii) who customarily works twenty (20) hours or more per week; and (iv) who satisfies the requirements set forth in the Plan will be an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) above, in each case, consistent with the requirements of Section 423. The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date.View More
Variations of a "Eligibility" Clause from Business Contracts
Eligibility. Subject to Section 13 of the Plan, Plan and the exceptions and limitations set forth in Section Sections 4(b), Section 4(c), 4(c) and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, Plan, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar thirty (30) days as of the first day of an Option Period; Period, (ii) whose customary E...mployment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year and (iii) who customarily works twenty (20) hours or more per week; and (iv) who satisfies the requirements set forth in the Plan will week shall be considered an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock Stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the different eligibility requirements set forth in Section 4(a) above, in each case, consistent not inconsistent with the requirements of Section 423. 1 5. Option Periods The Plan will generally be implemented by a series of separate offerings referred to as "Option Periods." Unless otherwise determined by the Administrator, the Option Periods will be successive periods of approximately six (6) months commencing on the first Business Day in January and July of each year, anticipated to be on or around January 1 and July 1, and ending approximately six (6) months later on the last Business Day in June or December, as applicable, of each year, anticipated to be on or around June 30 and December 31. The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, Period to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) 27 months from its grant date. View More
Eligibility. Subject to Section 13 of the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), Sections 4(b) and Section (c) and 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, Plan, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar thirty (30) days as of the first day of an Option Period; Period, (ii) whose customar...y Employment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan will be an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock shares possessing five percent (5%) or more of the total combined voting power or value of all classes of stock shares of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the different eligibility requirements set forth in Section 4(a) above, in each case, consistent not inconsistent with the requirements of Section 423. Unless otherwise determined by the Administrator, the Option Periods will be successive periods of approximately six (6) months commencing on the first Business Day in January and July of each year, anticipated to be on or around January 1 and July 1, and ending approximately six (6) months later on the last Business Day in June or December, as applicable, of each year, anticipated to be on or around June 30 and December 31, as applicable, of each year. The last Business Day of each Option Period will be an "Exercise Date." Date". The Administrator may change the Exercise Date, Date and the commencement date, the ending date and the duration of each the Option Period, in each case, Periods to the extent permitted by Section 423; 423, provided, however, that no Option may be exercised after twenty-seven (27) 27 months from its grant date. View More
Eligibility. Subject to Section 13 of the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar days six (6) months as of the first day of an Option Period; Period, (ii) whose customary Employment with the Com...pany or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, (iv) who is not a highly compensated employee (within the meaning of Section 414(q) of the Code) who is subject to the disclosure requirements of Section 16(a) of the Securities Exchange Act, and (iv) (v) who satisfies the requirements set forth in the Plan will be an Eligible Employee. (b) Five (b)Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional 92161814_4(c)Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) subsection (a) above, in each case, consistent with the requirements of Section 423. 423.5.Option Periods The Plan will generally be implemented by a series of separate offerings referred to as "Option Periods". Unless otherwise determined by the Administrator, the Option Periods will be successive periods of approximately three (3) months commencing on the first payroll date in January, April, July, and October of each year, anticipated to be on or around January 1 and April 1, July 1, and October 1, and ending approximately three months later on the last Business Day in March, June, September or December, as applicable, of each year, anticipated to be on or around March 31, June 30, September 30 and December 31. The last Business Day of each Option Period will be an "Exercise Date." Date". The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) 27 months from its grant date. date.6.Option GrantSubject to the requirements and limitations set forth in Sections 4 and 10 of the Plan and the Maximum Share Limit, on the first day of an Option Period, each Participant will automatically be granted an Option to purchase shares of Stock on the Exercise Date; provided, however, that no Participant will be granted an Option under the Plan that permits the Participant's right to purchase shares of Stock under the Plan and under all other employee stock purchase plans of the Company and its Parent and Subsidiaries, if any, to accrue at a rate that exceeds $25,000 in Fair Market Value (or such other maximum as may be prescribed from time to time by the Code) for each calendar year during which any Option granted to such Participant is outstanding at any time, as determined in accordance with Section 423(b)(8) of the Code. View More
