Participation Withdrawal Termination. (a) An Eligible Employee may elect to participate in an Offering and authorize payroll deductions as the means of making Contributions by completing and delivering to the Company, within the time specified in the Offering, an enrollment form provided by the Company. The enrollment form will specify the amount of Contributions not to exceed the maximum amount specified by the Board. Each Participant's Contributions will be credited to a bookkeeping account for such Participant under the Plan and
...will be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted in the Offering, a Participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase his or her Contributions. If specifically provided in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through the payment by cash or check prior to a Purchase Date. (b) During an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company a withdrawal form provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Upon such withdrawal, such Participant's Purchase Right in that Offering will immediately terminate and the Company will distribute as soon as practicable to such Participant all of his or her accumulated but unused Contributions and such Participant's Purchase Right in that Offering shall thereupon terminate. A Participant's withdrawal from that Offering will have no effect upon his or her eligibility to participate in any other Offerings under the Plan, but such Participant will be required to deliver a new enrollment form to participate in subsequent Offerings. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will terminate immediately if the Participant either (i) is no longer an Employee for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The Company will distribute to such individual as soon as practicable all of his or her accumulated but unused Contributions. (d) During a Participant's lifetime, Purchase Rights will be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation as described in Section 10. (e) Unless otherwise specified in the Offering or required by applicable law, the Company will have no obligation to pay interest on Contributions.
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Participation Withdrawal Termination. (a) An
Eligible Employee eligible employee may
elect become a participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time specified in the Offering,
an enrollment in such form
provided by as the
Company. The enrollment form will specify the amount Company provides. Each such agreement shall authorize payroll deductions of
Contribu...tions not up to exceed the maximum amount percentage (in whole percentages only) specified by the Board. Each Participant's Contributions will Board or the Committee of such employee's Earnings during the Offering. "Earnings" are defined as an employee's wages (including amounts thereof elected to be deferred by the employee, that would otherwise have been paid, under any arrangement established by the Company that is intended to comply with Section 125, Section 132(f)(4), Section 401(k), Section 402(h) or Section 403(b) of the Code or that provides non-qualified deferred compensation), which shall include overtime pay, incentive pay, and commissions, but shall exclude bonuses, profit sharing or other remuneration paid directly to the employee, the cost of employee benefits paid for by the Company or an Affiliate, education or tuition reimbursements, imputed income arising under any group insurance or benefit program, traveling expenses, business and moving expense reimbursements, income received in connection with stock options, contributions made by the Company or an Affiliate under any employee benefit plan, and similar items of compensation, as determined by the Board or the Committee. The payroll deductions made for each participant shall be credited to a bookkeeping account for such Participant participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted in the Offering, a Participant Company. A participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase such payroll deductions, and an eligible employee may begin such payroll deductions, after the beginning of any Offering only as provided for in the Offering. A participant may make additional payments into his or her Contributions. If account only if specifically provided for in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through Offering and only if the payment by cash or check prior to a Purchase Date. participant has not had the maximum amount withheld during the Offering. (b) During At any time during an Offering, a Participant participant may cease making Contributions terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Board or the Committee in the Offering. Upon such withdrawal, such Participant's Purchase Right in that -5- withdrawal from the Offering will immediately terminate and by a participant, the Company will shall distribute as soon as practicable to such Participant participant all of his or her accumulated but unused Contributions payroll deductions (reduced to the extent, if any, such deductions have been used to acquire Common Stock for the participant) under the Offering, without interest, and such Participant's Purchase Right participant's interest in that Offering shall thereupon terminate. be automatically terminated. A Participant's participant's withdrawal from that an Offering will have no effect upon his or her such participant's eligibility to participate in any other Offerings under the Plan, Plan but such Participant participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. Offerings under the Plan. (c) Unless otherwise required by applicable law, Purchase Option Rights granted pursuant to any Offering under the Plan will shall terminate immediately if upon cessation of any participating employee's employment with the Participant either (i) is no longer an Employee Company and any designated Affiliate, for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The (including death), and the Company will shall distribute to such individual as soon as practicable terminated employee all of his or her accumulated but unused Contributions. payroll deductions (reduced to the extent, if any, such deductions have been used to acquire Common Stock for the terminated employee), under the Offering, without interest. (d) During a Participant's lifetime, Purchase Option Rights will shall not be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except participant other than by will, by will or the laws of descent and distribution, or, if permitted by the Company, or by a beneficiary designation as described provided in Section 10. paragraph 14 and, during his or her lifetime, shall be exercisable only by the person to whom such Option Rights are granted. (e) Unless otherwise specified in the Offering or required by applicable law, the The Company will have no obligation to pay interest on Contributions. shall not credit participants' accounts hereunder with interest.
