Common use of Participant Eligibility Clause in Contracts

Participant Eligibility. An employee shall be eligible to participate in this Plan (and thus be a “Participant”) if the Company classifies the individual as (i) having been employed with the Company on or before October 1, 2007 as a full-time non-commissionable Director, Senior Director, or Vice President of the Company; (ii) employed by the Company on the bonus payment date and as not having given notice of intent to terminate employment (any employee who terminates employment with the Company or provides notice of intent to do so before bonus payments are made is not eligible to receive a bonus); and (iii) having been notified by the Company in writing of his or her participation in the Plan.

Appears in 4 contracts

Samples: Severance, Confidentiality and Non Compete Agreement (Digitalglobe Inc), Employment Agreement (Digitalglobe Inc), Severance Agreement (Digitalglobe Inc)

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