Equal Rights and Privileges Clause Example from Business Contracts

This example Equal Rights and Privileges clause appears in 2 contracts from 1 company

Equal Rights and Privileges. All eligible employees shall have equal rights and privileges with respect to this Plan except as required by applicable law 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 shall, without further act or amendment by the Company, the Board, or the Committee, be reformed to com...ply with the requirements of Section 423. This Section 20 shall take precedence over all other provisions in this Plan. View More Arrow