Participation Clause Example with 7 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. 6.1 Enrollment and Payroll Deductions. An Eligible Employee may elect to participate in the Plan by completing an Enrollment Form and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation in the Plan is entirely voluntary. By submitting an Enrollment Form, an Eligible Employee authorizes payroll deductions from his or her pay check in an amount equal to at least 1%, but not more than 10%, of his or her Compensation on each pay day ...occurring during an Offering Period (or such other maximum percentage as the Committee may establish from time to time before an Offering Period begins). Payroll deductions shall commence on the first payroll date following the Offering Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the Plan. 6.2 Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions applicable to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the Purchase Date. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start of the next Offering Period. 6.3 Automatic Re-enrollment. The deduction rate selected by a Participant in an Enrollment Form shall remain in effect for subsequent Offering Periods, unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) withdraws from the Plan in accordance with Section 10, or (iii) terminates employment or otherwise becomes ineligible to participate in the Plan.View More
Variations of a "Participation" Clause from Business Contracts
Participation. 6.1 Enrollment and Payroll Deductions. (a) Enrollment. An Eligible Employee may elect to participate in the Plan by properly completing an Enrollment Form Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Administrator. Participation in the Plan is entirely voluntary. By submitting an Enrollment Form, an Eligible Employee authorizes payroll deductions from his or her pay check in an amount equal to at least... 1%, but not more than 10%, of his or her Compensation on each pay day occurring during an Offering Period (or such other maximum percentage as the Committee may establish from time to time before an Offering Period begins). Payroll deductions shall commence on the first payroll date following the Offering Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the Plan. 6.2 (b) Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions applicable to such Offering Period only once. To make such a an election change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the Purchase Exercise Date. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start of the next Offering Period. 6.3 (c) Automatic Re-enrollment. The Each Participant will specify in the Enrollment Form whether (i) to re-enroll in subsequent Offering Periods on a rolling basis, whereby the deduction rate selected by a Participant in an the Enrollment Form shall remain in effect for subsequent Offering Periods, Periods unless the Participant (i) (A) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) 4(b), (B) withdraws from the Plan in accordance with Section 10, 9, or (iii) (C) terminates his or her employment or otherwise becomes ineligible to participate in the Plan. Plan; or (ii) such election will apply only with respect to the relevant Offering Period such that the Participant must make an affirmative election to participate in the Plan and must complete a new Enrollment Form for each Offering Period, as elections will not carryover from one Offering Period to the next. View More
Participation. 6.1 Enrollment and (a) Enrollment; Payroll Deductions. An Eligible Employee may elect to participate in an Offering Period under the Plan by properly completing an Enrollment Form and submitting it to the Company, Company prior to the commencement of the Offering Period, at such time as may be specified and in accordance with the enrollment procedures established by the Committee. Participation in the Plan is entirely voluntary. By submitting an Enrollment Form, an the Eligible Employee authoriz...es payroll deductions from his or her pay check in an amount equal to at least 1%, but not more than 10%, of his or her Compensation on each pay day payroll date occurring during an the applicable Offering Period (or in the whole percentage of Compensation for such other maximum percentage payroll period as he or she elects (but not to exceed ten percent (10%), unless otherwise determined by the Committee may establish from time prior to time before an the applicable Offering Period begins). Period). Payroll deductions shall will commence on the first payroll date following the Offering Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all will credit each Participant's payroll deductions during an Offering Period to a notional account, but shall will have no obligation to pay interest on payroll deductions or to hold such those amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the Plan. 6.2 Election Changes. During an Offering Period, payroll deduction authorizations may not be increased or decreased, except that a Participant may decrease or increase terminate his or her rate of payroll deductions applicable to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the Purchase Date. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start in accordance with Section 10(a) of the next Offering Period. 6.3 Plan. (b) Automatic Re-enrollment. The payroll deduction rate selected by a Participant in an the Enrollment Form shall will remain in effect for subsequent Offering Periods, Periods unless the Participant (i) (a) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) 6(a), (b) withdraws (or is deemed to withdraw) from the Plan in accordance with Section 10, 10 or (iii) (c) terminates employment or otherwise becomes ineligible to participate in the Plan. Plan or an Offering. View More