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Participation Withdrawal Termination. (a) An
Eligible Employee eligible employee may
elect become a participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time specified in the Offering,
an enrollment in such form
provided by as the
Company. The enrollment form will specify the amount Company provides. Each such agreement shall authorize payroll deductions of
Contribu...tions not up to exceed the maximum amount percentage specified by the Board. Each Participant's Contributions will Board or the Committee of such employee's Earnings during the Offering. "Earnings" is defined as the total compensation paid to an employee including all salary, wages (including amounts thereof elected to be deferred by the employee, that would otherwise have been paid, under any arrangement established by the Company that is intended to comply with Section 125, Section 40l(k), Section 402(h) or Section 403(b) of the Code or that provides non-qualified deferred compensation), which shall include overtime pay, commissions, bonuses and other remuneration paid directly to the employee, but shall exclude profit sharing, the cost of employee benefits paid for by the Company or an Affiliate, education or tuition reimbursements, imputed income arising under any group insurance or benefit program, traveling expenses, business and moving expense reimbursements, income received in connection with stock awards, contributions made by the Company or an Affiliate under any employee benefit plan, and similar items of compensation, as determined by the Board or the Committee. The payroll deductions made for each participant shall be credited to a bookkeeping an account for such Participant participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted in the Offering, a Participant Company. A participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase such payroll deductions, and an eligible employee may begin such payroll deductions, after the beginning of any Offering only as provided for in the Offering. A participant may make additional payments into his or her Contributions. If account only if specifically provided for in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through Offering and only if the payment by cash or check prior to a Purchase Date. participant has not had the maximum permitted amount withheld during the Offering. (b) During At any time during an Offering, a Participant participant may cease making Contributions terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Board or the Committee in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a participant, the Company will shall distribute as soon as practicable to such Participant participant all of his or her accumulated but unused Contributions payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest, and such Participant's Purchase Right participant's interest in that Offering shall thereupon terminate. be automatically terminated. A Participant's participant's withdrawal from that an Offering will have no effect upon his such participant's eligibility to re-enroll in the Offering or her eligibility to participate in any other Offerings under the Plan, Plan but such Participant participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. Offerings under the Plan. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if upon cessation of any participating employee's employment with the Participant either (i) is no longer an Employee Company and any designated Affiliate, for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The reason, and the Company will shall distribute to such individual as soon as practicable terminated employee all of his or her accumulated but unused Contributions. (d) During a Participant's lifetime, Purchase Rights will be exercisable only by payroll deductions (reduced to the extent, if any, such Participant. Purchase Rights are not transferable by a Participant, except by will, by deductions have been used to acquire stock for the laws of descent and distribution, or, if permitted by terminated employee), under the Company, by a beneficiary designation as described in Section 10. (e) Unless otherwise specified in the Offering or required by applicable law, the Company will have no obligation to pay interest on Contributions. Offering, without interest.
