Example ContractsClausescorporate collateral agent required; eligibilityVariants
Corporate Collateral Agent Required; Eligibility
Corporate Collateral Agent Required; Eligibility contract clause examples

Eligibility. Awards may be granted only to Eligible Persons; provided that # Incentive Stock Options may be granted only Eligible Persons who are [Section 422] Employees; and # Options may be granted only to persons with respect to whom Shares constitute stock of the service recipient (within the meaning of Section 409A of the Code and the applicable Treasury Regulations thereunder).

Source document

Eligibility. The Board shall designate the Participants to whom Incentive Stock Options, as described in Code Section 422(b) or any successor section thereto, are to be awarded under the Plan and shall determine the number of option shares to be offered to each of them. Incentive Stock Options may be awarded only to employees. .

Source document

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