Participation Clause Example with Variations from Business Contracts

Participation. (a) Participants. Participants on Effective Date. An eligible employee who is not a Participant in any prior Offering Eligible Employee may elect to participate in a subsequent Offering the Plan by properly completing and submitting an enrollment form to his or her appropriate payroll location Enrollment Form (in the manner described in Section 4(b)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). Offering) and in accordance with enrollment procedures established by the Administrator. Participation in the Plan is entirely voluntary. (b) Enrollment. The enrollment form will (a) Enrollment Form shall (i) state a whole percentage the deduction to be deducted made from from an eligible employee's Eligible Employee's Compensation (as defined in during an Offering pursuant to Section 11) per pay period, (b) 5, (ii) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) (iii) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in an Offering in accordance with these procedures will shall be deemed to have waived participation in such Offering. (c) Automatic Re-enrollment. The deduction rate selected in the right to participate. Unless a Enrollment Form shall remain in effect for subsequent Offerings unless the Participant files (i) submits a new enrollment form or Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6, (ii) withdraws from the Plan, such Participant's deductions and purchases will continue at Plan in accordance with Section 7, or (iii) terminates employment or otherwise becomes ineligible to participate in the same percentage Plan. (d) Electronic Submission of Compensation for future Offerings, provided he Enrollment Form. The Administrator may specify that Enrollment Forms to be submitted to the Company pursuant to this Section 4 or she remains eligible. (c) Section 7 below are to be submitted electronically via the Company's intranet or the Internet site of a third party or via email or any other means of electronic delivery specified by the Administrator. (e) Notwithstanding the foregoing, participation in the Plan will shall neither be permitted nor be denied contrary to the requirements of the Code. 3 5. Employee Contributions. Each Eligible Employee may, by submitting an Enrollment Form as described in Section 4(b), authorize payroll deductions, in whole percentages, at a minimum of 1% up to a maximum of 15% of such employee's Compensation, to be deducted on a pro rata basis for each pay period during an Offering, provided that, to the extent permitted by Administrator for an Offering, an Eligible Employee may authorize a payroll deduction expressed as a flat dollar amount, subject to such terms, conditions and limits as may be established by the Administrator for such Offering. Payroll deductions shall commence on the first payroll date following the Offering Date and end on the last payroll date on or before the last day of the Offering. Payroll deductions shall be made in accordance with the Eligible Employee's election; however, due to rounding or other administrative reasons, the actual percentage contributed may be less than the elected percentage. The Company shall maintain notional book accounts showing the amount of payroll deductions made by each Participant for each Purchase Period, but the Company will not hold payroll deductions in a trust or in any segregated account, unless otherwise determined by the Administrator or required by applicable law. No interest shall accrue or be paid on payroll deductions, except as may be required by applicable law. If payroll deductions for purposes of the Plan are prohibited or otherwise problematic under applicable law (as determined by the Administrator in its discretion), the Administrator may require Participants to contribute to the Plan by such other means as determined by the Administrator. Any reference to "payroll deductions" in this Section 5 (or in any other section of the Plan) shall similarly cover contributions by other means made pursuant to this Section 5. View More

Participation. (a) Participants. Participants on Effective Date. An eligible employee who is not a Participant in any prior Offering Eligible Employee may elect to participate in a subsequent Offering the Plan by properly completing and submitting an enrollment form to his or her appropriate payroll location Enrollment Form (in the manner described in Section 4(b)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). Offering) and in accordance with enrollment procedures established by the Administrator. Participation in the Plan is entirely voluntary. (b) Enrollment. The enrollment form will (a) Enrollment Form shall (i) state a whole percentage to be deducted from an eligible employee's Eligible Employee's Compensation (as defined in Section 11) per pay period, (b) period during an Offering, (ii) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) (iii) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in an Offering in accordance with these procedures will shall be deemed to have waived participation in such Offering. (c) Automatic Re-enrollment. The deduction rate selected in the right to participate. Unless a Enrollment Form shall remain in effect for subsequent Offerings unless the Participant files (i) submits a new enrollment form or Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6, (ii) withdraws from the Plan in accordance with Section 7, or (iii) terminates employment or otherwise becomes ineligible to participate in the Plan. (d) Holding Period. As a condition to participation in the Plan, Participant agrees not to sell or otherwise dispose of such Participant's deductions and purchases will continue shares of Common Stock purchased by the Participant upon exercise of an Option pursuant to Section 9 of the Plan for a period of at least six (6) months following the same percentage Exercise Date. (e) Electronic Submission of Compensation for future Offerings, provided he Enrollment Form. The Administrator may specify that Enrollment Forms to be submitted to the Company pursuant to this Section 4 or she remains eligible. (c) Section 7 below are to be submitted electronically via the Company's intranet or the Internet site of a third party or via email or any other means of electronic delivery specified by the Administrator. 3 (f) Notwithstanding the foregoing, participation in the Plan will shall neither be permitted nor be denied contrary to the requirements of the Code. View More

