Eligibility Clause Example with 5 Variations from Business Contracts

Eligibility. Only individuals who are Eligible Executives may participate in the Plan. The Committee has full and absolute discretion to determine and select which employees of the Company and its Affiliates are Eligible Executives. Once an employee has been designated as an Eligible Executive, he or she such individual shall automatically continue to be an Eligible Executive until he or she the Eligible Executive ceases to be an employee or is removed as an Eligible Executive by the Committee; provided, how...ever, that if an employee is an Eligible Executive as of the date of a Change in 6 Control, then he or she may not be removed as an Eligible Executive by the Committee during the 12-month period following the date of such Change in Control. Committee. The Plan shall supersede all prior agreements, practices, policies, procedures and plans relating to severance benefits from all members of the Company and its Affiliates Group with respect to the Eligible Executives. View More

Eligibility. Only individuals who are Eligible Executives may participate in the Plan. The Committee has full and absolute discretion to determine and select which employees of the Company and its Affiliates are Eligible Executives. Once an employee has been designated as an Eligible Executive, he or she such individual shall automatically continue to be an Eligible Executive until he or she the Eligible Executive ceases to be an employee or is removed as an Eligible Executive by the Committee; provided, how...ever, that if an employee is an Eligible Committee. Other than with respect to any applicable Executive as of Employment Agreement, the date of a Change in 6 Control, then he or she may not be removed as an Eligible Executive by the Committee during the 12-month period following the date of such Change in Control. The Plan shall supersede all prior agreements, practices, policies, procedures and plans relating to severance payments or benefits from all members of the Company and its Affiliates Group with respect to the Eligible Executives. View More

Eligibility. Only individuals who are Eligible Executives may participate in the Plan. The Committee has full and absolute discretion to determine and select which employees of the Company and its Affiliates are Eligible Executives. Once an employee has been designated as an Eligible Executive, he or she shall automatically continue to be an Eligible Executive until he or she ceases to be an employee or is removed as an Eligible Executive by the Committee; provided, however, that if an employee is an Eligibl...e Executive as of the date of a Change in 6 Control, then he or she may not be removed as an Eligible Executive by the Committee during the 12-month period following the date of such Change in Control. CIC Protection Period. The Plan shall supersede all prior practices, policies, procedures and plans relating to severance benefits from the Company and its Affiliates with respect to the Eligible Executives. View More

Eligibility. Only individuals who are Eligible Executives may participate in the Plan. The Committee has full and absolute discretion to determine and select which employees of the Company and its Affiliates are Eligible Executives. Once an employee has been designated as an Eligible Executive, he or she shall automatically continue to be an Eligible Executive until he or she ceases to be an employee or is removed as an Eligible Executive by the Committee; provided, however, that if an employee is an Eligibl...e Executive as of the date of a Change in 6 Control, then he or she may not be removed as an Eligible Executive by the Committee during the 12-month period following the date of such Change in Control. CIC Protection Period. The Plan shall supersede all prior practices, policies, procedures and plans relating to severance benefits from the Company and its Affiliates with respect to the Eligible Executives. Notwithstanding anything to the contrary, under no circumstances shall any person become an Eligible Executive under this Plan, nor shall any person be entitled to benefits under this Plan, if such person is party to another agreement with the Company (or any of its Affiliates) providing for severance benefits. View More

Eligibility. Only individuals who are Eligible Executives may participate in the Plan. The Committee has full and absolute discretion to determine and select which employees of the Company and its Affiliates are Eligible Executives. Once an employee has been designated as an Eligible Executive, he or she shall automatically continue to be an Eligible Executive until he or she ceases to be an employee or is removed as an Eligible Executive by the Committee; provided, however, that if an employee is an Eligibl...e Executive as of the date of a Change in 6 Control, then he or she may not be removed as an Eligible Executive by the Committee during the 12-month period following the date of such Change in Control. For the avoidance of doubt, the Committee may determine that an employee who was previously designated as an Eligible Executive shall no longer be an Eligible Executive any time prior to a Change in Control or any time after the one-year anniversary of a Change in Control. The Plan shall supersede all prior practices, policies, procedures and plans relating to severance benefits payments from the Company and its Affiliates with respect to the Eligible Executives. Executives; provided, however, that the terms and provisions of the Incentive Plan, the ProPetro Holding Corp. 2013 Stock Option Plan, and the award agreements under each such plan shall continue to govern the equity-based awards granted under such plans to an Eligible Executive following such Eligible Executive’s termination of employment. View More