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 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. (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 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 an amount not less than one percent (1%)
but and not
exceeding more than ten percent (10%) of the
Compensation which participant's Compensation, with such amount designated in integral multiples of one percent (1%); provided, however, that the
Participant receives ...during the Offer Period. Prior to April 1, 2006, a Participant could elect to have aggregate of such payroll deductions made during the Offer any Offering Period in amounts up to twenty shall not exceed ten percent (20%) (10%) of the participant's aggregate Compensation which the Participant receives during the Offer such Offering Period. Such payroll deductions shall be in whole percentages only. -5- (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 the Plan as provided in Section 10, or may increase or decrease the rate of his or her payroll deductions during as provided in this Section 6(c). A participant may increase the Offer Period by completing and filing rate of his or her payroll deductions only as of the beginning of a Purchase Period. Such increase shall take effect with the Company first payroll following the beginning of the new Purchase Period provided the participant has completed and delivered to the Company's stock administrator a change of status notice new subscription agreement authorizing the increase in the form payroll deduction rate at least ten (10) business days prior to the beginning of Exhibit B the new Purchase Period. A participant may decrease the rate of his or her payroll deductions each month. Any decrease shall become effective as of the first payroll of the next calendar month following the date that the participant completes and delivers to this Plan (or such other form or method (including electronic forms) as the Administrator may designate from time to time) Company's stock administrator a new subscription agreement authorizing an increase or the decrease in the payroll deduction rate. Any increase or decrease in However, if the rate of a Participant's payroll deductions shall be effective with the first full payroll period commencing subscription agreement is not received at least five (5) business days after prior to such payroll, the Company's receipt decrease shall become effective as of the change first payroll of status notice unless the Company elects second succeeding calendar month. The Administrator may, in its discretion, limit the number of participation rate changes during any Offering Period. Subject to process the foregoing, a given change in participation more quickly. A Participant's 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 the number of payroll deduction rate changes during any Offer Period. hereof. (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 3 percent (0%) at any time during a Purchase Period. Such a decrease shall not be treated as a withdrawal from the Plan subject to Section 10, unless the participant elects to withdraw pursuant to Section 10. Payroll deductions shall recommence at the rate provided in such Participant's participant's subscription agreement, as amended, agreement 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 elects to withdraw from the Plan 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, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company or a Designated Subsidiary, as applicable, 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 early disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a
Participant 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 an amount not less than one percent (1%)
but and not
exceeding more than ten percent (10%) of the
Compensation which participant's Compensation, with such amount designated in integral multiples of one percent (1%); provided, however, that the
Participant receives ...during the Offer Period. Prior to April 1, 2006, a Participant could elect to have aggregate of such payroll deductions made during the Offer any Offering Period in amounts up to twenty shall not exceed ten percent (20%) (10%) of the participant's aggregate Compensation which the Participant receives during the Offer such Offering Period. Such payroll deductions shall be in whole percentages only. -5- (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 the Plan as provided in Section 10, or may increase or decrease the rate of his or her payroll deductions during as provided in this Section 6(c). A participant may increase the Offer Period by completing and filing rate of his or her payroll deductions only as of the beginning of a Purchase Period. Such increase shall take effect with the Company first payroll following the beginning of the new Purchase Period provided the participant has completed and delivered to the Company's stock administrator a change of status notice new subscription agreement authorizing the increase in the form payroll deduction rate at least ten (10) business days prior to the beginning of Exhibit B the new Purchase Period. A participant may decrease the rate of his or her payroll deductions each month. Any decrease shall become effective as of the first payroll of the next calendar month following the date that the participant completes and delivers to this Plan (or such other form or method (including electronic forms) as the Administrator may designate from time to time) Company's stock administrator a new subscription agreement authorizing an increase or the decrease in the payroll deduction rate. Any increase or decrease in However, if the rate of a Participant's payroll deductions shall be effective with the first full payroll period commencing subscription agreement is not received at least five (5) business days after prior to such payroll, the Company's receipt decrease shall become effective as of the change first payroll of status notice unless the Company elects second succeeding calendar month. The Administrator may, in its discretion, limit the number of participation rate changes during any Offering Period. Subject to process the foregoing, a given change in participation more quickly. A Participant's 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 the number of payroll deduction rate changes during any Offer Period. hereof. (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 any time during a Purchase Period. Such a decrease shall not be treated as a withdrawal from the Plan subject to Section 10, unless the participant elects to withdraw pursuant to Section 10. Payroll deductions shall recommence at the rate provided in such Participant's participant's subscription agreement, as amended, agreement 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 elects to withdraw from the Plan as provided in Section 10 hereof. 3 (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, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company or a Designated Subsidiary, as applicable, 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 early disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a Participant files a subscription agreement,