Participation. (a) Participants. Participants on Effective Date. An eligible employee who is not a Participant in any prior Offering Eligible Employee may elect to participate in a subsequent Offering the Plan by properly completing and submitting an enrollment form to his or her appropriate payroll location Enrollment Form (in the manner described in Section 4(b)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). Offering) and in accordance with enrollment procedures established by the Administrator. Participation in the Plan is entirely voluntary. (b) Enrollment. The enrollment form will (a) Enrollment Form shall (i) state a whole percentage to be deducted from an eligible employee's Eligible Employee's Compensation (as defined in Section 11) per pay period, (b) period during an Offering, (ii) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) (iii) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in an Offering in accordance with these procedures will shall be deemed to have waived participation in such Offering. (c) Automatic Re-enrollment. The deduction rate selected in the right to participate. Unless a Enrollment Form shall remain in effect for subsequent Offerings unless the Participant files (i) submits a new enrollment form or Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6, (ii) withdraws from the Plan, such Participant's deductions and purchases will continue at Plan in accordance with Section 7, or (iii) terminates employment or otherwise becomes ineligible to participate in the same percentage Plan. 3 (d) Electronic Submission of Compensation for future Offerings, provided he Enrollment Form. The Administrator may specify that Enrollment Forms to be submitted to the Company pursuant to this Section 4 or she remains eligible. (c) Section 7 below are to be submitted electronically via the Company's intranet or the Internet site of a third party or via email or any other means of electronic delivery specified by the Administrator. (e) Notwithstanding the foregoing, participation in the Plan will shall neither be permitted nor be denied contrary to the requirements of the Code. View More

Participation. (a) Participants. An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by submitting an enrollment form to his the Company or her appropriate payroll location an agent designated by the Company (in the manner described in Section 4(b)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). (b) Enrollment. The enrollment form (which may be in an... electronic format or such other method as determined by the Company in accordance with the Company's practices) will (a) state a whole percentage to be deducted from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files a new enrollment form or withdraws from the Plan, such Participant's deductions or contributions and purchases will continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. (c) Notwithstanding the foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the Code. 2 5. Employee Contributions. Each eligible employee may authorize payroll deductions or contributions at a minimum of 1 percent (1%) up to a maximum of 15 percent (15%) of such employee's Compensation for each pay period or such other maximum as may be specified by the Administrator in advance of an Offering. The Company will maintain book accounts showing the amount of payroll deductions or contributions made by each Participant for each Offering. No interest will accrue or be paid on payroll deductions or contributions, except as may be required by applicable law. If payroll deductions or contributions for purposes of the Plan are prohibited or otherwise problematic under applicable law (as determined by the Administrator in its discretion), the Administrator may require Participants to contribute to the Plan by such other means as determined by the Administrator. Any reference to "payroll deductions or contributions" in this Section 5 (or in any other section of the Plan) will similarly cover contributions by other means made pursuant to this Section 5. View More

