Common use of Eligibility and Participation Clause in Contracts

Eligibility and Participation. An individual is deemed an “Eligible Employee” and, therefore, eligible to participate in the Plan if he or she is a member of the Company’s Management Team at the time of such individual’s termination of employment with the Company, and such employment terminates due to an event which constitutes a Qualifying Termination.

Eligibility and Participation. An individual is deemed an “"Eligible Employee” " and, therefore, eligible to participate in the Plan if he or she is a member of the Company’s 's Management Team at the time of such individual’s 's termination of employment with the Company, and such employment terminates due to an event which constitutes a Qualifying Termination.