Eligibility Clause Example with 6 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. (a) Recipients of Grants. Nonstatutory Stock Options and Stock Purchase Rights may be granted to Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. (b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b...), to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of the grant of such Option. (d) No Employment Rights. The Plan shall not confer upon any Participant any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant's right or the Company's right to terminate his or her employment or consulting relationship at any time, with or without Cause.View More
Variations of a "Eligibility" Clause from Business Contracts
Eligibility. (a) Recipients of Grants. Nonstatutory A.Non-statutory Stock Options and Stock Purchase Rights may be granted to Employees and Consultants. Service Providers. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Employees. KineMed, Inc. – 2001 Stock Options. (b) Type of Option. Each Option Plan 7 B.Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Non-...statutory Stock Option. (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b), However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any the Optionee during any calendar year (under all plans of the Company or and any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Non-statutory Stock Options. For purposes of this Section 5(c), 5(b), Incentive Stock Options shall be taken into account in the order in which they were granted, and the granted. The Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of time the grant of Option with respect to such Option. (d) No Employment Rights. The Shares is granted. C.The Plan shall not confer upon any Participant Optionee any right with respect to continuation of an employment or consulting continuing the Optionee's relationship as a Service Provider with the Company, nor shall it interfere in any way with such Participant's his or her right or the Company's right to terminate his or her employment or consulting such relationship at any time, with or without Cause. cause. View More
Eligibility. (a) Recipients of Grants. Nonstatutory Nonqualified Stock Options and Stock Purchase Rights may be granted to Employees Employees, Consultants and Consultants. Non-Employee Directors. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. Employees. (b) Type of Option. Each Option shall be designated in the Option Agreement written option agreement as either an Incentive Stock Option or a Nonstatut...ory Nonqualified Stock Option. (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b), However, notwithstanding such designations, to the extent that the aggregate Fair Market Value of the Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Nonqualified Stock Options. (c) For purposes of this Section 5(c), 5(b), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of time the grant of Option with respect to such Option. Shares is granted. (d) No Employment Rights. The Plan shall not confer upon any Participant Optionee any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant's his right or the Company's right to terminate his or her employment or consulting relationship at any time, with or without Cause. cause, unless otherwise agreed in writing by the Company and such Optionee. View More
Eligibility. (a) Recipients of Grants. Nonstatutory Stock Options and Stock Purchase Rights may be granted to Employees and Consultants. Service Providers. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Employees. -4- 6. Limitations. (a) Incentive Stock Options. (b) Type of Option. Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. (c) ISO $1...00,000 Limitation. Notwithstanding any designation under Section 5(b), However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any the Optionee during any calendar year (under all plans of the Company or and any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted, and the granted. The Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of time the grant of Option with respect to such Option. (d) No Employment Rights. The Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option or Stock Purchase Right shall not confer upon any Participant Optionee any right with respect to continuation of an employment or consulting continuing the Optionee's relationship as a Service Provider with the Company, nor shall it interfere in any way with such Participant's his or her right or the Company's right to terminate his or her employment or consulting such relationship at any time, with or without Cause. cause, and with or without notice. View More
Eligibility. (a) Recipients of Grants. Nonstatutory Stock Options and Stock Purchase Rights may be granted to Employees and Consultants. Service Providers. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. Employees. (b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. (c) ISO $100,000 Limitation. Notwithstanding any... designation under Section 5(b), However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any the Optionee during any calendar year (under all plans of the Company or and any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), 5(b), Incentive Stock Options shall be taken into account in the order in which they were granted, and the granted. The Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of time the grant of Option with respect to such Option. (d) No Employment Rights. The Shares is granted. (c) Neither the Plan nor any Option or Stock Purchase Right shall not confer upon any Participant Optionee any right with respect to continuation of an employment or consulting continuing the Optionee's relationship as a Service Provider with the Company, nor shall it interfere in any way with such Participant's his or her right or the Company's right to terminate his or her employment or consulting such relationship at any time, with or without Cause. cause. View More
Eligibility. (a) Recipients of Grants. Nonstatutory Stock Options Options, Stock Awards and Stock Purchase Rights Cash Awards may be granted to Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not Employees. An Employee or Consultant who has been granted an Option, Stock Award or Cash Award may, if he or she is otherwise eligible, be eligible to receive Incentive granted additional Options, Stock Options. Awards or Cash Awards. (...b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b), However, notwithstanding such designations, to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), 5(b), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of the grant of such Option. (d) No 6 (c) Employment Rights. Relationship. The Plan shall not confer upon the holder of any Participant Option or Stock Award any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant's holder's right or the Company's right to terminate his or her employment or consulting relationship at any time, with or without Cause. cause. View More
Eligibility. (a) Recipients of Grants. Nonstatutory Stock Options Options, Stock Awards and Stock Purchase Rights Cash Awards may be granted to Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not Employees. An Employee or Consultant who has been granted an Option, Stock Award or Cash Award may, if he or she is otherwise eligible, be eligible to receive Incentive granted additional Options, Stock Options. Awards or Cash Awards. (...b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b), However, notwithstanding such designations, to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), 5(b), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of the grant of such Option. (d) No (c) Employment Rights. Relationship. The Plan shall not confer upon the holder of any Participant Option or Stock Award any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant's holder's right or the Company's right to terminate his or her employment or consulting relationship at any time, with or without Cause. cause. View More
