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.
View More
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 to April 1, 2006, a Participant could elect to have payroll deductions m...ade 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, 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, 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 a Purchase 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.
View More
Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant shall 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 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 Compe...nsation 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 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 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 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. 4 (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, 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.
View More
Payroll Deductions. (a) At the time a Participant
files a subscription agreement, enrolls in the Plan, the Participant shall 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 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 Compe...nsation 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 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 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 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%. zero percent (0%). Payroll deductions shall 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.
View More
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 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 payroll deduct...ions 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 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) 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. 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. (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.
View More