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Participation Withdrawal Termination. (a) An
Eligible Employee eligible employee may
elect become a participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time specified in the Offering,
an enrollment in such form
provided by as the
Company. The enrollment form will specify the amount Company provides. Each such agreement shall authorize payroll deductions of
Contribu...tions not up to exceed the maximum amount percentage specified by the Board. Each Participant's Contributions will Board or the Committee of such employee's Earnings during the Offering. "Earnings" is defined as an employee's regular salary or wages (including amounts thereof elected to be deferred by the employee, that would otherwise have been paid, under any arrangement established by the Company intended to comply with Section 401(k), Section 402(e)(3), Section 125, Section 402(h), or Section 403(b) of the Code, and also including any deferrals under a non-qualified deferred compensation plan or arrangement established by the Company), which shall include or exclude (as provided for each Offering) the following items of compensation: bonuses, commissions, overtime pay, incentive pay, profit sharing, other remuneration paid directly to the employee, the cost of employee benefits paid for by the Company or an Affiliate, education or tuition reimbursements, imputed income arising under any group insurance or benefit program, traveling expenses, business and moving expense reimbursements, income received in connection with stock options, contributions made by the Company or an Affiliate under any employee benefit plan, and similar items of compensation, as determined by the Board or Committee. The payroll deductions made for each participant shall be credited to a bookkeeping an account for such Participant participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted in the Offering, a Participant Company. A participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase such payroll deductions, and an eligible employee may begin such payroll deductions, after the beginning of any Offering only as provided for in the Offering. A participant may make additional payments into his or her Contributions. If account only if specifically provided for in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through Offering and only if the payment by cash or check prior to a Purchase Date. participant has not had the maximum amount withheld during the Offering. (b) During At any time during an Offering, a Participant participant may cease making Contributions terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Board or the Committee in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a participant, the Company will shall distribute as soon as practicable to such Participant participant all of his or her accumulated but unused Contributions payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest, and such Participant's Purchase Right participant's interest in that Offering shall thereupon terminate. be automatically terminated. A Participant's participant's withdrawal from that an Offering will have no effect upon his or her such participant's eligibility to participate in any other Offerings under the Plan, Plan but such Participant participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. Offerings under the Plan. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if upon cessation of any participating employee's employment with the Participant either (i) is no longer an Employee Company and any designated Affiliate, for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The reason, and the Company will shall distribute to such individual as soon as practicable terminated employee all of his or her accumulated but unused Contributions. payroll deductions (reduced to the extent, if any, such 5 deductions have been used to acquire stock for the terminated employee), under the Offering, without interest. (d) During a Participant's lifetime, Purchase Rights will granted under the Plan shall not be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except participant otherwise than by will, by will or the laws of descent and distribution, or, if permitted by the Company, or by a beneficiary designation as described provided in Section 10. (e) Unless paragraph 14 and, otherwise specified in during his or her lifetime, shall be exercisable only by the Offering or required by applicable law, the Company will have no obligation person to pay interest on Contributions. whom such rights are granted.
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Participation Withdrawal Termination. (a) An
Eligible Employee eligible employee may
elect become a participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time specified in the Offering,
an enrollment in such form
provided by as the
Company. The enrollment form will specify the amount Company provides. Each such agreement shall authorize payroll deductions of
Contribu...tions not up to exceed the maximum amount percentage (in whole percentages only) specified by the Board. Each Participant's Contributions will Board or the Committee of such employee's Earnings during the Offering. "Earnings" are defined as an employee's wages (including amounts thereof elected to be deferred by the employee, that would otherwise have been paid, under any arrangement established by the Company that is intended to comply with Section 125, Section 132(f)(4), Section 401(k), Section 402(h) or Section 403(b) of the Code or that provides non-qualified deferred compensation), which shall include overtime pay, incentive pay, and commissions, but shall exclude bonuses, profit sharing or other remuneration paid directly to the employee, the cost of employee benefits paid for by the Company or an Affiliate, education or tuition reimbursements, imputed income arising under any group insurance or benefit program, traveling expenses, business and moving expense reimbursements, income received in connection with stock options, contributions made by the Company or an Affiliate under any employee benefit plan, and similar items of compensation, as determined by the Board or the Committee. The payroll deductions made for each participant shall be credited to a bookkeeping an account for such Participant participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited a deposit with a third party. If permitted in the Offering, a Participant may begin such Contributions deductions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions such deductions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant participant may thereafter reduce (including to zero) or increase such payroll deductions. A participant may make additional payments into his or her Contributions. If account only if specifically provided for in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through Offering and only if the payment by cash or check prior to a Purchase Date. participant has not had the maximum amount withheld during the Offering. (b) During At any time during an Offering, a Participant participant may cease making Contributions terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Company. The Company may impose a Board or the Committee in the Offering with respect to any deadline for withdrawing before a Purchase Date for withdrawing. Date. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a participant, the Company will shall distribute as soon as practicable to such Participant participant all of his or her accumulated but unused Contributions payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest, and such Participant's Purchase Right participant's interest in that Offering shall thereupon terminate. be automatically terminated. A Participant's participant's withdrawal from that an Offering will have no effect upon his or her such participant's eligibility to participate in any other Offerings under the Plan, Plan but such Participant participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. Offerings under the Plan. -5- (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if upon cessation of any participating employee's employment with the Participant either (i) is no longer an Employee Company and any designated Affiliate, for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The reason, and the Company will shall distribute to such individual as soon as practicable terminated employee all of his or her accumulated but unused Contributions. payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the terminated employee), under the Offering, without interest. (d) During a Participant's lifetime, Purchase Rights will granted under the Plan shall not be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except participant otherwise than by will, by will or the laws of descent and distribution, or, if permitted by the Company, or by a beneficiary designation as described provided in Section 10. (e) Unless paragraph 14 and, otherwise specified in during his or her lifetime, shall be exercisable only by the Offering or required by applicable law, the Company will have no obligation person to pay interest on Contributions. whom such Purchase Rights are granted.
