Eligible Employee Definition Example with 5 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. Means any employee of the Company or an Affiliate whose customary employment is at least 20 hours per week; provided, however, that "Eligible Employee" 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.
Found in
ACT TELECONFERENCING INC contract
Variations
Eligible Employee. Means any employee of the Company or an Affiliate who has been employed for at least 90 days and whose customary employment is at least 20 hours per week; provided, however, that "Eligible Employee" Eligible Employee shall not include any person who would be deemed, 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. Company
Found in
Digi International Inc. contract
Eligible Employee. Means means any employee of the Company or an Affiliate whose customary employment is at least 20 hours per week; week and who has been employed by the Company or an Affiliate for at least 1 year on the first day of the Purchase Period; provided, however, that "Eligible Employee" 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.
Found in
BUCA INC contract
Eligible Employee. Means means any employee of the Company or an Affiliate whose customary employment is (i) at least 20 hours per week; week and (ii) for more than 5 months in any calendar year, provided, however, that "Eligible Employee" shall not include any person who would be deemed, deemed for purposes of Section 423(b)(3) of the Code, 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 Employee. Means means any employee of the Company or an Affiliate whose customary employment is (i) at least 20 hours per week; week and (ii) for more than 5 months in any calendar year, provided, however, that "Eligible Employee" shall not include any person who would be deemed, deemed for purposes of Section 423(b)(3) of the Code, 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 Employee. Means means any employee of the Company or an Affiliate whose customary employment is (i) at least 20 hours per week; week and (ii) for more than 5 months in any calendar year, provided, 1 however, that "Eligible Employee" shall not include any person who would be deemed, deemed for purposes of Section 423(b)(3) of the Code, Code to own stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company.
