Non-Section 423 Component

Example Definitions of "Non-Section 423 Component"
Non-Section 423 Component. The part of the Plan, which excludes the 423 Component, pursuant to which Purchase Rights that are not intended to satisfy the requirements for an Employee Stock Purchase Plan may be granted to Eligible Employees.
Non-Section 423 Component. Means the part of the Plan which is not intended to meet the requirements set forth in Section 423 of the Code.
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