Persons Eligible for Awards Clause Samples
The "Persons Eligible for Awards" clause defines who is permitted to receive awards under a particular plan or agreement, such as an employee stock option or incentive plan. Typically, this clause specifies categories of individuals—such as employees, directors, consultants, or advisors—who may be granted awards, and may also outline any eligibility requirements or restrictions. By clearly identifying eligible participants, the clause ensures that only qualified individuals benefit from the plan, thereby maintaining compliance with legal and organizational policies and preventing disputes over award entitlements.
Persons Eligible for Awards. Awards may be granted only to Employees, Consultants and Directors. For purposes of the foregoing sentence, ?Employees,? ?Consultants? and ?Directors? shall include prospective Employees, prospective Consultants and prospective Directors to whom Awards are offered to be granted in connection with written offers of an employment or other service relationship with the Participating Company Group; provided, however, that no Stock subject to any such Award shall vest, become exercisable or be issued prior to the date on which such person commences Service.
Persons Eligible for Awards. Awards under the Plan may be made to Employees, Directors and Consultants.
Persons Eligible for Awards. The persons eligible to receive awards under the Plan are those officers, directors, and executive, managerial, administrative and professional employees of and consultants to the Company, a Company subsidiary or a Company joint venture, (collectively, “key persons”) as the Administrator shall select, in each case to the extent permitted under Form S-8 under the 1934 Act, taking into account the duties of the respective employees, their present and potential contributions to the success of the Company, and such other factors as the Administrator shall deem relevant in connection with accomplishing the purpose of the Plan. The Administrator may from time to time, determine that any key person shall be ineligible to receive awards under the Plan.
Persons Eligible for Awards. Awards may be granted only to Employees, Consultants and Directors.