Payroll Deductions. (a) At the time a Participant files a subscription agreement, the Participant shall elect to have payroll deductions made during the Offer Period in amounts equal to or greater than one percent (1%) but not exceeding ten percent (10%) of the Compensation which the Participant receives during the Offer Period. Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period in amounts up to twenty percent (20%) of the Compensation which the Participant rec
...eives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) All payroll deductions made for a Participant shall be credited to the Participant's account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company a change of status notice in the form of Exhibit B to this Plan (or such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall be effective with the first full payroll period commencing five (5) business days after the Company's receipt of the change of status notice unless the Company elects to process a given change in participation more quickly. A Participant's subscription agreement (as modified by any change of status notice) shall remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall be authorized to limit the number of payroll deduction rate changes during any Offer Period. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, a Participant's payroll deductions shall be decreased to 0%. Payroll deductions shall recommence at the rate provided in such Participant's subscription agreement, as amended, at the time when permitted under Section 423(b)(8) of the Code and Section 3(b) herein, unless such participation is sooner terminated by the Participant as provided in Section 10. (e) At the time the option is exercised, in whole or in part, or at the time any of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other disposition of Common Stock by the Employee.
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Payroll Deductions.
(a) At (a)At the time a Participant files
a his or her subscription agreement,
the Participant he or she shall elect to have payroll deductions made
on each pay day during the
Offer Offering Period in
amounts equal to or greater than one percent (1%) but an amount not exceeding
ten percent (10%) of the Compensation which the Participant receives during the Offer Period. Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period in amounts up to twen
...ty percent (20%) of the Compensation which he or she receives on each pay day during the Offering Period. (b)Payroll deductions for a Participant shall commence on the first payroll following the Enrollment Date and shall end on the last payroll in the Offering Period to which such authorization is applicable, unless sooner terminated by the Participant receives during the Offer Period. Such payroll deductions shall be as provided in whole percentages only. -5- (b) All Section 10 hereof. (c)All payroll deductions made for a Participant shall be credited to the Participant's his or her account under the Plan and will shall be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) A (d)A Participant may discontinue his or her participation in the Plan as provided in Section 10, 10 hereof, or may (i) increase or decrease the rate of his or her payroll deductions during a Purchase Date Offering Period, or (ii) only decrease the Offer Period rate of his or her payroll deductions during a Look-Back Offering Period, in either case by (A) properly completing and filing with submitting to the Company Company's payroll office (or its designee), on or before a date prescribed by the Board prior to an applicable Exercise Date, a new subscription agreement authorizing a change of status notice in payroll deduction rate in the form of Exhibit B provided by the Board for such purpose, or (B) following an electronic or other procedure prescribed by the Board. If a Participant has not followed such procedures to this Plan (or such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in change the rate of a Participant's payroll deductions, the rate of his or her payroll deductions shall continue at the originally elected rate throughout the Offering Period and future Offering Periods (unless terminated as provided in Section 10). The Board may, in its discretion, limit the number of payroll deduction rate changes that may be made by Participants during any Offering Period, and may establish such other conditions or limitations as it deems appropriate for Plan administration. Any change in payroll deduction rate made pursuant to this Section 6(d) shall be effective with the first full payroll period commencing following five (5) business days after the Company's receipt of the change of status notice new subscription agreement unless the Company Company, in its sole discretion, elects to process a given change in participation payroll deduction rate more quickly. A Participant's subscription agreement (as modified by any change of status notice) shall remain in effect for successive Offer Offering Periods unless terminated as provided in Section 10 The Administrator shall be authorized to limit hereof; provided, however, that in the number event a Participant changes his or her rate of payroll deduction deductions during an Offering Period to zero percent (0%) and does not withdraw pursuant to Section 10 prior to the beginning of the subsequent Offering Period, the Participant's payroll deductions shall recommence for the subsequent Offering Period at the rate changes during any Offer originally elected by the Participant as of the beginning of the prior Offering Period. (d) Notwithstanding (e)Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, hereof, a Participant's payroll deductions shall may be decreased to 0%. Payroll deductions shall recommence zero percent (0%) at the rate provided in such Participant's subscription agreement, as amended, at the any time when permitted under during an Offering Period. Subject to Section 423(b)(8) of the Code and Section 3(b) herein, hereof, payroll deductions shall recommence at the rate originally elected by the Participant effective as of the beginning of the first Offering Period which is scheduled to end in the following calendar year, unless such participation is sooner terminated by the Participant as provided in Section 10 (e) At hereof. (f)At the time the option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock issued under the Plan is disposed of, the participant Participant must make adequate provision for amounts not in excess of the Company's minimum statutory federal, state, or any other tax liability payable to any authority, national insurance, social security or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company or the employing Designated Subsidiary, as applicable, may, but shall not be obligated to, withhold from the participant's Participant's compensation amounts not in excess of the amount necessary for the Company to meet applicable minimum statutory withholding obligations, including any withholding required to make available to the Company or the employing Designated Subsidiary, as applicable, any tax deductions or benefits attributable to sale or other early disposition of Common Stock by the Eligible Employee. If the Company allows the Participant to settle such tax withholding obligations by remitting to the Company shares of Common Stock issued upon exercise, then the Participant may not elect to withhold amounts in excess of the applicable minimum statutory federal, state, or other tax obligations withheld at the time of exercise or disposal.
