Eligibility Contract Clauses (3,393)

Grouped Into 67 Collections of Similar Clauses From Business Contracts

This page contains Eligibility clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Eligibility. All employees of the Company and all employees of any subsidiary of the Company (as defined in Section 424(f) of the Code) designated by the Board or the Committee from time to time (a "Designated Subsidiary"), are eligible to participate in any one or more of the offerings of Options (as defined in Section 9) to purchase Common Stock under the Plan provided that: (a) they are customarily employed by the Company or a Designated Subsidiary for more than twenty (20) hours a week and for more than ...five (5) months in a calendar year; (b) they have been employed by the Company or a Designated Subsidiary for at least three (3) months prior to enrolling in the Plan; and (c) they are employees of the Company or a Designated Subsidiary on the first day of the applicable Plan Period (as defined below). No employee may be granted an Option hereunder if such employee, immediately after the Option is granted, owns 5% or more of the total combined voting power or value of the stock of the Company or any subsidiary. For purposes of the preceding sentence, the attribution rules of Section 424(d) of the Code shall apply in determining the stock ownership of an employee, and all stock that the employee has a contractual right to purchase shall be treated as stock owned by the employee. The Company retains the discretion to determine which eligible employees may participate in an offering pursuant to and consistent with Treasury Regulation Sections 1.423-2(e) and (f). View More
Eligibility. All Except as provided in the Plan Guidelines or an International Sub-Plan, all employees of the Company and all employees of any subsidiary of the Company (as defined in Section 424(f) of the Code) designated by the Board or the Committee from time to time (a "Designated Subsidiary"), are eligible to participate in any one or more of the offerings of Options (as defined in Section 9) to purchase Common Stock under the Plan provided that: (a) they are customarily employed by the Company or a Des...ignated Subsidiary for more than twenty (20) hours a week and for more than five (5) months in a calendar year; (b) they have been employed by the Company or a Designated Subsidiary for at least three (3) months prior to enrolling such minimum period of time as is provided in the Plan; Plan Guidelines (which period may not be greater than two (2) years); and (c) they are employees of the Company or a Designated Subsidiary on the first day of the applicable Plan Period (as defined below). No employee may be granted an Option hereunder if such employee, immediately after the Option is granted, owns 5% or more of the total combined voting power or value of the stock of the Company or any subsidiary. subsidiary of the Company. For purposes of the preceding sentence, the attribution rules of Section 424(d) of the Code shall apply in determining the stock ownership of an employee, and all stock that the employee has a contractual right to purchase (including stock that would be purchasable under such Option) shall be treated as stock owned by the employee. The Company retains the discretion to determine which eligible employees may participate in an offering pursuant to and consistent with Treasury Regulation Sections 1.423-2(e) and (f). The participation by an eligible employee in any Offering is voluntary, and no eligible employee shall be induced to participate in any Offering by expectation of employment or continued employment. View More
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Eligibility. (a) Unless otherwise provided in this Section 4 and subject to the requirements of Section 6, any Eligible Employee on a given Offering Date shall be eligible to participate in the Plan. (b) For purposes of this Plan, the employment relationship shall be treated as continuing intact while the individual is on military or sick leave or other bona fide leave of absence approved by the Company or the applicable Participating Subsidiary or Participating Affiliate so long as the leave does not exceed... three (3) months or, if longer than three (3) months, the individual's right to reemployment is provided by statute or has been agreed to by contract or in a written policy of the Company or the applicable Participating Subsidiary or Participating Affiliate that provides for a right of reemployment following the leave of absence. (c) Notwithstanding the foregoing, for all options to be granted on an Offering Date, the definition of Eligible Employee will not include an individual who (i) is not employed by the Company or a Participating Subsidiary or Participating Affiliate, as applicable, ten 10 business days before the beginning of such Offering Period; and/or (ii) would, immediately after the grant, own Ordinary Shares possessing five percent (5%) or more of the total combined voting power or value of all classes of our capital stock. 