Examples of Section 16 Participants in a sentence
The Board also may delegate to another committee of the Board consisting entirely of Non-Employee Directors any or all of the authority and responsibility of the Committee with respect to individuals who are Section 16 Participants.
Participants, except for Section 16 Participants, can reallocate among the Hypothetical Investment Benchmarks on a daily basis.
However, no such delegation is permitted with respect to Awards made to Section 16 Participants at the time any such delegated authority or responsibility is exercised.
Section 16 Participants can reallocate among the Hypothetical Investment Benchmarks in accordance with such rules, regulations and procedures as the Administrator may establish from time to time.
However, Share Purchase Rights granted to Section 16 Participants shall not become exercisable earlier than six months and one day after the grant date.