Participation Clause Example with 6 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. (a) Each Eligible Employee may become a Participant with respect to any Offering Period by completing a subscription agreement authorizing payroll deductions in a form acceptable to the Committee and filing it with the Company (or its designated third-party stock plan administrator) at least fifteen (15) calendar days (or a different number of days as may be determined by the Committee, in its sole discretion) prior to the first day of such Offering Period. A Participant's completion of a subscr...iption agreement with respect to any Offering Period will enroll such Participant in the Plan for each subsequent Offering Period on the terms contained therein until the Participant either submits a new subscription agreement, withdraws from participation under the Plan as provided in Section 10 of the Plan, or otherwise becomes ineligible to participate in the Plan. 4 (b) Payroll deductions for a Participant shall commence on the first payday following the Enrollment Date and shall end on the last payday in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant as provided in Section 10 of the Plan. (c) During a Participant's leave of absence approved by the Participant's Employer and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such Participant may continue to participate in the Plan by making cash payments to the Company on each payday equal to the amount of the Participant's payroll deductions under the Plan for the payday immediately preceding the first day of such Participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), the Participant will automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. In such event, the Company will automatically cease to deduct the Participant's payroll under the Plan. The Company will pay to the Participant his or her total payroll deductions for the Offering Period, in cash in one lump sum (without interest), as soon as practicable after the Participant ceases to participate in the Plan. (d) The subscription agreement(s) used in connection with the Plan shall be in a form prescribed by the Committee, and the Committee may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form.View More
Variations of a "Participation" Clause from Business Contracts
Participation. (a) Each Eligible An eligible Employee may become a Participant with respect to any Offering Period participant in the Plan by completing a subscription agreement authorizing payroll deductions in a form acceptable to the Committee and filing it with the Company (or its designated third-party stock plan administrator) at least fifteen (15) calendar days (or a different number of days enrolling through such procedures as may be determined provided by the Committee, Company from time to time. An e...nrollment in its sole discretion) prior to the first day of such Offering Period. A Participant's completion of effect for a subscription agreement with respect to any participant for a particular Offering Period will enroll such Participant continue in effect for subsequent Offering Periods if the participant remains an eligible Employee and has not withdrawn from participation in the Plan for each subsequent Offering Period on the terms contained therein until the Participant either submits a new subscription agreement, withdraws from participation under the Plan as provided in pursuant to Section 10. of the Plan, or otherwise becomes ineligible to participate in the Plan. 4 (b) 3 (a) Payroll deductions for a Participant shall commence on the first payday payroll following the Enrollment Date and shall end on the last payday payroll in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant as provided in Section 10. of the Plan. (c) (b) During a Participant's leave of absence approved by the Participant's Employer Company or a Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such 1.421-1(h)(2), a Participant may continue to participate in the Plan by making cash payments to the Company on each payday pay day equal to the amount of the Participant's payroll deductions under the Plan for the payday pay day immediately preceding the first day of such Participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), 1.421-1(h)(2), the Participant will cease automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. Plan. In such event, the Company will automatically cease to deduct the Participant's payroll make contributions for such Participant under the Plan. The Plan and Company will pay to the Participant his or her total payroll deductions for the Offering Period, in cash in one lump sum (without interest), as soon as practicable after the Participant ceases to participate participate. (c) By enrolling in the Plan, each participant will be deemed to have authorized the establishment of a brokerage account in his or her name at a securities brokerage firm, which firm shall serve as custodial agent for the purpose of holding shares purchased under the Plan. (d) The subscription agreement(s) used in connection account will be governed by, and subject to, the terms and conditions of a written agreement with the Plan shall be in a form prescribed firm approved by the Committee, and Board or the Committee may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form. committee administering the Plan. View More