Participation. 6.1 Enrollment and Payroll Deductions. An Eligible Employee may elect to participate in the this Plan by properly completing an Enrollment Form Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation in the this Plan is entirely voluntary. By submitting an Enrollment Form, an the Eligible Employee authorizes payroll deductions from his or her pay check paycheck in an amount equal to at least 1%, one... percent (1%), but not more than 10%, of his or her Compensation on each pay day occurring during an Offering Period ten percent (10%) (or such other maximum percentage as the Committee may establish from time to time before an Offering Period begins). begins), of his or her Compensation on each pay day occurring during an Offering Period. Payroll deductions shall commence on the first payroll date following after the Offering Grant Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the this Plan. 6.2 Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions applicable to such Offering Period only once. one (1) time. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the Purchase Date. Date, with any permitted change to take effect as soon as administratively practicable. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start of the next Offering Period. 6.3 Automatic Re-enrollment. The deduction rate selected by a Participant in an the Enrollment Form shall remain in effect for subsequent Offering Periods, Periods unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, 6.2 (Election Changes), (ii) withdraws from the this Plan in accordance with Section 10, or (iii) terminates employment or otherwise becomes ineligible to participate in this Plan. The Participant's accumulated payroll deductions shall be used to purchase the maximum number of whole shares that can be purchased with the amounts in the Participant's notional account, subject to the limitations set forth in this Plan. No fractional shares may be purchased but notional fractional shares of Common Stock shall be allocated to the Participant's ESPP Share Account to be aggregated with other notional fractional shares of Common Stock on future Purchase Dates, subject to earlier withdrawal by the Participant in accordance with Section 10 or termination of employment in accordance with Section 11. Any accumulated payroll deductions that remain in a Participant's notional account after applying the limitations of Section 4.2 (Eligibility Restrictions) and Section 7 shall be returned to the Participant as soon as administratively practicable. The Committee may permit or require that the shares be deposited directly into an ESPP Share Account established in the name of the Participant with a Designated Broker and may require that the shares of Common Stock be retained with such Designated Broker for a specified period of time. Participants shall not have any voting, dividend, or other rights of a stockholder with respect to the shares of Common Stock subject to any option granted hereunder until such shares have been delivered pursuant to this Section 9. View More
Participation. 6.1 Enrollment and Payroll Deductions. An Eligible Employee may elect to participate in the this Plan by properly completing an Enrollment Form Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation in the this Plan is entirely voluntary. By submitting an Enrollment Form, an the Eligible Employee authorizes payroll deductions from his or her pay check paycheck in an amount equal to at least 1%, one... percent (1%), but not more than 10%, of his or her Compensation on each pay day occurring during an Offering Period ten percent (10%) (or such other maximum percentage as the Committee may establish from time to time before an Offering Period begins). begins), of his or her Compensation on each pay day occurring during an Offering Period. Payroll deductions shall commence on the first payroll date following after the Offering Grant Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the this Plan. 6.2 Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions applicable to such Offering Period only once. one (1) time. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the Purchase Date. Date, with any permitted change to take effect as soon as administratively practicable. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start of the next Offering Period. 4 6.3 Automatic Re-enrollment. The deduction rate selected by a Participant in an the Enrollment Form shall remain in effect for subsequent Offering Periods, Periods unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) withdraws from the this Plan in accordance with Section 10, or (iii) terminates employment or otherwise becomes ineligible to participate in this Plan. The Participant's accumulated payroll deductions shall be used to purchase the maximum number of whole shares that can be purchased with the amounts in the Participant's notional account, subject to the limitations set forth in this Plan. No fractional shares may be purchased but notional fractional shares of Common Stock shall be allocated to the Participant's ESPP Share Account to be aggregated with other notional fractional shares of Common Stock on future Purchase Dates, subject to earlier withdrawal by the Participant in accordance with Section 10 or termination of employment in accordance with Section 11. Any accumulated payroll deductions that remain in a Participant's notional account after applying the limitations of Section 4.2 and Section 7 shall be returned to the Participant as soon as administratively practicable. The Committee may permit or require that the shares be deposited directly into an ESPP Share Account established in the name of the Participant with a Designated Broker and may require that the shares of Common Stock be retained with such Designated Broker for a specified period of time. Participants shall not have any voting, dividend, or other rights of a stockholder with respect to the shares of Common Stock subject to any option granted hereunder until such shares have been delivered pursuant to this Section 9. View More
Participation. 6.1 Enrollment and Payroll Deductions. An Eligible Employee may elect to participate in the this Plan by properly completing an Enrollment Form Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation in the this Plan is entirely voluntary. By submitting an Enrollment Form, an the Eligible Employee authorizes payroll deductions from his or her pay check paycheck in an amount equal to at least 1%, one... percent (1%), but not more than 10%, of his or her Compensation on each pay day occurring during an Offering Period ten percent (10%) (or such other maximum percentage as the Committee may establish from time to time before an Offering Period begins). begins) of his or her Compensation on each pay day occurring during an Offering Period. Payroll deductions shall commence on the first payroll date following after the Offering Grant Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the this Plan. 6.2 Election Changes. During an Offering Period, a Participant may decrease or increase not change his or her rate of payroll deductions applicable to such Offering Period only once. To make such a change, unless the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the Purchase Date. Committee determines otherwise. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start of the next Offering Period. 4 6.3 Automatic Re-enrollment. The deduction rate selected by a Participant in an the Enrollment Form shall remain in effect for subsequent Offering Periods, Periods unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) withdraws from the this Plan in accordance with Section 10, or (iii) terminates employment or otherwise becomes ineligible to participate in this Plan. The Participant's accumulated payroll deductions shall be used to purchase the maximum number of whole shares that can be purchased with the amounts in the Participant's notional account, subject to the limitations set forth in this Plan. Unused payroll deductions remaining in a Participant's notional account at the end of an Offering Period (i.e., by reason of the inability to purchase a fractional share), as well as any accumulated payroll deductions that remain in a Participant's notional account after applying the limitations of Section 4.2 and Section 7, shall be returned to the Participant as soon as administratively practicable. The Committee may permit or require that the shares be deposited directly into an ESPP Share Account established in the name of the Participant with a Designated Broker and may require that the shares of Common Stock be retained with such Designated Broker for a specified period of time. Participants shall not have any voting, dividend, or other rights of a stockholder with respect to the shares of Common Stock subject to any option granted hereunder until such shares have been delivered pursuant to this Section 9. View More
Participation. 6.1 Enrollment and Enrollment; Payroll Deductions. An Eligible Employee may elect to participate in the Plan by properly completing an Enrollment Form and submitting it to the Company, in accordance with the enrollment procedures and deadlines established by the Committee. Such Enrollment Form may be an electronic document completed by the Eligible Employee or generated by the Eligible Employee via participation in an interactive voice response system. Participation in the Plan is entirely volun...tary. By submitting an Enrollment Form, an the Eligible Employee authorizes payroll deductions from his or her pay check in an amount equal to at least 1%, two percent (2%), but not more than 10%, fifteen percent (15%) (only in whole percentages) of his or her Compensation on each pay day occurring during an Offering Period (or such other maximum percentage as the Committee Period. A Participant may establish from time not make any additional contributions to time before an Offering Period begins). his or her Plan notional account. Payroll deductions shall commence on the first payroll date following the Offering Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the Plan. 4 6.2 Election Changes. During an Offering Period, a Participant may elect to decrease or increase his or her rate of payroll deductions applicable to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions deductions, which Enrollment Form must be submitted at least fifteen (15) thirty (30) days before prior to the Purchase Date. Any such election to increase or decrease payroll deductions will be effective as soon as reasonably practicable after the Company's receipt of the new Enrollment Form. A Participant may decrease or increase his or her rate of payroll deductions for any future Offering Periods Period by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before during the start of the next enrollment period established pursuant to Section 6.1 for that Offering Period. 6.3 Automatic Re-enrollment. The deduction rate selected by a Participant in an the Enrollment Form shall remain in effect for subsequent Offering Periods, Periods unless the Participant (i) (a) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) (b) withdraws from the Plan in accordance with Section 10, or (iii) (c) terminates employment or otherwise becomes ineligible ceases to participate be an Eligible Employee in accordance with Section 11. 6.4 Automatic Decrease. Notwithstanding the Plan. foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 4 above, a Participant's payroll deductions will be decreased to zero percent (0%). Payroll deductions will recommence at the rate provided in such Participant's Enrollment Form when permitted under Section 423(b)(8) of the Code and Section 4 unless the Participant sooner withdraws from the Plan in accordance with Section 10 or terminates employment or otherwise ceases to be an Eligible Employee in accordance with Section 11. View More
Participation. 6.1 Enrollment and Enrollment; Payroll Deductions. An Eligible Employee may elect to participate in the Plan by properly completing an Enrollment Form Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation in the Plan is entirely voluntary. By submitting an Enrollment Form, an the Eligible Employee authorizes payroll deductions from his or her pay check in an amount equal to at least 1%, but not mo...re than 10%, 15% of his or her Compensation on each pay day occurring during an Offering Period (or such other maximum percentage as the Committee may establish from time to time before an Offering Period begins). Payroll deductions shall commence on the first payroll date following the Offering Date and end on the last payroll date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the Plan. 6.2 Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions applicable to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) and any change shall become effective on the next payroll period that begins no earlier than five (5) business days before after the Purchase Date. Company's receipt of a new Enrollment Form or such other notice period as may be established by the Compensation Committee from time to time in its sole discretion (to the extent practical 4 under the Company's payroll practices) following delivery of a new Enrollment Form. A Participant may decrease or increase his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before the start of the next Offering Period. 6.3 Automatic Re-enrollment. The deduction rate selected by a Participant in an the Enrollment Form shall remain in effect for subsequent Offering Periods, Periods unless the Participant (i) (a) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6.2, (ii) (b) withdraws from the Plan in accordance with Section 10, or (iii) (c) terminates employment or otherwise becomes ineligible to participate in the Plan. View More