Participation. (a) Participants. Participants on Effective Date. Each eligible employee at the time of the Initial Public Offering shall be deemed to be a Participant at such time. If an eligible employee is deemed to be a Participant pursuant to this Section 4(a), such individual shall be deemed not to have authorized payroll deductions or contributions and shall not purchase any Common Stock hereunder unless he or she thereafter authorizes payroll deductions or contributions by submitting (either in... electronic or written form, according to procedures established by the Company) an enrollment form (in the manner described in Section 4(c)) by the end of the Initial Offering or such earlier deadline as is specified by the Administrator. If such a Participant does not authorize payroll deductions or contributions by submitting (either in electronic or written form, according to procedures established by the Company) an enrollment form by the end of the Initial Offering (or such earlier deadline, as applicable), that Participant will be deemed to have withdrawn from the Plan. 3 (b) Participants in Subsequent Offerings. An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by submitting (either in electronic or written form, according to procedures established by the Company) an enrollment form to his or her appropriate payroll location at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). (b) (c) Enrollment. The enrollment form will (a) state a whole percentage to be deducted contributed from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued or transferred pursuant to Section 10. An employee who does not enroll in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files submits (either in electronic or written form, according to procedures established by the Company) a new enrollment form or withdraws from the Plan, such Participant's deductions contributions and purchases will continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. (c) (d) Notwithstanding the foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the Code. Code and any applicable law. 4 5. Employee Contributions. Each eligible employee may authorize payroll deductions at a minimum of 1 percent up to a maximum of 20 percent of such employee's Compensation for each pay period; provided, however, that if payroll deductions are not permitted or problematic under applicable law or for administrative reasons, the Company, in its discretion, may allow eligible employees to contribute to the Plan by other means. The Company will maintain book accounts showing the amount of payroll deductions or other contributions made by each Participant for each Offering. No interest will accrue or be paid on payroll deductions or other contributions, unless required under applicable law. View More

Participation. (a) Participants. Participants An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by submitting an enrollment form to his the Company or her appropriate payroll location an agent designated by the Company (in the manner described in Section 4(c)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). (b) Enrollment. The enrollment form (which may be in... an electronic format or such other method as determined by the Company in accordance with the Company's practices) will (a) state a whole percentage to be deducted from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files a new enrollment form or withdraws from the Plan, such Participant's deductions and purchases will continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. (c) Notwithstanding the foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the Code. Code.5. Employee Contributions. Each eligible employee may authorize payroll deductions at a minimum of 1 percent up to a maximum of 15 percent of such employee's Compensation for each pay period. The Company will maintain book accounts showing the amount of payroll deductions made by each Participant for each Purchase Period. No interest will accrue or be paid on payroll deductions, except as may be required by applicable law. If payroll deductions for purposes of the Plan are prohibited or otherwise problematic under applicable law (as determined by the Administrator in its discretion), the Administrator may require Participants to contribute to the Plan by such other means as determined by the Administrator. Any reference to "payroll deductions" in this Section 5 (or in any other section of the Plan ) will similarly cover contributions by other means made pursuant to this Section 5.6. Deduction Changes. Except as may be determined by the Administrator in advance of an Offering, a Participant may not increase or decrease his or her payroll deduction during any Offering, but may increase or decrease his or her payroll deduction with respect to the next Offering (subject to the limitations of Section 5) by filing a new enrollment form at least 15 business days before the next Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). The Administrator may, in advance of any Offering, establish rules permitting a Participant to increase, decrease or terminate his or her payroll deduction during an Offering.7. Withdrawal. A Participant may withdraw from participation in the Plan by delivering a written notice of withdrawal to the Company or an agent designated by the Company (in accordance with such procedures as may be established by the Administrator). The Participant's withdrawal will be effective as of the next business day. Following a Participant's withdrawal, the Company will promptly refund such individual's entire account balance under the Plan to him or her (after payment for any Common Stock purchased before the effective date of withdrawal). Partial withdrawals are not permitted. Such an employee may not begin participation again during the remainder of the Offering, but may enroll in a subsequent Offering in accordance with Section 4. View More

Participation. (a) Participants. Participants on Effective Date. Each eligible employee as of the Registration Date shall be deemed to be a Participant at such time. If an eligible employee is deemed to be a Participant pursuant to this Section 4(a), such individual shall be deemed not to 3 have authorized payroll deductions or other contributions and shall not purchase any Common Stock hereunder unless he or she thereafter authorizes payroll deductions or other contributions by submitting an enrollment form... (in the manner described in Section 4(c)) within 90 days after the commencement of the Initial Offering. If such a Participant does not authorize payroll deductions or other contributions by submitting an enrollment form by such deadline (or such other deadline as determined by the Administrator), that Participant will be deemed to have withdrawn from the Plan. (b) Participants in Subsequent Offerings. An eligible employee who is not a Participant in on any prior Offering Date may participate in a subsequent such Offering by submitting an enrollment form to his or her appropriate payroll location in a manner determined by the Company at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). (b) (c) Enrollment. The enrollment form will (a) state a whole percentage (unless the Administrator determines in advance of an Offering to require that a fixed amount be specified in lieu of a percentage) to be deducted contributed from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files a new enrollment form or withdraws from the Plan, such Participant's deductions contributions and purchases will continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. (c) (d) Notwithstanding the foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the Code. Code and any applicable law. 4 5. Employee Contributions. Each eligible employee may authorize payroll deductions at a minimum of 1 percent up to a maximum of 15 percent of such employee's Compensation for each pay period; provided, however, that if payroll deductions are not permitted or problematic under applicable law or for administrative reasons, the Company, in its discretion, may allow eligible employees to contribute to the Plan by other means. The Company will maintain book accounts showing the amount of payroll deductions or other contributions made by each Participant for each Purchase Period. No interest will accrue or be paid on payroll deductions or other contributions, unless required under applicable law. View More