Participation. (a) Each Eligible An eligible Employee may become a Participant with respect to any Offering Period participant in the Plan by completing a subscription agreement authorizing payroll deductions in a form acceptable to the Committee and filing it with the Company (or its designated third-party stock plan administrator) at least fifteen (15) calendar days (or a different number of days enrolling through such procedures as may be determined provided by the Committee, in its sole discretion) prior C...ompany from time to the first day of such Offering Period. A Participant's completion of a subscription agreement with respect to any Offering Period will enroll such Participant in the Plan for each subsequent Offering Period on the terms contained therein until the Participant either submits a new subscription agreement, withdraws from participation under the Plan time. Except as provided in Section 10 of 6, an enrollment in effect for a participant for a particular Offering Period will continue in effect for subsequent Offering Periods if the Plan, or otherwise becomes ineligible to participate participant remains an eligible Employee and has not withdrawn from participation in the Plan. 4 (b) Plan pursuant to Section 10. (a) Payroll deductions for a Participant shall commence on the first payday payroll date following the Enrollment Date and shall end on the last payday payroll date in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant as provided in Section 10. of the Plan. (c) (b) During a Participant's leave of absence approved by the Participant's Employer Company or a Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such 1.421-1(h)(2), a Participant may continue to participate in the Plan by making cash payments to the Company on each payday pay day equal to the amount of the Participant's payroll deductions under the Plan for the payday pay day immediately preceding the first day of such Participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), 1.421-1(h)(2), the Participant will cease automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. Plan. In such event, the Company will automatically cease to deduct the Participant's payroll make contributions for such Participant under the Plan. The Plan and Company will pay to the Participant his or her total payroll deductions for the Offering Period, in cash in one lump sum (without interest), as soon as practicable after the Participant ceases to participate participate. (c) By enrolling in the Plan, each participant will be deemed to have authorized the establishment of a brokerage account in his or her name at a securities brokerage firm, which firm shall serve as custodial agent for the purpose of holding shares purchased under the Plan. (d) The subscription agreement(s) used in connection account will be governed by, and subject to, the terms and conditions of a written agreement with the Plan shall be in a form prescribed firm approved by the Committee, and Board or the Committee may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form. committee administering the Plan. View More
Participation. (a) Each (a). An Eligible Employee may become a Participant with respect to any Offering Period in the Plan by completing a subscription agreement authorizing payroll deductions in a form acceptable to the Committee Administrator and filing it with the Company (or its designated third-party stock plan administrator) at least Company's payroll office no later than fifteen (15) calendar days (or a different number of days such shorter or longer period as may be determined by the Committee, Adminis...trator, in its sole discretion) prior to the first day applicable Enrollment Date; provided, however, that if an employee's employment with the Company commences on the Enrollment Date of an Offering Period and on such date the employee is an Eligible Employee, such Eligible Employee may become a Participant in the Plan and in such Offering Period. Period by completing the subscription agreement and filing it with the Company's payroll office by the time specified by the Administrator. 3 (b). A Participant's proper completion and timely submission of a subscription agreement with respect to any Offering Period will enroll such Participant in the Plan for the applicable Offering Period, each successive Purchase Period within such Offering Period and subsequent Offering Period Periods (and corresponding Purchase Periods) on the terms contained therein and in the Plan until the Participant either submits a new subscription agreement, agreement in accordance with Section 5(a) hereof, withdraws from participation under the Plan as provided in Section 10 of the Plan, hereof or otherwise becomes ineligible to participate in the Plan. 4 (b) Payroll (c). Except as provided in subsection (a) hereof, with respect to each Offering Period, payroll deductions for a Participant shall commence on the first payday payroll following the Enrollment Date and shall end on the last payday payroll in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant as provided in Section 10 hereof or otherwise terminated pursuant to the provisions of the Plan. (c) During a Participant's leave of absence approved by the Participant's Employer and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such Participant may continue to participate in the Plan by making cash payments to the Company on each payday equal to the amount of the Participant's payroll deductions under the Plan for the payday immediately preceding the first day of such Participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), the Participant will automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. In such event, the Company will automatically cease to deduct the Participant's payroll under the Plan. The Company will pay to the Participant his or her total payroll deductions for the Offering Period, in cash in one lump sum (without interest), as soon as practicable after the Participant ceases to participate in the Plan. (d) (d). The subscription agreement(s) used in connection with the Plan shall be in a form prescribed by the Committee, Administrator, and the Committee Administrator may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form. (e). During a leave of absence approved by the Company or a Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-1(h)(2), a Participant may continue to participate in the Plan to the extent the Participant's employment is considered to continue pursuant to Treasury Regulation Section 1.421-1(h)(2). On the first day that (i) a Participant's unapproved leave of absence begins, (ii) a period of leave that fails to meet the requirements of Treasury Regulation Section 1.421-1(h)(2), or (iii) the Participant ceases to be considered an employee pursuant to Treasury Regulation Section 1.421-1(h)(2), the Participant's participation in the Plan will automatically terminate, the Participant's payroll deductions under the Plan will automatically cease, and the Company will pay to such Participant the payroll deductions previously credited to such Participant's account for the applicable Purchase Period (without interest), as soon as administratively practicable after the termination of such Participant's participation in the Plan. View More
