Eligible Employees Contract Clauses (30)

Eligible Employees. (a) Each Eligible Employee who is an employee of the Company or a Designated Non-423 Company, and has completed the necessary enrollment paperwork (including the enrollment form described below) by the applicable deadline, will be granted a Purchase Right on the Offering Date of such Offering. As of the date hereof, for purposes of this Offering Document, the term "Designated Non-423 Company" means the Related Corporations listed on Exhibit A. Additional Related Corporations may be added to the ...definition of Designated Non-423 Company prior to any future Offering, consistent with the terms of the Plan, by the Authorized Officer. (b) Each person who first becomes an Eligible Employee during an Offering will not be granted a Purchase Right under such Offering, but will be eligible to participate in subsequent Offerings. (c) Notwithstanding the foregoing, the following Employees will not be Eligible Employees or be granted Purchase Rights under an Offering: (i) Employees who have been employed for less than one month prior to the Offering Date; (ii) Employees whose customary employment is 20 hours per week or less; (iii) Employees who individually own securities representing five percent or more of the total combined voting power or value of all classes of shares of the Company or of any Related Corporation (including ownership through unexercised and/or unvested Purchase Rights and options) as described in Section 5(b) of the Plan; or (iv) Employees residing or working in certain jurisdictions outside of the United States if, as of the Offering Date of the Offering, the grant of such Purchase Rights under this Offering document would not be in compliance with or would not be feasible given the applicable laws, regulations or requirements of any jurisdiction in which the Employee resides or is employed, as determined in the sole discretion of the Authorized Officer. View More