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Payroll Deductions. (a) At the time a
Participant files a subscription agreement, the Participant participant enrolls in an Offering, he or she shall elect to have payroll deductions made
on each pay day during the
Offer Offering Period
for that Offering in
amounts equal to or greater than one percent (1%) but an amount not exceeding
ten percent (10%) of the Compensation which the Participant receives during the Offer Period. Prior to April 1, 2006, a Participant could elect to have payroll deductions made during t...he Offer Period in amounts up to twenty percent (20%) of the Compensation which the Participant he or she receives on each pay day during the Offer Offering Period. Such payroll deductions Notwithstanding the foregoing, this Section 6(a) and the Compensation definition in Section 2(e) shall be in whole percentages only. -5- only apply to the portion of the Offering Period that occurs on or following the Effective Date and all Offering Periods thereafter. (b) All payroll deductions made for a Participant participant shall be credited to the Participant's his or her account under the Plan and will shall be withheld in whole percentages only. A Participant participant may not make any additional payments into such account. (c) A Participant participant may discontinue his or her participation in an Offering under the Plan as provided in Section 10, 10 hereof, or may increase or decrease the rate of his or her payroll deductions during the Offer Offering Period by completing and filing with the Company a an authorization to change of status notice in the form of Exhibit B payroll deduction rate pursuant to this Plan (or such other form or method (including electronic forms) as the Administrator may designate process prescribed by the Company from time to time) authorizing an increase or decrease time. The Administrator may, in its discretion, limit the payroll deduction rate. Any increase or decrease number of participation rate changes during any Offering Period. The change in the rate of a Participant's payroll deductions shall be effective with the first full payroll period commencing five (5) business days after the Company's receipt of the change of status notice new authorization unless the Company elects to process a given change in participation more quickly. A Participant's subscription agreement (as modified by any change Upon conclusion of status notice) an Offering in which a participant was participating, the participant's enrollment terms and conditions shall remain automatically apply and the participant shall be enrolled in effect for successive Offer Periods the next scheduled Offering, unless and until participation is terminated as provided in pursuant to Section 10 The Administrator shall be authorized to limit the number of payroll deduction rate changes during any Offer Period. hereof. 5 (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, hereof, a Participant's participant's payroll deductions shall may be decreased to 0%. zero percent (0%) at such time during any Current Purchase Period that the aggregate of all payroll deductions which were previously used to purchase stock under the Plan in a prior Purchase Period which ended during that calendar year plus all payroll deductions accumulated with respect to the Current Purchase Period equal twenty-one thousand, two hundred fifty dollars ($21,250) or at any time the limit set forth in Section 423(b)(8) of the Code is likely to be exceeded but for such decrease. Payroll deductions shall recommence at the rate provided in previously elected by such Participant's subscription agreement, as amended, participant at the time when permitted under Section 423(b)(8) beginning of the Code and Section 3(b) herein, first Purchase Period which is scheduled to end in the following calendar year, unless such participation is sooner terminated by the Participant participant as provided in Section 10 hereof. (e) At the time the option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, obligations of the participant's employer (whether the Company or a Designated Subsidiary), if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company employer may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company employer to meet applicable withholding obligations, including any withholding required to make available to the Company employer any tax deductions or benefits attributable to participating in an Offering or sale or other early disposition of Common Stock by the Employee. participant.