Participation. (a) Participants. Participants on Effective Date. Each eligible employee as of the Registration Date shall be deemed to be a Participant at such time. If an eligible employee is deemed to be a Participant pursuant to this Section 4(a), such individual shall be deemed not to have authorized payroll deductions and shall not purchase any Shares hereunder unless he or she thereafter authorizes payroll deductions by submitting an enrolment form (in the manner described in Section 4(c)) within 60... days of the commencement of the Initial Offering. If such a Participant does not authorize payroll deductions by submitting an enrolment form within 60 days of the commencement of the Initial Offering, that Participant will be deemed to have withdrawn from the Plan. (b) An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by submitting an enrollment enrolment form to his or her appropriate payroll location at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator Compensation Committee for the Offering). (b) Enrollment. (c) Enrolment. The enrollment enrolment form will (a) state a whole percentage or the amount to be deducted from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock Shares in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock Shares purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll enrol in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files a new enrollment enrolment form or withdraws from the Plan, such Participant's deductions and purchases will continue at the same percentage or amount of Compensation for future Offerings, provided he or she remains eligible. (c) (d) Notwithstanding the foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the U.S. Code. View More

Participation. (a) Participants. Participants in the Initial Offering. Each eligible employee as of the date of the Initial Offering shall be deemed to be a Participant at such time. If an eligible employee is deemed to be a Participant pursuant to this Section 4(a), such individual shall be deemed not to have authorized payroll deductions and shall not purchase any Common Stock hereunder unless he or she thereafter authorizes payroll deductions by submitting an enrollment form (in the manner described in... Section 4(c)) within 60 days of the commencement of the Initial Offering (or by such other deadline as shall be established by the Administrator for the Initial Offering). If such a Participant does not authorize payroll deductions by submitting an enrollment form within 60 days of the commencement of the Initial Offering (or by such other deadline as shall be established by the Administrator for the Initial Offering), that Participant will be deemed to have withdrawn from the Plan. (b) Participants in Subsequent Offerings. An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by submitting an enrollment form to his or her appropriate payroll location (in the manner described in Section 4(c)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). (b) 2 (c) Enrollment. The enrollment form (which may be in an electronic format or such other method as determined by the Company in accordance with the Company's practices) will (a) state a whole percentage to be deducted from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files a new enrollment form or withdraws from the Plan, such Participant's deductions and purchases will continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. (c) (d) Notwithstanding the foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the Code. View More

Participation. (a) Participants. Participants on Effective Date. Each eligible employee at the time of the Initial Public Offering shall be deemed to be a Participant at such time. If an eligible employee is deemed to be a Participant pursuant to this Section 4(a), such individual shall be deemed not to have authorized payroll deductions and shall not purchase any Common Stock hereunder unless he or she thereafter authorizes payroll deductions by submitting an enrollment form (in the manner described in... Section 4(c)) within 60 days of the commencement of the Initial Offering. If such a Participant does not authorize payroll deductions by submitting an enrollment form within 60 days of the commencement of the Initial Offering, that Participant shall be deemed to have withdrawn from the Plan. 2 (b) Participants in Subsequent Offerings. An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by submitting an enrollment form to his or her appropriate payroll location (in the manner described in Section 4(c)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). (b) (c) Enrollment. The enrollment form will (which may be in an electronic format or such other method as determined by the Company in accordance with the Company's practices) shall (a) state a whole percentage to be deducted from an eligible employee's Compensation (as defined in Section 11) per pay period, (b) authorize the purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee who does not enroll in accordance with these procedures will shall be deemed to have waived the right to participate. Unless a Participant files a new enrollment form or withdraws from the Plan, such Participant's deductions and purchases will shall continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. (c) (d) Notwithstanding the foregoing, participation in the Plan will shall neither be permitted nor be denied contrary to the requirements of the Code. View More