4 (d) The Administrator, in its sole discretion, from time to time, may, prior to an Offering Date for all options to be granted on such Offering Date, determine (on a uniform and nondiscriminatory basis or as otherwise permitted by U.S. Treasury Regulation Section 1.423-2 for options granted under the 423 Component) that the definition of Eligible Employee shall or shall not include an individual who (i) has not completed at least two (2) years of service (or a lesser period of time determined by the Administrator); (ii) customarily works twenty (20) hours or less per week (or a lesser period of time as may be determined by the Administrator); (iii) customarily works not more than five (5) months per calendar year (or a lesser period of time as may be determined by the Administrator); (iv) is a highly compensated employee within the meaning of Section 414(q) of the Code; or (v) is a highly compensation employee within the meaning of Section 414(q) of the Code with compensation above a certain level or is an officer or subject to disclosure requirements under Section 16(a) of the Exchange Act. Under the 423 Component, such exclusions shall be applied with respect to an Offering in a manner complying with U.S. Treasury Regulation Section 1.423-2(e)(2)(ii). (e) In the case of the 423 Component, Eligible Employees who are citizens or residents of a non-U.S. jurisdiction (without regard to whether they also are citizens or residents of the United States or resident aliens within the meaning of Section 7701(b)(1)(A) of the Code) may be excluded from participation in the Plan or an Offering if the participation of such Eligible Employees is prohibited under the laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an Offering to violate Section 423 of the Code (or to the extent such exclusion is permitted under Section 423 of the Code). In the case of the Non-423 Component, Eligible Employees may be excluded from participation in the Plan or an Offering if the Administrator has determined that participation of such Eligible Employees is not advisable or practicable. (f) A participant in the Plan shall cease to be an Eligible Employee upon termination of employment (as further described in Section 11 below), upon the entity employing such participant during an Offering Period ceasing to be an Affiliate, or upon the participant transferring to an Affiliate that is not a Participating Subsidiary or Participating Affiliate. View More
Eligibility. (a) Unless otherwise provided in this Section 4 and subject to the requirements of Section 6, any Eligible Employee on a given Offering Date (as defined in Section 5 below) shall be eligible to participate in the Plan. (b) For purposes of this Plan, "Eligible Employee" means any individual who is treated as an employee in the records of the Company or any Participating Subsidiary or Participating Affiliate, in each case regardless of any subsequent reclassification by the Company or by any Parti...cipating Subsidiary or Participating Affiliate, any governmental agency, or any court, and subject to the qualifications set forth in this section. (c) For purposes of this Plan, the employment relationship shall be treated as continuing intact while the individual is on military or sick leave or other bona fide leave of absence approved by the Company or the applicable Participating Subsidiary or Participating Affiliate so long as the leave does not exceed three (3) months or, if longer than three (3) months, the individual's right to reemployment is provided by statute or has been agreed to by contract or in a written policy of the Company or the applicable Participating Subsidiary or Participating Affiliate that which provides for a right of reemployment following the leave of absence. (c) (d) Notwithstanding the foregoing, for all options to be granted on an Offering Date, the definition of Eligible Employee will not include an individual, if (i) the individual who (i) is not employed by the Company or a Participating Subsidiary or Participating Affiliate, as applicable, ten 10 (10) business days before the beginning of such Offering Period; Period (or for such other period permitted by Code Section 423 and determined by the Administrator), and/or (ii) would, immediately after the grant, own Ordinary Shares employee, together with any other person whose stock would be attributed to such employee pursuant to Section 424(d) of the Code, owns stock or holds options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of our capital stock. 