Eligible Persons. Every person who, at or as of the Grant Date, is (a) an Employee of the Company or an Affiliate of the Company, or (b) someone whom the Committee designates as eligible for an Award (other than for Incentive Stock Options) because the person (i) performs bona fide consulting or advisory services for the Company or an Affiliate of the Company (other than services in connection with the offer or sale of securities in a capital-raising transaction) and (ii) has a direct and significant effect on the financial development of the Company or an Affiliate of the Company, shall be eligible to receive Awards hereunder. Directors of the Company who are not Employees are only eligible to receive Director Options under Section 5.3.
Appears in 2 contracts
Sources: Non Employee Director Award Agreement (Winokur Herbert S Jr), Non Employee Director Award Agreement (Winokur Herbert S Jr)