Eligibility. Subject to Section 13 of the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), 4(c) Section 4(d), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously is employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar days as of the first day of an Option Period; (ii) whose customary Employment with the Comp...any or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; (iii) who customarily works twenty (20) hours or more per week; and (iv) who satisfies the requirements set forth in the Plan applicable Enrollment Period will be an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Officers. No Employee may be granted an Option under the Plan if such Employee is subject to the disclosure requirements of Section 16(a) of the Securities Exchange Act of 1934, as amended, in accordance with Section 1.423-2(e)(ii) of the Treasury Regulations. (d) Additional Requirements. The Administrator may, for Option Offering Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) above, in each case, consistent with the requirements of Section 423. The last Business Day first payroll date to occur following the end of each Option Offering Period will be an "Exercise a "Purchase Date." The Administrator may change the Exercise Purchase Date, the commencement date, the ending date and the duration of each Option Offering Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date. View More
Eligibility. Subject to Section 13 of the limitations contained in the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) ninety (90) calendar days as of the first day of an Option Period; Period, (ii) whose customa...ry Employment employment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan Plan, will be an Eligible Employee. (b) Five Percent Shareholders. Stockholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock shares possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) subsection (a) above, in each case, consistent with the requirements of Section 423. The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date.View More
Eligibility. Subject to Section 13 of the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), Sections 4(b) and Section (c) and 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, Plan, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar thirty (30) days as of the first day of an Option Period; Period, (ii) whose customar...y Employment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan will be an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock shares possessing five percent (5%) or more of the total combined voting power or value of all classes of stock shares of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the different eligibility requirements set forth in Section 4(a) above, in each case, consistent not inconsistent with the requirements of Section 423. The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date.View More
Eligibility. Subject to Section 13 of the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) 90 calendar days as of the first day of an Option Period; Period, (ii) whose customary Employment with the Company or a De...signated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan will be an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) subsection (a) above, in each case, consistent with the requirements of Section 423. Unless otherwise determined by the Administrator, the Option Periods will be successive periods of approximately six (6) months commencing on the first Business Day in January and July of each year, anticipated to be on or around January 1 and July 1, and ending approximately six months later on the last Business Day in June or December, as applicable, of each year, anticipated to be on or around June 30 and December 31. The last Business Day of each Option Period will be an "Exercise Date." Date". The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) 27 months from its grant date. View More
Eligibility. Subject to Section 13 of the limitations contained in the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar thirty (30) days as of the first day of an Option Period; Period, (ii) whose customa...ry Employment employment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan Plan, will be an Eligible Employee. (b) Five Percent Shareholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) subsection (a) above, in each case, consistent with the requirements of Section 423. The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date.View More
Eligibility. Subject to Section 13 of the limitations contained in the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) thirty (30) calendar days as of the first day of an Option Period; Period, (ii) whose customa...ry Employment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan Plan, will be an Eligible Employee. (b) Five Percent Shareholders. Stockholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock shares possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) subsection (a) above, in each case, consistent with the requirements of Section 423 The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by that the Options granted during such Option Period are intended to satisfy the requirements of Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date. 423. View More
Eligibility. Subject to Section 13 of the limitations contained in the Plan, and the exceptions and limitations set forth in Section 4(b), Section 4(c), and Section 6 of the Plan, or as may be provided elsewhere in the Plan or in any sub-plan contemplated by Section 23, each Employee (i) who has been continuously employed by the Company or a Designated Subsidiary, as applicable, for a period of at least fifteen (15) calendar days ten (10) Business Days as of the first day of an Option Period; Period, (ii) wh...ose customary Employment with the Company or a Designated Subsidiary, as applicable, is for more than five (5) months per calendar year; year, (iii) who customarily works twenty (20) hours or more per week; week, and (iv) who satisfies the requirements set forth in the Plan Plan, will be an Eligible Employee. (b) Five Percent Shareholders. Stockholders. No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock shares possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any. (c) Additional Requirements. The Administrator may, for Option Periods that have not yet commenced, establish additional or other eligibility requirements, or amend the eligibility requirements set forth in Section 4(a) subsection (a) above, in each case, consistent with the requirements of Section 423 The last Business Day of each Option Period will be an "Exercise Date." The Administrator may change the Exercise Date, the commencement date, the ending date and the duration of each Option Period, in each case, to the extent permitted by that the Option Period is intended to satisfy the requirements of Section 423; provided, however, that no Option may be exercised after twenty-seven (27) months from its grant date. 423. View More