4 (d) stock of the Company or any Subsidiary or who, as a result of being granted an option under this Plan with respect to such Offering Period, would own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. (e) The Administrator, in its sole discretion, from time to time, time may, prior to an Offering Date for all options to be granted on such Offering Date, determine (on a uniform and nondiscriminatory basis or as otherwise permitted by U.S. Treasury Regulation Section 1.423-2 for options granted under the 423 Component) that the definition of Eligible Employee shall will or shall will not include an individual who if he or she: (i) has not completed at least two (2) years of service (or a lesser period of time determined by the Administrator); (ii) customarily works twenty (20) hours or less per week (or a such lesser period of time as may be determined by the Administrator); (iii) Administrator in its sole discretion), or (ii) customarily works not more than five (5) months per calendar year (or a such lesser period of time as may be determined by the Administrator); (iv) is a highly compensated employee within the meaning of Section 414(q) of the Code; or (v) is a highly compensation employee within the meaning of Section 414(q) of the Code with compensation above a certain level or is an officer or subject to disclosure requirements under Section 16(a) of the Exchange Act. Administrator in its sole discretion). Under the 423 Component, such exclusions shall be applied with respect to an Offering in a manner complying with U.S. Treasury Regulation Section 1.423-2(e)(2)(ii). (e) (f) In the case of the 423 Component, Eligible Employees who are citizens or residents of a non-U.S. jurisdiction (without regard to whether they also are citizens or residents of the United States or resident aliens within the meaning of Section 7701(b)(1)(A) of the Code) may be excluded from participation in the Plan or an Offering if the participation of such Eligible Employees is prohibited under the laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an Offering to violate Section 423 of the Code (or to the extent such exclusion is permitted under Section 423 of the Code). In the case of the Non-423 Component, Eligible Employees may be excluded from participation in the Plan or an Offering if the Administrator has determined that participation of such Eligible Employees is not advisable or practicable. (f) (g) A participant in the Plan shall cease to be an Eligible Employee upon termination of employment (as further described in Section 11 12 below), upon the entity employing such participant during an Offering Period ceasing to be an Affiliate, or upon the participant transferring to an Affiliate that is not a Participating Subsidiary or Participating Affiliate. View More
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Eligibility. The employees of the Company listed on Exhibit A attached hereto, as the same may be updated from time to time by the Administrator, are eligible ("Eligible Individuals") to receive the benefits described in this Plan. Each Eligible Individual will be further designated on Exhibit A attached hereto as a Level One Participant, Level Two Participant or Level Three Participant for purposes of this Plan.
Eligibility. The employees of the Company listed on Exhibit A attached hereto, as the same may be updated from time to time by the Administrator, Board, are eligible ("Eligible Individuals") to receive the benefits described in this Plan. Each Eligible Individual Individuals will be further designated on Exhibit A attached hereto as a either Level One Participant, Participants or Level Two Participant or Level Three Participant Participants for purposes of this Plan.
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Eligibility. The Options under this Plan may be granted only to persons who are Participants.
Eligibility. The Options under this Plan may be granted only to persons who are Participants. Optionees.
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Eligibility. (a) Eligibility for Stock Awards. Stock Awards may only be granted to persons who are Employees described in Section 1(a) of the Plan, where the Stock Award is an inducement material to the individual's entering into employment with the Company or an Affiliate within the meaning of Rule 5635(c)(4) of the NASDAQ Listing Rules. For clarity, Stock Awards may not be granted to (1) Consultants or Directors, for service in such capacities, or (2) any individual who was previously an Employee or Direct...or, other than following a bona fide period of non-employment. (b) Approval Requirements. All Stock Awards must be granted either by a majority of the Company's independent directors or by the Company's compensation committee comprised of independent directors within the meaning of Rule 5605(a)(2) of the NASDAQ Listing Rules. View More
Eligibility. (a) Eligibility for Stock Awards. Stock Awards Eligibility. Options may only be granted to persons who are Employees described in Section 1(a) of the Plan, where the Stock Award Option is an inducement material to the individual's entering into employment with the Company or an Affiliate within the meaning of Rule 5635(c)(4) of the NASDAQ Listing Rules. For clarity, Stock Awards Options may not be granted to (1) Consultants or Directors, for service in such capacities, or (2) any individual who ...was previously an Employee or Director, Director of the Company, other than following a bona fide period of non-employment. (b) Approval Requirements. All Stock Awards Options must be granted either by a majority of the Company's independent directors or by the Company's compensation committee comprised of independent directors within the meaning of Rule 5605(a)(2) of the NASDAQ Listing Rules. View More
