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, 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, 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) ninety (90) calendar days as of the first day of an Option Period; Period, (ii) whose 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 will be an Eligible Employee. 1 (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 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 customary Employment with the Compan...y 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 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) calendar days ten (10) Business Days as of the first day of an Option Period; (ii) whose cust...omary Employment with the Company 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 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 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, Date and the commencement date, the ending date and the duration of each Option Period, Periods, in each case, to the extent permitted by Section 423; provided, however, that 423. In no event may any 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; (ii) whose customary Emplo...yment with the Company 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 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 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, Date and the commencement date, the ending date and the duration of each Option Period, Periods, in each case, to the extent permitted by Section 423; provided, however, that 423. In no event may any 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; (ii) whose customary Emplo...yment with the Company 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 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 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, Date and the commencement date, the ending date and the duration of each Option Period, Periods, in each case, to the extent permitted by Section 423; provided, however, that 423. In no event may any Option may be exercised after twenty-seven (27) months from its grant date. View More
