Equal Rights and Privileges Clause Example with 21 Variations from Business Contracts

This page contains Equal Rights and Privileges 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.
Equal Rights and Privileges. All eligible employees granted an option under the Section 423 Component of this Plan shall have equal rights and privileges with respect to this Plan or within any separate offering under the Plan so that this Plan qualifies as an "employee stock purchase plan" within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Section 423 or any successor provision of the Code, without further act or amendm...ent by the Company, the Committee or the Board, shall be reformed to comply with the requirements of Section 423. This Section 19 shall take precedence over all other provisions in this Plan. View More Arrow

Variations of a "Equal Rights and Privileges" Clause from Business Contracts

Equal Rights and Privileges. All eligible employees granted an option under this Plan that is intended to meet the Code Section 423 Component of this Plan requirements shall have equal rights and privileges with respect to this Plan or within any separate offering under the Plan so that this Plan qualifies as an "employee stock purchase plan" within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Section 423 or any successor... provision of the Code, Code shall, without further act or amendment by the Company, the Committee Company or the Board, shall Committee, be reformed to comply with the requirements of Section 423. This Section 19 shall take precedence over all other provisions in this Plan. View More Arrow