Participation. (a) Each (a)An Eligible Employee may become a Participant with respect to any Offering Period participant in the Plan by completing a subscription agreement authorizing payroll deductions in a form acceptable to the Committee Administrator and filing it with the Company (or its designated third-party stock plan administrator) at least Company's payroll office fifteen (15) calendar days (or a different number of days such shorter or longer period as may be determined by the Committee, Administrat...or, in its sole discretion) prior to the first day of such Offering Period. A Participant's completion applicable Enrollment Date. (b)Eligible Employees who are citizens or residents of a subscription agreement with respect non-U.S. jurisdiction (without regard to any Offering Period will enroll such Participant whether they also are citizens or residents of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) may be excluded from participation in the Plan for each subsequent or an Offering Period on if the terms contained therein until participation of such Eligible Employees is prohibited under the Participant either submits a new subscription agreement, withdraws laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an Offering to violate Section 423 of the Code. In the case of the Non-423 Component, Eligible Employees may be excluded from participation under in the Plan as provided in Section 10 or an Offering if the Administrator determines that participation of the Plan, such Eligible Employees is not advisable or otherwise becomes ineligible to participate in the Plan. 4 (b) Payroll practicable. (c)Payroll deductions for a Participant participant shall commence on the first payday payroll following the Enrollment Date and shall end on the last payday payroll in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant participant as provided in Section 10 of the Plan. (c) During hereof. (d)During a Participant's leave of absence approved by the Participant's Employer Company or a Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such Participant a participant may continue to participate in the Plan by making cash payments to the Company on each payday pay day equal to the amount of the Participant's participant's payroll deductions under the Plan for the payday pay day immediately preceding the first day of such Participant's participant's leave of absence. Alternatively, during a leave of absence approved by the Company or a Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), a participant may elect to continue participating in the Plan, but not make any payroll deductions or cash payments. Any payroll deductions made prior to the beginning of the leave in the current Offering Period that have not already been used to purchase shares will be used to purchase shares at the end of the Purchase Period. The participant may resume payroll deduction when the leave ends and they return to work in an amount 6 equal to their payroll deductions under the Plan for the pay day immediately preceding the first day of such participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), the Participant participant will cease automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. Plan. In such event, the Company will automatically cease to deduct the Participant's participant's payroll under the Plan. The Company will pay to the Participant participant his or her total payroll deductions for the Offering Period, Period that have not already been used to purchase shares, in cash in one lump sum (without interest), as soon as practicable after the Participant participant ceases to participate in the Plan. (d) The (e)A participant's completion of a subscription agreement will enroll such participant in the Plan for each successive Purchase Period and each subsequent Offering Period on the terms contained therein until the participant either submits a new subscription agreement, withdraws from participation under the Plan as provided in Section 10 hereof or otherwise becomes ineligible to participate in the Plan. (f)The subscription agreement(s) used in connection with the Plan shall be in a form prescribed by the Committee, Administrator, and the Committee Administrator may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form. View More
Participation. (a) Each An Eligible Employee may become a Participant with respect to any Offering Period participant in the Plan by completing a subscription agreement authorizing payroll deductions in a form acceptable to the Committee Administrator and filing it with the Company (or its designated third-party stock plan administrator) at least Company's payroll office fifteen (15) calendar days (or a different number of days such shorter or longer period as may be determined by the Committee, Administrator,... in its sole discretion) prior to the first day of such Offering Period. A Participant's completion applicable Enrollment Date. (b) Eligible Employees who are citizens or residents of a subscription agreement with respect non-U.S. jurisdiction (without regard to any Offering Period will enroll such Participant whether they also are citizens or residents of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) may be excluded from participation in the Plan for each subsequent or an Offering Period on if the terms contained therein until participation of such Eligible Employees is prohibited under the Participant either submits a new subscription agreement, withdraws laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an Offering to violate Section 423 of the Code. In the case of the Non-423 Component, Eligible Employees may be excluded from participation under in the Plan as provided in Section 10 or an Offering if the Administrator determines that participation of the Plan, such Eligible Employees is not advisable or otherwise becomes ineligible to participate in the Plan. 4 (b) practicable. 