the such Participant shall elect to have payroll deductions made
on each payday (such amount to be deducted after any applicable deduction for tax and other withholding) during the
Offer Offering Period in
amounts equal to or greater than an amount from 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 ha...ve payroll deductions made during the Offer Period in amounts up to twenty percent (20%) of the Compensation which the Participant receives on each pay day during the Offer Offering 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 his or her account under the Plan and will shall be withheld in whole percentages only. A Except as described in Section 5(c) of the Plan, a Participant may not make any additional payments into such account. (c) A Participant may discontinue his or her participation in the Plan as provided in Section 10, or 10 of the Plan. A Participant may not increase or decrease the rate of his or her 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 Offering Period. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, of the Plan, 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 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. during an Offering Period. 5 (e) At the time the option an Option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock Shares issued under the Plan is are disposed of, the participant Participant must make adequate provision for the Company's any foreign, federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option Option or the disposition of the Common Stock. Shares. At any time, the Company may, but shall not be obligated to, withhold from all of 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 the sale or other early disposition of Common Stock Shares by the Employee. Participant.
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Payroll Deductions. (a) At the time a Participant files a subscription agreement,
the such Participant shall elect to have payroll deductions made
on each payday (such amount to be deducted after any applicable deduction for tax and other withholding) during the
Offer Offering Period in
amounts equal to or greater than an amount from 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 ha...ve payroll deductions made during the Offer Period in amounts up to twenty percent (20%) of the Compensation which the Participant receives on each pay day during the Offer Offering 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 his or her account under the Plan and will shall be withheld in whole percentages only. A Except as described in Section 5(c) of the Plan, a Participant may not make any additional payments into such account. (c) A Participant may discontinue his or her participation in the Plan as provided in Section 10, or 10 of the Plan. A Participant may not increase or decrease the rate of his or her 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 Offering Period. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, of the Plan, 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 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. during an Offering Period. (e) At the time the an option is exercised, in whole or in part, or at the time any some or all of the Company's Common Stock Shares issued under the Plan is are disposed of, the participant Participant must make adequate provision for the Company's any foreign, U.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. Shares. At any time, the Company may, but shall not be obligated to, withhold from all of 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 the sale or other early disposition of Common Stock Shares by the Employee. Participant.
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Payroll Deductions. (a) At the time a
Participant 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 an amount from one percent (1%)
but not exceeding ten to 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 have payrol...l 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 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 Except as described in Section 5(a) hereof, a participant may not make any additional payments into such account. (c) 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 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, 3(c) hereof, 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 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. during an Offering Period. (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, 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 early disposition of Common Stock by the Employee.
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Payroll Deductions. (a) At the time a
Participant 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 he or she receives
on each pay day during the
Offer Period. Prior to April 1, 2006, a Participant could elect to have Offering Period, and the aggregate of... such payroll deductions made during the Offer Offering Period in amounts up to twenty shall not exceed ten percent (20%) (10%) of the participant's Compensation which the Participant receives during the Offer said Offering Period. Such payroll deductions shall be in whole percentages only. -5- (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 be credited 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 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 or filing with the Company a new subscription agreement authorizing 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 The Board may, in its discretion, limit the number of participation rate of a Participant's payroll deductions changes during any Offering Period. The change in rate 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 elects to process a given change in participation more quickly. A Participant's 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 the number of payroll deduction rate changes during any Offer Period. hereof. (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) 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%. 0% at such time during any Purchase Period which is scheduled to end during the current calendar year (the "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 $21,250. Payroll deductions shall recommence at the rate provided in such Participant's participant's subscription agreement, as amended, agreement 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. 4 (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, 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 will not be obligated to, withhold from the participant's compensation cooperation the amount necessary for the Company to meet most 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.
