Common use of Employee Clause in Contracts

Employee. 1.3.1. any person who has a valid employment contract with the Company, a parent or a subsidiary of the Company at the date of the Company's General Shareholders Meeting decision to grant the Shares, as well as a member of the Board of the Company or a parent or subsidiary of the Company, who is employed by the Company, a parent or subsidiary of the Company, who is not a shareholder of the Company, parent or a subsidiary of the Company owning shares of 1/20 or more of all votes. Shares may be issued only to those Employees specified in para. 1.3.1 of the Rules with whom the Company has entered into a Share Option Agreement;