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Participation Withdrawal Termination. (a) An
Eligible Employee eligible employee may
elect become a participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time specified in the Offering,
an enrollment in such form
provided by as the
Company. The enrollment form will specify the amount Company provides. Each such agreement shall authorize payroll deductions of
Contribu...tions not up to exceed the maximum amount percentage specified by the Board. Each Participant's Contributions will Board or the Committee of such employee's Earnings during the Offering (as defined by the Board or Committee in each Offering). The payroll deductions made for each participant shall be credited to a bookkeeping an account for such Participant participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted in the Offering, a Participant Company. A participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase such payroll deductions, and an eligible employee may begin such payroll deductions, after the beginning of any Offering only as provided for in the Offering. A participant may make additional payments into his or her Contributions. If account only if specifically provided for in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through Offering and only if the payment by cash or check prior to a Purchase Date. participant has not had the maximum amount withheld during the Offering. (b) During At any time during an Offering, a Participant participant may cease making Contributions terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Board or the Committee in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a participant, the Company will shall distribute as soon as practicable to such Participant participant all of his or her accumulated but unused Contributions payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest, and such Participant's Purchase Right participant's interest in that Offering shall thereupon terminate. be automatically terminated. A Participant's participant's withdrawal from that an Offering will have no effect upon his or her such participant's eligibility to participate in any other Offerings under the Plan, Plan but such Participant participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. Offerings under the Plan. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if upon cessation of any participating employee's employment with the Participant either (i) is no longer an Employee Company and any designated Affiliate, for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The reason, and the Company will shall distribute to such individual as soon as practicable terminated employee all of his or her accumulated but unused Contributions. payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the terminated employee) under the Offering, without interest. (d) During a Participant's lifetime, Purchase Rights will granted under the Plan shall not be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except participant otherwise than by will, by will or the laws of descent and distribution, or, if permitted by the Company, or by a beneficiary designation as described provided in Section 10. (e) Unless paragraph 14 and, otherwise specified in during his or her lifetime, shall be exercisable only by the Offering or required by applicable law, the Company will have no obligation person to pay interest on Contributions. whom such rights are granted.
