Section 423(b) Component

Example Definitions of "Section 423(b) Component"
Section 423(b) Component. Shall mean the provisions of the Plan that are designed to meet the requirements for an employee stock purchase plan as set forth in Section 423(b) of the Code, as amended. The provisions of the Section 423(b) Component shall be construed, administered and enforced in accordance with Section 423(b) of the Code
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