Common use of Persons eligible Clause in Contracts

Persons eligible. Incentive Stock Options under the Plan may be granted only to officers and other employees of the Corporation or its subsidiaries. Nonqualified Options may be granted to officers or other employees of the Corporation or its subsidiaries, to members of the Board of Directors of the Corporation or its subsidiaries, and to consultants or other persons who render services to the Corporation or its subsidiaries (regardless of whether they are also employees), provided, however, that no such option may be granted to a person who is a member of the Committee, if any, at the time of grant.

Persons eligible. Incentive Stock Options under the Plan may be granted only to officers and other employees of the Corporation Corporation, or its subsidiaries. Nonqualified Options may be granted to officers or other employees of the Corporation or its subsidiaries, to members of the Board of Directors of the Corporation or its subsidiaries, and to consultants or other persons who render services to the Corporation or its subsidiaries (regardless of whether they are also employees), provided, however, that no such option may be granted to a person who is a member of the Committee, if any, at the time of grant.