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Participation Withdrawal Termination. (a) An
Eligible Employee eligible employee may
elect become a participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time specified in the Offering,
an enrollment in such form
provided by as the
Company. The enrollment form will specify the amount Company provides. Each such agreement shall authorize payroll deductions of
Contribu...tions not up to exceed the maximum amount percentage specified by the Board. Each Participant's Contributions will Board or the Committee of such employee's Earnings (as defined by the Board for each Offering) during the Offering. The payroll deductions made for each participant shall be credited to a bookkeeping an account for such Participant participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted in the Offering, a Participant Company. A participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase such payroll deductions, and an eligible employee may begin such payroll deductions, after the beginning of any Offering only as provided for in the Offering. A participant may make additional payments into his or her Contributions. If account only if specifically provided for in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through Offering and only if the payment by cash or check prior to a Purchase Date. participant has not had the maximum amount withheld during the Offering. (b) During At any time during an Offering, a Participant participant may cease making Contributions terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Board or the Committee in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a participant, the Company will shall distribute as soon as practicable to such Participant participant all of his or her accumulated but unused Contributions payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest, and such Participant's Purchase Right in participant's right to acquire Common Stock under that Offering shall thereupon terminate. be automatically terminated. A Participant's participant's withdrawal from that an Offering will have no effect upon his or her such participant's eligibility to participate in any other Offerings under the Plan, Plan but such Participant participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. Offerings under the Plan. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if upon cessation of a participant's employment with the Participant either (i) is no longer an Employee Company and any designated Affiliate, for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The reason, and the Company will shall distribute to such individual as soon as practicable terminated employee all of his or her accumulated but unused Contributions. payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the terminated employee), under the Offering, without interest. (d) During a Participant's lifetime, Purchase Rights will granted under the Plan shall not be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except participant other than by will, by will or the laws of descent and distribution, or, if permitted by the Company, or by a beneficiary designation as described provided in Section 10. (e) Unless otherwise specified in the Offering or required paragraph 14, and during a participant's lifetime, shall be exercisable only by applicable law, the Company will have no obligation to pay interest on Contributions. such participant.
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Participation Withdrawal Termination.
(a) An (a)An Eligible Employee may
elect become a Participant in the Plan pursuant to
participate in an Offering
and authorize payroll deductions as the means of making Contributions by
completing and delivering
a participation agreement to the
Company, Company within the time
specified and in such form as the Company provides. Each such agreement shall authorize Contributions in the
Offering, an enrollment form
provided by the Company. The enrollment form will specify the amount of
Contribution...s not payroll deductions of up to exceed the maximum amount percentage specified by the Board. Each Participant's Board of such Employee's Earnings during the Offering (as defined in each Offering). Contributions will made for each Participant shall be credited to a bookkeeping account for such Participant under the Plan and will either may be deposited with the general funds of the Company except where applicable law requires that Contributions or may be deposited in a separate account in the name of, and for the benefit of, such Participant with a third party. If permitted financial institution designated by the Company. To the extent provided in the Offering, a Participant may begin reduce (including to zero) or increase such Contributions with Contributions. To the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted extent provided in the Offering, a Participant may thereafter reduce (including to zero) or increase (i) begin such Contributions after the beginning of the Offering, (ii) make payments into his or her Contributions. If specifically account by means other than payroll deductions (e.g. cash, check, etc. ), and (iii) make additional payments into his or her account, provided in that such Participant has not already contributed the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through maximum dollar amount allowable for the payment by cash or check prior to a Purchase Date. (b) During Offering. (b)At any time during an Offering, a Participant may cease making terminate his or her Contributions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering, except as provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Board in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a Participant, the Company will shall distribute as soon as practicable to such Participant all of his or her accumulated but unused Contributions credited to such Participant's account (reduced to the extent, if any, such Contributions have been used to acquire Shares for the Participant) under the Offering, without interest (unless otherwise specified in the Offering), and such Participant's Purchase Right interest in that Offering shall thereupon terminate. be automatically terminated. A Participant's withdrawal from that an Offering will have no effect upon his or her such Participant's eligibility to participate in any other Offerings under the Plan, but such Participant will be required to deliver a new enrollment form participation agreement in order to participate in subsequent Offerings. (c) Unless otherwise required by applicable law, Purchase Rights Offerings under the Plan. (c)Rights granted to a Participant pursuant to any Offering under the Plan will shall terminate immediately upon cessation of such Participant's employment with the Company or a Designated Company for any reason. In the event of such termination, the Company shall distribute to such terminated Participant all accumulated Contributions credited to such terminated Participant's account (reduced to the extent, if any, such Contributions have been used to acquire Shares for the terminated Participant) under the Offering, without interest (unless otherwise specified in the Offering). If the accumulated Contributions have been deposited with the Company's general funds, then the distribution shall be made from the general funds of the Company, without interest (unless otherwise specified in the Offering). If the accumulated Contributions have been deposited in a separate account with a financial institution as provided in subsection 8(a), then the distribution shall be made from the separate account, without interest (unless otherwise specified in the Offering). 6 (d)If a Participant transfers employment with the Company to any Designated Company or visa-versa, or if a Participant transfers employment with one Designated Company to another Designated Company, the Participant shall continue to participate in the Offering in which he or she was enrolled for the duration of the current Offering Period (except as set forth herein or unless otherwise determined by the Company in its sole discretion), but upon commencement of a new Offering Period, the Participant shall automatically be deemed to be enrolled in the new Offering applicable to the Company or Designated Company to which the Participant transferred employment. A Participant transferring employment from the Company or any Designated Company participating in the 423 Component to a Designated Company participating in the Non-423 Component shall remain in the 423 Component Offering until the next Offering Period, provided he or she continues to be eligible to purchase shares under Code section 423 requirements and if the Participant either (i) is no longer an Employee for any reason not eligible under the Code section 423 requirements, he or for no reason (subject she shall immediately transfer to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The Company will distribute to such individual as soon as practicable all of his or her accumulated but unused Contributions. (d) During the Non-423 Component and may purchase Shares under that Offering. (e)During a Participant's lifetime, Purchase Rights will be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation as described in Section 10. (e) Unless otherwise specified in the Offering or required by applicable law, the Company will have no obligation to pay interest on Contributions. 15.
