Eligible Employee Defined Sample Clauses


Eligible Employee Defined. Except as otherwise required by Code Section 423 or other applicable law, an Employee shall be considered an Eligible Employee for purposes of participation in the Plan on the first date such Employee has completed at least six months of service as an Employee of the Company, provided, however, that (i) except as the Board or the Committee may otherwise provide on a basis uniformly applicable to all persons similarly situated, “Eligible Employee” shall not include any “Ineligible Person,” which means any person who performs services for the Company as an independent contractor or under any other non-employee classification, and (ii) such Employee shall be eligible to open an account with the registered broker-dealer firm and/or banking entity designated as recordkeeper for the Plan.


Eligible Employee Defined. Except as otherwise required by Code Section 423 or other applicable law, an Employee shall be considered an Eligible Employee for purposes of participation in the Plan on the first date such Employee both: (i) has reached age 18, and (ii) has completed at least six months of service as an Employee of the Company, provided, however, that except as the Board or the Committee may otherwise provide on a basis uniformly applicable to all persons similarly situated,

Eligible Employee Defined. Except as otherwise required by Code Section 423 or other applicable law, including, without limitation, securities laws of a foreign jurisdiction applicable to such Employee, an Employee shall be considered an Eligible Employee for purposes of participation in the Plan as of the first Offering Commencement Date after Employee completes thirty calendar days of continuous service with the Company. In addition, each Employee employed by the Company on the Effective Date (as defined in Section 7.8) will be considered an Eligible Employee. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Company. Where the period of leave exceeds ninety (90) days and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the ninety-first (91st) day of such leave.