6 (c) Payroll deductions for a Participant participant shall commence on the first payday payroll following the Enrollment Date and shall end on the last payday payroll in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant participant as provided in Section 10 of the Plan. (c) hereof. (d) During a Participant's leave of absence approved by the Participant's Employer Company or a Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such Participant a participant may continue to participate in the Plan by making cash payments to the Company on each payday pay day equal to the amount of the Participant's participant's payroll deductions under the Plan for the payday pay day immediately preceding the first day of such Participant's participant's leave of absence. Alternatively, during a leave of absence approved by the Company or a Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), a participant may elect to continue participating in the Plan, but not make any payroll deductions or cash payments. Any payroll deductions made prior to the beginning of the leave in the current Offering Period that have not already been used to purchase shares will be used to purchase shares at the end of the Purchase Period. The participant may resume payroll deduction when the leave ends and they return to work in an amount equal to their payroll deductions under the Plan for the pay day immediately preceding the first day of such participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), the Participant participant will cease automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. Plan. In such event, the Company will automatically cease to deduct the Participant's participant's payroll under the Plan. The Company will pay to the Participant participant his or her total payroll deductions for the Offering Period, Period that have not already been used to purchase shares, in cash in one lump sum (without interest), as soon as practicable after the Participant participant ceases to participate in the Plan. (d) (e) A participant's completion of a subscription agreement will enroll such participant in the Plan for each successive Purchase Period and each subsequent Offering Period on the terms contained therein until the participant either submits a new subscription agreement, withdraws from participation under the Plan as provided in Section 10 hereof or otherwise becomes ineligible to participate in the Plan. (f) The subscription agreement(s) used in connection with the Plan shall be in a form prescribed by the Committee, Administrator, and the Committee Administrator may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form. View More
Participation. (a) Each For each Offering Period, an Eligible Employee may become a Participant with respect to any Offering Period participant in the Plan by completing a subscription agreement authorizing payroll deductions deductions, in a the form acceptable to the Committee attached hereto as Exhibit A, and filing it with the Company (or its designated third-party stock plan administrator) at least Company's payroll office fifteen (15) calendar days (or a different number of days such shorter or longer pe...riod as may be determined by the Committee, Administrator, in its sole discretion) prior to the applicable Enrollment Date. (b) Each person who, during the course of an Offering Period, first becomes an Eligible Employee subsequent to the Enrollment Date will be eligible to become a participant in the Plan on the first Enrollment Date following the day on which such person becomes an Eligible Employee. Such person may become a participant in the Plan by completing a subscription 3 agreement authorizing payroll deductions, in the form attached hereto as Exhibit A, and filing it with the Company's payroll office fifteen (15) days (or such shorter or longer period as may be determined by the Administrator, in its sole discretion) prior to the first day of such Offering Period. A Participant's completion of a subscription agreement with respect to any Offering Period will enroll following the date such Participant in the Plan for each subsequent Offering Period on the terms contained therein until the Participant either submits a new subscription agreement, withdraws from participation under the Plan person becomes an Eligible Employee. (c) Except as provided in Section 10 of the Plan, or otherwise becomes ineligible to participate in the Plan. 4 (b) Payroll 5(a) hereof, payroll deductions for a Participant participant shall commence on the first payday payroll following the Enrollment Date and shall end on the last payday payroll in the Offering Period with respect to which such authorization is applicable, unless sooner terminated by the Participant participant as provided in Section 10 of the Plan. (c) hereof. (d) During a Participant's leave of absence approved by the Participant's Employer Company or a Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), such Participant 1.421-1(h)(2), a participant may continue to participate in the Plan by making cash payments to the Company on each payday pay day equal to the amount of the Participant's participant's payroll deductions under the Plan for the payday pay day immediately preceding the first day of such Participant's participant's leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), 1.421-1(h)(2), the Participant participant will cease automatically cease to participate in the Plan and may not make any further contributions to the Plan hereunder. Plan. In such event, the Company will automatically cease to deduct the Participant's participant's payroll under the Plan. The Company will pay to the Participant participant his or her total payroll deductions for the Offering Period, in cash in one lump sum (without interest), as soon as practicable after the Participant participant ceases to participate in the Plan. (d) The (e) A participant's completion of a subscription agreement(s) used agreement will enroll such participant in connection with the Plan shall be for each successive Offering Period on the terms contained therein until the participant either submits a new subscription agreement, withdraws from participation under the Plan as provided in a form prescribed by Section 10 hereof or otherwise becomes ineligible to participate in the Committee, and the Committee may, in its sole discretion, determine whether such agreement shall be submitted in written or electronic form. Plan. View More