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Participation Withdrawal Termination. (a)
An Eligible Employee A Participant may elect to
participate in an Offering and authorize payroll deductions
as pursuant to an Offering under the
means of making Contributions Plan by completing and delivering to the Company, within the time specified in the Offering, an enrollment form
provided by (in such form as the
Company. The Company may provide). Each such enrollment form
will specify the shall authorize an amount of Contributions
not expressed as a percentage of the submitting Partici...pant's Earnings (as defined in each Offering) during the Offering (not to exceed the maximum amount percentage specified by the Board. Board). Each Participant's Contributions will shall be credited to a bookkeeping account for such Participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted To the extent provided in the Offering, a Participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end beginning of the prior Offering but before Offering. To the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted extent provided in the Offering, a Participant may thereafter reduce (including to zero) or increase his or her Contributions. If specifically provided in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through the payment by cash or check prior to a Purchase Date. (b) During an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form provided by as the Company. The Company may impose a deadline before a Purchase Date for withdrawing. provide. Such withdrawal may be elected at any time prior to the end of the Offering, except as provided otherwise in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a Participant, the Company will shall distribute as soon as practicable to such Participant all of his or her accumulated but unused Contributions (reduced to the extent, if any, such deductions have been used to acquire shares of Common Stock for the Participant) under the Offering, and such Participant's Purchase Right in that Offering shall thereupon terminate. A Participant's withdrawal from that an Offering will shall have no effect upon his or her such Participant's eligibility to participate in any other Offerings under the Plan, but such Participant will shall be required to deliver a new enrollment form in order to participate in subsequent Offerings. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if the upon a Participant either (i) is no longer ceasing to be an Employee for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. other lack of eligibility. The Company will shall distribute to such individual as soon as practicable terminated or otherwise ineligible Employee all of his or her accumulated but unused Contributions. Contributions (reduced to the extent, if any, such deductions have been used to acquire shares of Common Stock for the terminated or otherwise ineligible Employee) under the Offering. (d) During Purchase Rights shall not be transferable by a Participant otherwise than by will or the laws of descent and distribution, or by a beneficiary designation as provided in Section 13 and, during a Participant's lifetime, Purchase Rights will shall be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation as described in Section 10. (e) Unless otherwise specified in the Offering or required by applicable law, an Offering, the Company will shall have no obligation to pay interest on Contributions.
