Participation Clause Example with 4 Variations from Business Contracts
This page contains Participation 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.
Participation. Participation in the Plan shall be limited to the Participants. Nothing in the Plan or in any Grant Agreement shall confer any right on a Participant to continue in the employ of the Company or any Subsidiary as a director, officer or employee of or in the performance of services for the Company or shall interfere in any way with the right of the Company to terminate the employment or performance of services or to reduce the compensation or responsibilities of a Participant at any time. By accep...ting any Award under the Plan, each Participant and each person claiming under or through him or her shall be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under the Plan by the Company, the Board or the Committee. Awards may be granted to such persons and for such number of Shares as the Committee shall determine, subject to the limitations contained herein (such individuals to whom grants are made being 8 sometimes herein called "optionees" or "grantees," as the case may be). Determinations made by the Committee under the Plan need not be uniform and may be made selectively among eligible individuals under the Plan, whether or not such individuals are similarly situated. A grant of any type made hereunder in any one year to an eligible Participant shall neither guarantee nor preclude a further grant of that or any other type to such Participant in that year or subsequent years.View More
Variations of a "Participation" Clause from Business Contracts
Participation. Participation in the this Plan shall be limited to the Participants. Eligible Persons. Nothing in the this Plan or in any Grant Agreement grant thereunder shall confer any right on a Participant participant to continue in the employ of the Company or any Subsidiary as a director, director or officer or employee of or in the performance of services for the Company or shall interfere in any way with the right of the Company to terminate the employment or performance of services or to reduce the co...mpensation or responsibilities responsibilities, with or without Cause, of a Participant participant at any time. By accepting any Award under the this Plan, each Participant participant and each person claiming under or through him or her shall be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under the this Plan by the Company, the Board or the Committee. Awards Incentive Stock Options, Non-qualified Stock Options, SARs, alone or in tandem with options, restricted stock awards, or any combination thereof may be granted to such persons and for such number of Shares as the Committee shall determine, determine subject to the limitations contained herein terms of this Plan (such individuals to whom grants are made being 8 sometimes herein called "optionees" or "grantees," as the case may be). "grantees"). Determinations made by the Committee under the this Plan need not be uniform and may be made selectively among eligible individuals under the this Plan, whether or not such individuals are similarly situated. A grant of any type made hereunder in any one year to an eligible Participant participant shall neither guarantee nor preclude a further grant of that or any other type to such Participant participant in that year or subsequent years. (1) Reflects a 3-for-2 stock split which was effected on June 7, 2007, and which increased the total available shares from 5,000,000 to 7,500,000 shares pursuant to Section 15 of this Plan. View More
Participation. Participation in the Plan shall be limited to the Participants. Nothing in the Plan or in any Grant Agreement shall confer any right on a Participant to continue in the employ of the Company or any Subsidiary Affiliate as a director, officer or employee of or in the performance of services for the Company therefor or shall interfere in any way with the right of the Company or an Affiliate to terminate the employment or performance of services or to reduce the compensation or responsibilities of ...a Participant at any time. By accepting any Award under the Plan, each Participant and each person claiming under or through him or her shall be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under the Plan by the Company, the Board or the Committee. Awards may be granted to such persons and for such number of Shares as the Committee shall determine, subject to the limitations contained herein (such individuals to whom grants are made being 8 sometimes herein called "optionees" or "grantees," as the case may be). Determinations made by the Committee under the Plan need not be uniform and may be made selectively among eligible individuals under the Plan, whether or not such individuals are similarly situated. A grant of any type made hereunder in any one year to an eligible Participant shall neither guarantee nor preclude a further grant of that or any other type to such Participant in that year or subsequent years. 10 Except for maximum aggregate Awards of 5% of the aggregate Shares authorized by Section 4, and subject to the circumstances described herein under which accelerated vesting may occur, if the vesting condition for any Award (excluding any Award granted to a Non-Employee Director), relates (a) exclusively to the passage of time and continued employment, such time period shall not be less than (i) 36 months, with 33 1/3% of the Award vesting every 12 months with respect to any Full Value Award, and (ii) 1 year with respect to any other Award, and (b) to the attainment of specified Performance Goals, such Award (whether a Full Value Award or otherwise) shall vest over a Performance Cycle of not less than 1 year (the "Minimum Vesting Requirement"). View More
Participation. (a) Participation in the this Plan shall be is limited to those directors (including Non-Employee Directors), officers (including non-employee officers) and employees of, and other individuals performing services for, or to whom an offer of employment has been extended by, the Participants. Company and its Subsidiaries selected by the Committee (including participants located outside the United States). Nothing in the this Plan or in any Grant Agreement shall thereunder will confer any right on ...a Participant participant to continue in the employ of the Company or any Subsidiary as a director, director or officer of, or employee of in any other capacity or in the performance of services for for, the Company or shall will interfere in any way with the right of the Company to terminate the employment or performance of services or to reduce the compensation or responsibilities of a Participant participant at any time. By accepting any Award Grant under the this Plan, each Participant participant and each person claiming under or through him or her shall will be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under the this Plan by the Company, the Board or the Committee. Awards 3 (b) Incentive Stock Options or Non-qualified Stock Options, SARs alone or in tandem with options, restricted stock awards, performance awards or any combination thereof may be granted to such persons and for such number of Shares as the Committee shall determine, subject to the limitations contained herein determine (such individuals to whom grants Grants are made being 8 sometimes herein called "optionees" or "grantees," as the case may be). Determinations made by the Committee under the this Plan need not be uniform and may be made selectively among eligible individuals under the this Plan, whether or not such individuals are similarly situated. A grant Grant of any type made hereunder in any one year to an eligible Participant shall participant will neither guarantee nor preclude a further grant Grant of that or any other type to such Participant participant in that year or subsequent years. View More
Participation. Participation in the this Plan shall be limited to the Participants. Eligible Persons. Nothing in the this Plan or in any Grant Agreement grant thereunder shall confer any right on a Participant participant to continue in the employ of the Company or any Subsidiary as a director, director or officer or employee of or in the performance of services for the Company or shall interfere in any way with the right of the Company to terminate the employment or performance of services or to reduce the co...mpensation or responsibilities responsibilities, with or without Cause, of a Participant participant at any time. By accepting any Award under the this Plan, each Participant participant and each person claiming under or through him or her shall be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under the this Plan by the Company, the Board or the Committee. Awards Incentive Stock Options, Non-qualified Stock Options, SARs, alone or in tandem with options, restricted stock awards, or any combination thereof may be granted to such persons and for such number of Shares as the Committee shall determine, determine subject to the limitations contained herein terms of this Plan (such individuals to whom grants are made being 8 sometimes herein called "optionees" or "grantees," as the case may be). "grantees"). Determinations made by the Committee under the this Plan need not be uniform and may be made selectively among eligible individuals under the this Plan, whether or not such individuals are similarly situated. A grant of any type made hereunder in any one year to an eligible Participant participant shall neither guarantee nor preclude a further grant of that or any other type to such Participant participant in that year or subsequent years. View More