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Eligibility. ISOs may be granted only to Employees. All other Awards may be granted to Employees, Consultants, Directors and Non-Employee Directors; provided such Consultants, Directors and Non-Employee Directors render bona fide services not in connection with the offer and sale of securities in a capital-raising transaction. No Participant will be eligible to receive an Award or Awards for more than One Million (1,000,000) Shares in any calendar year under this Plan except that new Employees of the Company... or of a Parent or Subsidiary are eligible to be granted up to a maximum of an Award or Awards for Two Million (2,000,000) Shares in the calendar year in which they commence their employment. View More
Eligibility. ISOs may be granted only to Employees. All other Awards may be granted to Employees, Consultants, Directors and Non-Employee Directors; provided such Consultants, Directors and Non-Employee Directors render bona fide services not in connection with the offer and sale of securities in a capital-raising transaction. No Participant will be eligible to receive an Award or Awards for more than One Million (1,000,000) Five Hundred Thousand (1,500,000) Shares in any calendar year under this Plan except... that new Employees of the Company or of a Parent Parent, Subsidiary or Subsidiary Affiliate are eligible to be granted up to a maximum of an Award or Awards for Two Three Million (2,000,000) (3,000,000) Shares in the calendar year in which they commence their employment. View More
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Eligibility. (a) Eligible Employees. Eligibility to participate in the Plan shall be limited to those officers and key employees of the Company and its Affiliates who (i) are U.S.-based full-time employees, and (ii) are designated as Eligible Employees by the Plan Committee, in its sole discretion; provided that the Company's Chief Executive Officer may, in his discretion, designate as Eligible Employees such U.S.-based full-time employees as he may determine who are not executive officers subject to the rep...orting requirements of Section 16 of the Exchange Act. When designating Eligible Employees, the Plan Committee shall specify whether each Eligible Employee is eligible to participate in the Plan as a Level I Participant or a Level II Participant. In lieu of expressly designating Eligible Employees for Plan participation, the Plan Committee may establish eligibility criteria providing for the participation, and/or participation level, of one or more Eligible Employees who satisfy such criteria. Any Eligible Employee designated as such by the Company's Chief Executive Officer shall be a Level II Participant. (b) Participation. As a condition to becoming a Participant and being entitled to the benefits and protections provided under the Plan, each Eligible Employee must execute and deliver a Participation Agreement to the Company within the later of (i) forty-five (45) days after the date such individual is designated as an Eligible Employee pursuant to Section 3(a), or (ii) fifteen (15) days after the Eligible Employee first receives the Participation Agreement to be executed. (c) Duration of Participation. An Eligible Employee participating in this Plan shall cease to be a Participant in this Plan if: (i) the Eligible Employee ceases to be employed by the Company or an Affiliate for any reason, unless such Eligible Employee is then entitled to a severance benefit as provided in Section 4 of this Plan; or (ii) the Plan Committee removes the 6 Eligible Employee as a Participant in accordance with Section 16 hereof. Notwithstanding anything herein to the contrary, a Participant who is entitled to a severance benefit as provided in Section 4(b) of this Plan and/or Accrued Benefits or Other Benefits as provided in Section 4(c) of this Plan shall remain a Participant in this Plan until the amounts and benefits payable under this Plan have been paid or provided to the Participant in full. Any severance benefits to be provided to a Participant under this Plan are subject to all of the terms and conditions of the Plan, including Sections 5 and 7 hereof, and the terms and conditions of Sections 5 and 7 hereof shall survive, for the periods set forth therein, the termination of a Participant's employment and participation in this Plan. (d) No Employment Rights. Participation in the Plan does not alter the status of a Participant as an at-will employee, and nothing in the Plan will limit or affect in any manner the right of the Company or an Affiliate to terminate the employment or adjust the compensation of a Participant at any time and for any reason (with or without Cause). View More