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Participation Withdrawal Termination. (a) An Eligible Employee may elect to
participate in an Offering and authorize payroll deductions
as pursuant to an Offering under the
means of making Contributions Plan by completing and delivering to the Company, within the time specified in the Offering, an enrollment form
provided by (in such form as the
Company. The Company may provide). Each such enrollment form
will specify the shall authorize an amount of Contributions
not expressed as a percentage of the submitting Participant's earning...s (as defined in each Offering) during the Offering (not to exceed the maximum amount percentage specified by the Board. Board). Each Participant's Contributions will shall be credited to a bookkeeping account for such Participant under the Plan and will shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted To the extent provided in the Offering, a Participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end beginning of the prior Offering but before Offering. To the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted extent provided in the Offering, a Participant may thereafter reduce (including to zero) or increase his or her Contributions. If To the extent required under applicable law or if specifically provided in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through the payment by cash or check prior to a each Purchase Date. Date of the Offering. (b) During an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form provided by as the Company. The Company may impose a deadline before a Purchase Date for withdrawing. provide. Such withdrawal may be elected at any time prior to the end of the Offering, except as provided otherwise in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a Participant, the Company will shall distribute as soon as practicable to such Participant all of his or her accumulated but unused Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for the Participant) under the Offering, and such Participant's Purchase Right in that Offering shall thereupon terminate. A Participant's withdrawal from that an Offering will shall have no effect upon his or her such Participant's eligibility to participate in any other Offerings under the Plan, but such Participant will shall be required to deliver a new enrollment form in order to participate in subsequent Offerings. 6 (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will shall terminate immediately if the upon a Participant either (i) is no longer ceasing to be an Employee for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. other lack of eligibility. The Company will shall distribute to such individual as soon as practicable terminated or otherwise ineligible Employee all of his or her accumulated but unused Contributions. Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for the terminated or otherwise ineligible Employee) under the Offering. (d) Purchase Rights shall not be transferable by a Participant except by will, the laws of descent and distribution, or by a beneficiary designation as provided in Section 10. During a Participant's lifetime, Purchase Rights will shall be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation as described in Section 10. (e) Unless otherwise specified in the Offering or required by applicable law, an Offering, the Company will shall have no obligation to pay interest on Contributions. Contributions, unless otherwise required by applicable law.
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Participation Withdrawal Termination. (a)
An Eligible Employee A Participant may elect to
participate in an Offering and authorize payroll deductions
as pursuant to an Offering under the
means of making Contributions Plan by completing and delivering to the Company, within the time specified in the Offering, an enrollment form
provided by (in such form as the
Company. The Company may provide). Each such enrollment form will
specify the authorize an amount of Contributions
not expressed as a percentage of the submitting Participant's... earnings (as defined in each Offering) during the Offering (not to exceed the maximum amount percentage specified by the Board. Board). Each Participant's Contributions will be credited to a bookkeeping account for such Participant under the Plan and will be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a third party. If permitted To the extent provided in the Offering, a Participant may begin such Contributions with the first practicable payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end beginning of the prior Offering but before Offering. To the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted extent provided in the Offering, a Participant may thereafter reduce (including to zero) or increase his or her Contributions. If To the extent specifically provided in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through the payment by cash or check prior to a each Purchase Date. Date of the Offering. (b) During an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form provided by as the Company. The Company may impose a deadline before a Purchase Date for withdrawing. provide. Such withdrawal may be elected at any time prior to the end of the Offering, except as provided otherwise in the Offering. Upon such withdrawal, such Participant's Purchase Right in that withdrawal from the Offering will immediately terminate and by a Participant, the Company will distribute as soon as practicable to such Participant all of his or her accumulated but unused Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Stock for the Participant) under the Offering, and such Participant's Purchase Right in that Offering shall will thereupon terminate. A Participant's withdrawal from that an Offering will have no effect upon his or her such Participant's eligibility to participate in any other Offerings under the Plan, but such Participant will be required to deliver a new enrollment form in order to participate in subsequent Offerings. (c) Unless otherwise required by applicable law, Purchase Rights granted pursuant to any Offering under the Plan will terminate immediately if the upon a Participant either (i) is no longer ceasing to be an Employee for any reason or for no reason (subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. other lack of eligibility. The Company will distribute to such individual as soon as practicable terminated or otherwise ineligible Employee all of his or her accumulated but unused Contributions. Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Stock for the terminated or otherwise ineligible Employee) under the Offering. (d) Purchase Rights will not be transferable by a Participant except by will, the laws of descent and distribution, or by a beneficiary designation as provided in Section 10. During a Participant's lifetime, Purchase Rights will be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation as described in Section 10. 4 (e) Unless otherwise specified in the Offering or required by applicable law, an Offering, the Company will have no obligation to pay interest on Contributions.
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