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Payroll Deductions. (a) At the time a
Participant 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%) 10% of the Compensation which
the Participant he or she receives
on each pay day during the
Offer Period. Prior to April 1, 2006, Offering Period; provided, however, that should a
Participant could... elect to pay day occur on an Exercise Date, a participant shall have the payroll deductions made during on such day applied to his or her account under the Offer immediately following Offering Period. A participant's subscription agreement shall remain in effect for successive Offering Periods unless terminated as provided in Section 10 hereof. (b) Payroll deductions for a participant shall commence on the first payday following the Offering Date and shall end on the last payday in the 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. 4 (c) 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. 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 permit the participants to contribute to the Plan by such other means as determined by the Administrator. Any reference to "payroll deductions" in this Section (or in any other Section of the Plan) shall similarly cover contributions by other means made pursuant to this Section 6. (d) A Participant may not make any additional payments into such account. (c) A Participant participant may discontinue his or her participation in 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 or filing with the Company a new subscription agreement authorizing 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 The Administrator may, in its discretion, limit the nature and/or number of participation rate of a Participant's payroll deductions changes during any Offering Period. The change in rate shall be effective with the first full payroll period commencing occurring five (5) business days after the Company's receipt of the change of status notice new subscription agreement 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) (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 participant's payroll deductions shall may 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, originally elected by the participant effective as amended, at the time when permitted under Section 423(b)(8) of the Code and Section 3(b) herein, 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) 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 must make adequate provision for the Company's federal, state, or 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 Company, as applicable, 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 or the employing Designated Company, as applicable, 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 (a)At the time a
Participant 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 an amount from one percent (1%)
but not exceeding to 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 sole discretion, may permit all particip...ants in a specified Offering to April 1, 2006, a Participant could elect contribute amounts to have payroll deductions made during the Offer Period Plan through payment by cash, check or other means set forth in amounts up the subscription agreement prior to twenty percent (20%) each Exercise Date of the Compensation which the Participant receives during the Offer each Purchase Period. Such payroll deductions shall be in whole percentages only. -5- (b) All (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 (c)A participant may discontinue his or her participation in 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 or filing with the Company a new subscription agreement authorizing 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 The Administrator may, in its discretion, limit the number of participation rate of a Participant's payroll deductions changes during any Offering Period. The change in rate 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 unless the Company elects to process a given change in participation more quickly. A Participant's new subscription agreement (as modified (or such shorter or longer period as may be determined by any change of status notice) shall remain the Administrator, 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 its sole discretion). (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%. 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 a Purchase 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 Purchase Period scheduled to end in the following calendar year, unless such participation is sooner terminated by the Participant participant as provided in Section 10. (e) At 7 (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, 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 early disposition of Common Stock by the Employee. In addition, the Company or the Employer may, but will not be obligated to, withhold from the proceeds of the sale of Common Stock or any other method of withholding the Company or the Employer deems appropriate to the extent permitted by Treasury Regulation Section 1.423‐2(f).
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Payroll Deductions. (a) At the time a
Participant 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 an amount from one percent (1%)
but not exceeding to 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 sole discretion, may permit all participants i...n a specified Offering to April 1, 2006, a Participant could elect contribute amounts to have payroll deductions made during the Offer Period Plan through payment by cash, check or other means set forth in amounts up the subscription agreement prior to twenty percent (20%) each Exercise Date of the Compensation which the Participant receives during the Offer each Purchase Period. Such payroll deductions shall be in whole percentages only. -5- 6 (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 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 or filing with the Company a new subscription agreement authorizing 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 The Administrator may, in its discretion, limit the number of participation rate of a Participant's payroll deductions changes during any Offering Period. The change in rate 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 unless the Company elects to process a given change in participation more quickly. A Participant's new subscription agreement (as modified (or such shorter or longer period as may be determined by any change of status notice) shall remain the Administrator, 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. its sole discretion). (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%. 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 a Purchase 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 Purchase Period scheduled to end in the following calendar year, unless such participation is sooner terminated by the Participant participant as provided in Section 10. (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, 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 early disposition of Common Stock by the Employee. In addition, the Company or the Employer may, but will not be obligated to, withhold from the proceeds of the sale of Common Stock or any other method of withholding the Company or the Employer deems appropriate to the extent permitted by Treasury Regulation Section 1.423-2(f).
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