Amount of Payroll Deductions. An Eligible Employee shall designate during the enrollment process the portion of his or her Compensation that he or she elects to have withheld for the purchase of Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than one percent (1%) nor more than fifteen percent (15%) (or such lower rate of Compensation specified as the limit in the terms and conditions of the applicable Offering).
Appears in 2 contracts
Samples: Employee Stock Purchase Plan (Lucid Group, Inc.), Employee Stock Purchase Plan (Lucid Group, Inc.)
Amount of Payroll Deductions. An Eligible Employee shall designate during the enrollment process the portion of his or her Compensation that he or she such Eligible Employee elects to have withheld for the purchase of Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than one percent (1%) % nor more than fifteen percent (15%) % (or such lower rate of Compensation specified as the limit in the terms and conditions of the applicable Offering).
Appears in 1 contract
Samples: Business Combination Agreement and Plan of Merger (SC Health Corp)
Amount of Payroll Deductions. An Eligible Employee shall designate during the enrollment process the portion of his or her the Eligible Employee’s Compensation that he or she the Eligible Employee elects to have withheld for the purchase of Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than one percent (1%) % nor more than fifteen percent (15%) % (or such lower rate of Compensation specified as the limit in the terms and conditions of the applicable Offering).
Appears in 1 contract
Samples: Business Combination Agreement (Pathfinder Acquisition Corp)
