Common use of Eligibility for Participation Clause in Contracts

Eligibility for Participation. Subject to the conditions of Section 5(b), all Employees, Directors, consultants, and advisors of the Corporation are eligible to be selected as Participants by the Committee, in its discretion; provided however, that any Director who is not also an Employee shall participate only in the "Outside Directors Sub-Plan" which has been adopted under this Plan for such outside Directors, as such Sub-Plan may be amended from time-to-time. The Committee's determination of an individual's eligibility for participation shall be final.

Appears in 3 contracts

Samples: Fountain Oil Inc, Canargo Energy Corp, Fountain Oil Inc

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Eligibility for Participation. Subject to the conditions of Section 5(b), all Employees, Directors, consultants, and advisors of the Corporation are eligible to be selected as Participants by the Committee, in its discretion; provided however, that any Director who is not also an Employee shall participate only in the "Outside Directors Sub-Plan" which has been adopted under this Plan for such outside Directors, as such Sub-Plan may be amended from time-to-time. The Committee's determination of an individual's eligibility for participation shall be final.

Appears in 1 contract

Samples: Canargo Energy Corp

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