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Payroll Deductions.
(a) A. At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant
shall will elect to have payroll deductions made during the Offer Period in amounts
equal to or greater than between one percent (1%)
but and not exceeding
ten fifteen percent
(10%) (15%) of the Compensation which the Participant receives during the Offer
Period. Prior to April 1, 2006, a Participant could elect to have Period, provided that the Participant's aggregate payroll deductions
made du
...ring the Offer Period in amounts up to twenty percent (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) may not exceed $7,500. B. All payroll deductions made for a Participant shall will be credited to the Participant's account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) C. A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company submitting notice of a change of status notice in the form of Exhibit B to this Plan (or (using such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall will be effective with as soon as administratively practicable following the first full payroll period commencing five (5) business days after the Company's receipt date of the change of status notice unless the Company elects to process a given change in participation more quickly. request. A Participant's subscription agreement payroll deduction authorization (as modified by any change of status notice) shall will remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall will be authorized to limit the number of payroll deduction rate changes during any Offer Period. (d) D. Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, 3.B, a Participant's payroll deductions shall will be decreased to 0%. zero 6 percent (0%). Payroll deductions shall will recommence at the rate provided in such Participant's subscription agreement, payroll deduction authorization, as amended, at the time when permitted under Section 423(b)(8) of the Code and Section 3(b) herein, 3.B, unless such participation is sooner terminated by the Participant as provided in Section 10. (e) At the time the option is exercised, in whole or in part, or at the time any of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the
Participant shall Plan pursuant to Section 5, he or she will elect to have payroll deductions made
on each pay day during the
Offer Offering Period in
amounts equal to or greater than one percent (1%) but an amount not exceeding ten percent (10%) of the Compensation which
he or she receives on each pay day during the Offering Period. A Participant's subscription agreement will remain in effect for successive Offering Pe...riods unless terminated as provided in Section 11 hereof. (b) Payroll deductions for a Participant will commence on the first pay day following the Offering Date and will end on the last pay day prior to the applicable Exercise Date of such Offering Period to which such authorization is applicable, unless sooner terminated by the Participant receives during the Offer Period. Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period as provided in amounts up to twenty percent (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) Section 11 hereof. (c) All payroll deductions made for a Participant shall will be credited to the Participant's his or her account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) (d) A Participant may discontinue his or her participation in the Plan as provided in Section 10, or 11. If permitted by the Administrator, as determined in its sole discretion, for an Offering Period, a Participant may increase or decrease the rate of his or her payroll deductions during the Offer Offering Period by (i) properly completing and filing with submitting to the Company Company's payroll office (or its -5- designee), on or before a date prescribed by the Administrator prior to an applicable Exercise Date, a new subscription agreement authorizing the change of status notice in payroll deduction rate in the form of Exhibit B to this Plan (or such other form or method (including electronic forms) as provided by the Administrator may designate from time for such purpose, or (ii) following an electronic or other procedure prescribed by the Administrator. If a Participant has not followed such procedures to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in change the rate of a Participant's payroll deductions, the rate of his or her payroll deductions shall will continue at the originally elected rate throughout the Offering Period and future Offering Periods (unless terminated as provided in Section 11). The Administrator may, in its sole discretion, limit the nature and/or number of payroll deduction rate changes that may be made by Participants during any Offering Period. Any change in payroll deduction rate made pursuant to this Section 6(d) will be effective with as of the first full payroll period commencing following five (5) business days after the Company's receipt of date on which the change of status notice unless is made by the Company Participant (unless the Administrator, in its sole discretion, elects to process a given change in participation more quickly. A Participant's subscription agreement (as modified by any change of status notice) shall remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall be authorized to limit the number of payroll deduction rate changes during any Offer Period. (d) more quickly). (e) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, 3(c), a Participant's payroll deductions shall may be decreased to 0%. Payroll deductions shall recommence zero percent (0%) at the rate provided in such Participant's subscription agreement, as amended, at the any time when permitted under during an Exercise Period. Subject to Section 423(b)(8) of the Code and Section 3(b) herein, 3(c) hereof, payroll deductions will recommence at the rate originally elected by the Participant effective as of the beginning of the first Exercise Period which is scheduled to end in the following calendar year, unless such participation is sooner terminated by the Participant as provided in Section 10. (e) 11. (f) At the time the option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock issued under the Plan is disposed of, the participant Participant must make adequate provision for the Company's or Employer's federal, state, or any other tax liability payable to any authority, national insurance, social security or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company or the Employer may, but shall will not be obligated to, withhold from the participant's Participant's compensation the amount necessary for the Company or the Employer to meet applicable withholding obligations, including any withholding required to make available to the Company or the Employer any tax deductions or benefits attributable to sale or other early disposition of Common Stock by the Eligible Employee.