Eligibility. (a) Eligible Employees. Eligibility to participate in the Plan shall be limited to those officers and certain key employees executives of the Company and its Affiliates who (i) are U.S.-based full-time employees, not parties to individual employment agreements that provide for severance benefits, and (ii) are designated designated, by a duly adopted resolution of the Committee, as Eligible Employees by the Plan Committee, in its sole discretion; provided that the Company's Chief Executive Office...r may, in his discretion, designate as Eligible Employees such U.S.-based full-time employees as he may determine who are not executive officers subject to the reporting requirements of Section 16 of the Exchange Act. When designating Eligible Employees, the Plan Employees. The Committee shall specify whether each Eligible Employee is eligible limit the class of persons selected to participate in the Plan as to a Level I Participant "select group of management or a Level II Participant. highly compensated employees," within the meaning of Sections 201, 301 and 401 of ERISA. In lieu of expressly designating Eligible Employees for Plan participation, the Plan Committee may establish eligibility criteria (consistent with the provisions of this Section 3(a)) providing for the participation, and/or participation level, of one or more Eligible Employees who satisfy such criteria. Any Eligible Employee designated as such by the Company's Chief Executive Officer shall be a Level II Participant. (b) Participation. As a condition to becoming a Participant and being entitled to the benefits and protections provided under the Plan, each Eligible Employee must execute and deliver a Participation Agreement to the Company within the later of (i) forty-five (45) days after the date such individual is designated as an Eligible Employee pursuant to Section 3(a), or (ii) fifteen (15) days after the Eligible Employee first receives the Participation Agreement to be executed. (c) Duration of Participation. An Eligible Employee participating in this Plan shall cease to be a Participant in this Plan if: (i) the Eligible Employee Participant ceases to be employed by the Company or an Affiliate for any reason, Affiliate, unless such Eligible Employee Participant is then entitled to a severance benefit as provided in Section 4 4(a) or 4(c) of this Plan; or (ii) the Plan Committee removes the 6 Eligible Employee as a Participant under Section 17 of the Plan. Further, participation in accordance with this Plan is subject to the unilateral right of the Committee to terminate or amend the Plan in whole or in part as provided in Section 16 17 hereof. Notwithstanding anything herein to the contrary, a Participant who is entitled to a severance benefit as provided in Section 4(b) of this Plan and/or Accrued Benefits 4(a) or Other Benefits as provided in Section 4(c) of this Plan shall remain a Participant in this Plan until the amounts and benefits payable under this Plan have been paid or provided to the Participant in full. Any severance benefits to be provided to a Participant under this Plan are subject to all of the terms and conditions of the Plan, including Sections 5 5, 7 and 7 hereof, and the terms and conditions of Sections 5 and 7 hereof shall survive, for the periods set forth therein, the termination of a Participant's employment and participation in this Plan. (d) 8(b). 3 (c) No Employment Rights. Participation in the Plan does not alter the status of a Participant as an at-will employee, and nothing in the Plan will limit or affect in any manner the right of the Company or an Affiliate to terminate the employment or adjust the compensation of a Participant at any time and for any reason (with or without Cause). View More
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Eligibility. Awards may be granted only to Directors, Employees and Consultants of the Company or any of its Affiliates; provided, however, that Incentive Stock Options may be granted only to Employees of the Company and its Subsidiaries (within the meaning of Section 424(f) of the Code).
Eligibility. Awards may be granted only to Directors, Employees Employees, Directors and Consultants Contractors of the Company or any of its Affiliates; provided, however, that Incentive Stock Options may be granted only to Employees of the Company and its Subsidiaries (within the meaning of Section 424(f) of the Code).
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Eligibility. Awards may be granted under the Plan only to Eligible Persons.
Eligibility. (a) Awards may be granted under the Plan only to Eligible Persons.
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Eligibility. All Covered Executives who have executed and submitted to the Company a Participation Agreement, and satisfied such other requirements as may be determined by the Administrator, are eligible to participate in the Plan.
Eligibility. All Covered Executives selected by the Administrator who have executed and submitted to the Company a Participation Agreement, and satisfied such other requirements as may be determined by the Administrator, are eligible to participate in the Plan.
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