Eligible Employee Definition Example with 4 Variations

This page contains an example definition of Eligible Employee, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Eligible Employee. An Employee who is customarily employed for at least twenty (20) hours per week and more than five months in any calendar year. Notwithstanding the foregoing, the Committee may exclude from participation in the Plan or any Offering Employees who are highly compensated employees of the Company or a Participating Subsidiary (within the meaning of Section 414(q) of the Code) or a sub-set of such highly compensated employees
Found in Ventoux CCM Acquisition Corp. contract

Variations

Eligible Employee. An an Employee who (i) has been continuously employed by the Company or a Participating Subsidiary for at least one (1) year and (ii) is customarily employed for at least twenty (20) hours per week and for more than five (5) months in any calendar year. Notwithstanding the foregoing, the Committee may exclude from participation in the Plan or any Offering Employees who are highly "highly compensated employees employees" of the Company or a Participating Subsidiary (within the meaning of Section... 414(q) of the Code) Code section 414(q)) or a sub-set of such highly compensated employees View More
Found in Interpace Diagnostics Group, Inc. contract
Eligible Employee. An an Employee who is customarily employed for at least twenty (20) hours per week and more than five months in any calendar year. an Employee as of the Offering Date of a given Offering Period. Notwithstanding the foregoing, the Committee may exclude from participation in the Plan or any Offering Employees who are highly "highly compensated employees employees" of the Company or a Participating Subsidiary (within the meaning of Section 414(q) of the Code) or a sub-set of such highly... compensated employees View More
Found in SIGMA LABS, INC. contract
Eligible Employee. An an Employee who is customarily employed (and regularly scheduled) for at least twenty (20) hours per week and more than five (5) months in any calendar year. Notwithstanding the foregoing, the Committee may exclude from participation in the Plan or any Offering Employees who are highly "highly compensated employees employees" of the Company or a Participating Subsidiary (within the meaning of Section 414(q) of the Code) or a sub-set of such highly compensated employees
Found in ITERIS, INC. contract
Eligible Employee. An an Employee who (i) has been employed by the Company or a Participating Subsidiary for at least 90 days and (ii) is customarily employed for at least twenty (20) hours per week and more than five (5) months in any calendar year. Notwithstanding the foregoing, the Committee may exclude from participation in the Plan or any Offering Employees who are highly "highly compensated employees employees" of the Company or a Participating Subsidiary (within the meaning of Section 414(q) of the Code)... or a sub-set of such highly compensated employees View More
Found in Flux Power Holdings, Inc. contract
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