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Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant
shall will elect to have payroll deductions made during the Offer Period in amounts
equal to or greater than between one percent (1%)
but and not exceeding
ten fifteen percent
(10%) (15%) of the Compensation which the Participant receives during the Offer Period.
Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period in amounts up to twenty percent... (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) All payroll deductions made for a Participant shall will be credited to the Participant's account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. 6 (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company submitting notice of a change of status notice in the form of Exhibit B to this Plan (or (using such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall will be effective with as soon as administratively practicable following the first full payroll period commencing five (5) business days after the Company's receipt date of the change of status notice unless the Company elects to process a given change in participation more quickly. request. A Participant's subscription agreement payroll deduction authorization (as modified by any change of status notice) shall will remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall will be authorized to limit the number of payroll deduction rate changes during any Offer Period. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section Sections 3(b) and 7 herein, a Participant's payroll deductions shall will be decreased to 0%. zero percent (0%). Payroll deductions shall will recommence at the rate provided in such Participant's subscription agreement, payroll deduction authorization, as amended, at the time when permitted under Section 423(b)(8) of the Code and Section Sections 3(b) herein, and 7, unless such participation is sooner terminated by the Participant as provided in Section 10. (e) At the time the option is exercised, in whole or in part, or at the time any of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant
shall will elect to have payroll deductions made during the Offer Period in amounts
equal to or greater than between one percent (1%)
but and not exceeding
ten fifteen percent
(10%) (15%) of the Compensation which the Participant receives during the Offer Period.
Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period in amounts up to twenty percent... (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) All payroll deductions made for a Participant shall will be credited to the Participant's account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. 6 (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company submitting notice of a change of status notice in the form of Exhibit B to this Plan (or (using such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall will be effective with as soon as administratively practicable following the first full payroll period commencing five (5) business days after the Company's receipt date of the change of status notice unless the Company elects to process a given change in participation more quickly. request. A Participant's subscription agreement payroll deduction authorization (as modified by any change of status notice) shall will remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall will be authorized to limit the number of payroll deduction rate changes during any Offer Period. Notwithstanding anything to the contrary in this Plan, the Administrator may permit purchases on the Exercise Date of the initial Purchase Period to be made by a lump sum cash payment. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section Sections 3(b) and 7 herein, a Participant's payroll deductions shall will be decreased to 0%. zero percent (0%). Payroll deductions shall will recommence at the rate provided in such Participant's subscription agreement, payroll deduction authorization, as amended, at the time when permitted under Section 423(b)(8) of the Code and Section 3(b) herein, 3(b), unless such participation is sooner terminated by the Participant as provided in Section 10. (e) At the time the option is exercised, in whole or in part, or at the time any of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant
shall will elect to have payroll deductions made during the Offer Period in amounts
equal to or greater than between one percent (1%)
but and not exceeding
ten fifteen percent
(10%) (15%) of the Compensation which the Participant receives during the Offer Period.
Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period in amounts up to twenty percent... (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) All payroll deductions made for a Participant shall will be credited to the Participant's account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company submitting notice of a change of status notice in the form of Exhibit B to this Plan (or (using such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall 6 will be effective with as soon as administratively practicable following the first full payroll period commencing five (5) business days after the Company's receipt date of the change of status notice unless the Company elects to process a given change in participation more quickly. request. A Participant's subscription agreement payroll deduction authorization (as modified by any change of status notice) shall will remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall will be authorized to limit the number of payroll deduction rate changes during any Offer Period. Notwithstanding anything to the contrary in this Plan, the Administrator may permit purchases on the Exercise Date of the initial Purchase Period to be made by a lump sum cash payment. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section Sections 3(b) and 7 herein, a Participant's payroll deductions shall will be decreased to 0%. zero percent (0%). Payroll deductions shall will recommence at the rate provided in such Participant's subscription agreement, payroll deduction authorization, as amended, at the time when permitted under Section 423(b)(8) of the Code and Section 3(b) herein, 3(b), unless such participation is sooner terminated by the Participant as provided in Section 10. (e) At the time the option is exercised, in whole or in part, or at the time any of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a
Participant files a subscription agreement, participant enrolls in the
Participant shall Plan pursuant to Section 5, he or she will elect to have payroll deductions made
on each pay day during the
Offer Offering Period in
amounts equal to or greater than one percent (1%) but an amount not exceeding ten percent (10%) of the Compensation which
the Participant he or she receives
on each pay day during the
Offer Offering Period.
Prior The Administrator, in its discretion, may decid...e that an Employee may submit contributions to April 1, 2006, the Non-Section 423(b) Plan by means other than payroll deductions. A participant's subscription agreement will remain in effect for successive Offering Periods unless terminated as provided in Section 10 hereof. (b) Payroll deductions for a Participant could elect participant will commence on the first pay day following the Offering Date and will end on the last pay day prior to have payroll deductions made during the Offer Exercise Date of such Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in amounts up to twenty percent (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) Section 10 hereof. (c) All payroll deductions made for a Participant shall participant will be credited to the Participant's his or her account under the Plan and will be withheld in whole percentages only. A Participant participant may not make any additional payments into such account. (c) (d) A Participant participant may discontinue his or her participation in the Plan as provided in Section 10, or may increase or decrease the rate of his or her payroll deductions during the Offer Offering Period by (i) properly completing and filing with submitting to the Company Company's payroll office (or its designee), on or before a date prescribed by the Administrator prior to an applicable Exercise Date, a new subscription agreement authorizing the change of status notice in payroll deduction rate in the form of Exhibit B to this Plan (or such other form or method (including electronic forms) as provided by the Administrator may designate from time for such purpose, or (ii) following an electronic or other procedure prescribed by the Administrator. If a participant has not followed such procedures to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in change the rate of a Participant's payroll deductions, the rate of his or her payroll deductions shall will continue at the originally elected rate throughout the Offering Period and future Offering Periods (unless terminated as provided in Section 6(d)). The Administrator may, in its sole discretion, limit the nature and/or number of payroll deduction rate changes that may be made by participants during any Offering Period. Any change in payroll deduction rate made pursuant to this Section 6(d) 0 will be effective with as of the first full payroll period commencing following five (5) business days after the Company's receipt of date on which the change of status notice unless is made by the Company elects to process a given change in participation more quickly. A Participant's subscription agreement (as modified by any change of status notice) shall remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall be authorized to limit the number of payroll deduction rate changes during any Offer Period. (d) participant. (e) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, 3(b), a Participant's participant's payroll deductions shall may be decreased to 0%. Payroll deductions shall recommence zero percent (0%) at the rate provided in such Participant's subscription agreement, as amended, at the any time when permitted under during an Offering Period. Subject to Section 423(b)(8) of the Code and Section 3(b) herein, hereof, payroll deductions will recommence at the rate originally elected by the participant effective as of the beginning of the first Offering Period which is scheduled to end in the following calendar year, unless such participation is sooner terminated by the Participant participant as provided in Section 10. (e) (f) At the time the option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's or Employer's 4 federal, state, or any other tax withholding liability payable to any authority, national insurance, social security or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company or the Employer may, but shall will not be obligated to, withhold from the participant's compensation the amount necessary for the Company or the Employer to meet applicable withholding obligations, including any withholding required to make available to the Company or the Employer any tax deductions or benefits attributable to the sale or other early disposition of Common Stock by the Employee.
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Payroll Deductions.
