Eligible Director definition

Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

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Eligible Director means a person who is a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act.

Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, (ii) an “outside director” within the meaning of Section 162(m) of the Code and (iii) an “independent director” under the rules of the NYSE or any other securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted, or a person meeting any similar requirement under any successor rule or regulation.

Examples of Eligible Director in a sentence

• Nothing in the Plan or this Agreement shall confer upon the Participant any right to continuation as an Eligible Director.

• Nothing in the Plan or this Agreement shall confer upon the Optionee any right to continuation as an Eligible Director.

• Subject to the other terms of the Plan and this Agreement, any RSUs that vest in accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the first day of the seventh month following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day).

• If the Optionee is terminated as an Eligible Director by reason of Gross Misconduct as determined by the Administrator, the Administrator in its sole discretion may provide that all, or any portion specified by the Administrator, of the Optionee’s unexercised Options shall terminate and be forfeited immediately, without consideration.

• If the Participant is terminated as an Eligible Director by reason of Gross Misconduct as determined by the Administrator, the Administrator in its sole discretion may provide that all, or any portion specified by the Administrator, of the Participant’s unvested RSUs shall automatically terminate as of the time of termination without consideration.

More Definitions of Eligible Director

Eligible Director means a director who satisfies the conditions set forth in Section 4(a) of the Plan.

Eligible Director means a director who would be entitled to vote on the matter at a meeting of directors (but excluding any director whose vote is not to be counted in respect of the particular matter);

Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, or a person meeting any similar requirement under any successor rule or regulation and (ii) an “outside director” within the meaning of Section 162(m) of the Code, and the Treasury Regulations promulgated thereunder; provided, however, that clause (ii) shall apply only with respect to grants of Awards with respect to which the Company’s tax deduction could be limited by Section 162(m) of the Code if such clause did not apply.

Eligible Director means a director of the Company who is not an employee of the Company or any Subsidiary.

Eligible Director means a person who is serving as a member of the Board and who is not an Employee.

Eligible Director means a Director who is not an Employee and is eligible to participate in the Non-Discretionary Grant Program.

Eligible Director means any Director of the Company who is not an employee of the Company or its subsidiaries.