Eligible Associate definition

Eligible Associate means any person regularly employed by the Company or a Subsidiary on a full-time salaried basis who satisfies all of the requirements of Section 6.

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Eligible Associate means an Associate who (i) has the legal capacity to enter into binding contractual obligations, and (ii) is not in a category of Associates designated by the Employer as ineligible to participate in the Plan.

Eligible Associate means an Associate who has met the eligibility and entry date requirements to be a Participant under Article II, without regard to whether the Associate has elected to make Pre-tax Contributions. For purposes of the nondiscrimination tests in Article XIV, an Associate with no Compensation for a Plan Year shall not be treated as an Eligible Associate for that Plan Year.

Examples of Eligible Associate in a sentence

If the Associate ceases to be an Eligible Associate for any reason prior to the Vesting Date, then, except as provided in paragraph (c) and (d) below, the Shares shall be deemed repurchased by Staples at a repurchase price of zero and ownership of all right, title and interest in and to the Shares shall be forfeited and revert to Staples on the date such Associate ceases to be an Eligible Associate.
In addition, an Eligible Associate may take up to 26 weeks of unpaid Military Caregiver Family Leave during a single 12 month period.
If the Associate (i) dies; (ii) becomes disabled (within the meaning of Section 22(e)(3) of the Code); or (iii) terminates employment on or after the Rule of 65 Qualification Date (defined below), in each case prior to the Vesting Date while he or she is an Eligible Associate, then the Shares shall vest in full.
This Article shall apply to each Associate who would qualify as an Eligible Associate, except for the fact that the Associate does not meet the requirements of Section 5.2(a).
Each Eligible Associate shall be awarded an Option on each Grant Date, subject to the provisions of the Plan and such other terms and conditions as the Plan Administrator may determine, to purchase the number of Shares determined under Section 5.3.

More Definitions of Eligible Associate

Eligible Associate means an associate of the Company (or a Subsidiary that has adopted the Plan) who meets the requirements of the following clauses (i) and (ii):

Eligible Associate means an associate of the Company (or a Subsidiary that has adopted the Plan) who is selected by the Board or a duly authorized committee thereof to participate in this Plan. Unless otherwise determined by the Board or a committee thereof, an Eligible Associate shall continue as such until termination of employment.

Eligible Associate means any employee of the Company or an Affiliate whose customary employment is at least 20 hours per week and who has been employed by the Company or an Affiliate for at least 90 consecutive days prior to the first day of the relevant Purchase Period; provided, however, that “Eligible Associate” shall not include any person who would be deemed, for purposes of Section 423(b)(3) of the Code, to own stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company.

Eligible Associate means (a) an individual to whom an offer of employment as an Officer or 090 Employee has been made, who is selected by the Plan Administrator for eligibility and has been so notified; (b) an individual in his or her first calendar year as an Officer or 090 Employee who is selected by the Plan Administrator for eligibility and has been so notified; and (c) an individual in his or her second or later calendar year as an Office or 090 Employee, at such times that Officer or 090 Employee is eligible to participate in this Plan as provided in Section 3 of this Plan.

Eligible Associate means, with respect to a particular Grant Date, an Associate described in Section 5.2.

Eligible Associate means an Officer or 090 Employee at such times that Officer or 090 Employee is eligible to participate in this Plan as provided in Section 3 of this Plan.

Eligible Associate means an associate eligible to defer amounts under this Plan, as determined under Section 2.1 hereof. “ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time.