(a) At the time a Participant
files a subscription agreement, enrolls in the
Participant Plan, he or she shall elect to have payroll deductions made
on each pay day during the
Offer Offering Period in
amounts equal to or greater than one percent (1%) but an amount not exceeding
ten fifteen percent
(10%) (15%) of the Compensation which
the Participant he or she receives
on each pay day during the
Offer Offering Period.
Prior to April 1, 2006, a Participant could elect to Except for the foregoing ...sentence, all eligible Employees shall have payroll deductions made during the Offer Period in amounts up to twenty percent (20%) of same rights and privileges under the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) Plan. All payroll deductions made for a Participant shall be credited to the Participant's his or her account under the Plan and will shall be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company a change of status notice in the form of Exhibit B to this Plan (or such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall be effective with the first full payroll period commencing five (5) business days after the Company's receipt of the change of status notice unless the Company elects to process a given change in participation more quickly. (a) A Participant's subscription agreement (as modified by any change of status notice) election shall remain in effect for successive Offer Offering Periods unless terminated or the Participant withdraws as provided in Section 10 The Administrator shall be authorized hereof. During an Offering Period, a Participant may elect to limit reduce his or her payroll deductions to zero percent (0%), but he or she may not otherwise change the number of payroll deduction rate changes percentage during any Offer an Offering Period. (d) Amounts deducted prior to an election to reduce his or her payroll deductions to zero shall not be refunded to the Participant unless he or she specifically withdraws under Section 10. In accordance with procedures established by the Company from time to time, a Participant must re-enroll in the Plan if he or she reduces his or her payroll deductions to zero or withdraws under Section 10. 4 (b) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, hereof, the Company may decrease a Participant's payroll deductions shall be decreased to 0%. zero percent (0%) at any time during an Offering Period. Payroll deductions shall recommence at the rate provided in such Participant's subscription agreement, as amended, agreement at the beginning of the first Offering Period which is scheduled to end in the following calendar year (or such earlier time when as permitted under Section 423(b)(8) of the Code and Section 3(b) herein, Code), unless such participation is sooner terminated by the Participant as provided in Section 10 (e) hereof. (c) At the time the option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock issued under the Plan is disposed of, the participant Participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's Participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other early disposition of Common Stock by the Employee. Participant.
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Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant
shall will elect to have payroll deductions made during the Offer Period in amounts
equal to or greater than between one percent (1%)
but and not exceeding
ten fifteen percent
(10%) (15%) of the Compensation which the Participant receives during the Offer Period.
Prior to April 1, 2006, a Participant could elect to have payroll deductions made during the Offer Period in amounts up to twenty percent... (20%) of the Compensation which the Participant receives during the Offer Period. Such payroll deductions shall be in whole percentages only. -5- (b) All payroll deductions made for a Participant shall will be credited to the Participant's account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions during the Offer Period by completing and filing with the Company submitting notice of a change of status notice in the form of Exhibit B to this Plan (or (using such other form or method (including electronic forms) as the Administrator may designate from time to time) authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of a Participant's payroll deductions shall will be effective with as soon as administratively practicable following the first full payroll period commencing five (5) business days after the Company's receipt date of the change of status notice unless the Company elects to process a given change in participation more quickly. request. A Participant's subscription agreement payroll deduction authorization (as modified by any change of status notice) shall will remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Administrator shall will be authorized to limit the number of payroll deduction rate changes during any Offer Period. Notwithstanding anything to the contrary in this Plan, the Administrator may permit purchases on the Exercise Date of the initial Purchase Period to be made by a lump sum cash payment. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section Sections 3(b) and 7 herein, a Participant's payroll deductions shall will be decreased to 0%. zero percent (0%). Payroll deductions shall will recommence at the rate provided in such Participant's subscription agreement, payroll deduction authorization, as amended, at the time when permitted under Section 423(b)(8) of the Code and Section 3(b) herein, 3(b), unless such participation is sooner terminated by the Participant as provided in Section 10. (e) At the time the option is exercised, in whole or in part, or at the time any of the Company's Common Stock issued under the Plan is disposed of, the participant must make adequate provision for the Company's federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold from the participant's compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or other disposition of Common Stock by the Employee.
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