Examples of Non-423 Component in a sentence
Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the 423 Component.
The Plan includes two components: a 423 Component and a Non-423 Component.
Offerings intended to be made under the Non-423 Component will be designated as such by the Administrator at or prior to the time of such Offering.
A Participant who transfers employment from a Designated Affiliate participating in the Non-423 Component to the Company or any Designated Subsidiary participating in the 423 Component shall remain a Participant in the Non-423 Component until the earlier of (i) the end of the current Offering Period under the Non-423 Component, or (ii) the Enrollment Date of the first Offering Period in which he or she participates following such transfer.
The Company may use all Contributions received or held by it under the Plan for any corporate purpose, and the Company will not be obligated to segregate such Contributions except under Offerings or for Participants in the Non-423 Component for which Applicable Laws require that Contributions to the Plan by Participants be segregated from the Company’s general corporate funds and/or deposited with an independent third party.