Broadly Based definition

Broadly Based as defined herein shall mean that at the end of three (3) years from the date of the Plan as amended at least fifty one percent (51%) of all options granted thereunder shall have been granted to "rank and file" personnel of the Company (i.e., persons who are not officers and directors as defined in "2" above) and that at the anniversary date of each succeeding year no less than 51% of all options granted shall have been granted to the aforesaid "rank and file".
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Broadly Based as defined herein shall mean that at the end of three (3) years from the date of the Plan as amended at least fifty one percent (51%) of all options granted thereunder shall have been granted to "rank and file" personnel of the Company (i.e., persons who are not
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Broadly Based as defined herein shall mean that at the end of three
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Examples of Broadly Based in a sentence

  • The Executive is a participant in the 2000 Broadly Based Stock Option Plan and the 2010 Equity Incentive Plan.

  • The Covenant Not to Compete set forth in this Section 7 shall supersede and override any and all limitations on Executive’s right to compete with the Company including, without limitation, any similar covenants not to compete in the Stock Option Agreements executed in conjunction with the 2000 Broadly Based Stock Option Plan and the 2010 Equity Incentive Plan and shall be the sole standard by which Executive shall be bound.

  • Management Long-Term Stock Option Plan, the 2000 Broadly Based Stock Option Plan and the 2005 Non-Qualified Stock Option Plan.

  • Management Long-Term Stock Option Plans, 2000 Broadly Based Stock Option Plan and the 2005 Non-Qualified Stock Option Plan and shall be the sole standard by which Executive shall be bound.

  • Management Long-Term Stock Option Plan, and the 2000 Broadly Based Stock Option Plan.

  • Management Long-Term Stock Option Plans, 2000 Broadly Based Stock Option Plan and the NVR, Inc.

  • The Covenant Not to Compete set forth in this Section 7 shall supersede and override any and all limitations on Executive’s right to compete with the Company including, without limitation, any similar covenants not to compete in the Stock Option Agreements executed in conjunction with the 1998 Management Long-term Stock Option Plan, the 2000 Broadly Based Stock Option Plan and the 2010 Equity Incentive Plan and shall be the sole standard by which Executive shall be bound.

  • The Executive is a participant in the 1998 Management Long-term Stock Option Plan, the 2000 Broadly Based Stock Option Plan and the 2010 Equity Incentive Plan.