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.

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

• Eligible Director : any Eligible City Direc tor or Eligible County Director (as the case may be).

• There shall be no limit on the number of such automatic grants any one Eligible Director may receive over his or her period of Board service, and non-employee Board members who have previously been in the employ of the Corporation (or any Parent or Subsidiary) or who have otherwise received a stock option grant from the Corporation prior to becoming a non- employee Board member shall be eligible to receive one or more such annual option grants over their period of continued Board service.

• An Eligible Director may designate that such Director NQSO be granted in the name of a Trust instead of in the name of such Eligible Director.

• August 1, 1994 Severance Benefits Program For Eligible Director Level Employees; and Synergen, Inc.

More Definitions of Eligible Director

Eligible Director means any member of the Board who is not an employee of the Company, a Subsidiary or an Affiliated Entity.

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 who satisfies the conditions set forth in Section 4(a) of the Plan.

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

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 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.