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name: GENERAL RULE

General Rule. The Required Beginning Date of a Participant is the first day of April of the calendar year following the calendar year in which the Participant attains age 70 1/2.
GENERAL RULE. The entire Exercise Price of Common Shares issued upon exercise of Options shall be payable in cash at the time when such Common Shares are purchased, except as follows:
General Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in lawful money of the United States of America at the time when such Shares are purchased, except as follows:
General Rule. For options granted after December 31, 1986, the aggregate fair market value (determined at the time the option is granted) of the stock with respect to which Incentive Stock Options are exercisable for the first time during any calendar year by the optionee under all plans of the Company and its subsidiaries shall not exceed $100,000.
GENERAL RULE. Except as otherwise required under applicable rules of a Nasdaq Market or a securities exchange or other market where the securities of the Company are traded or applicable law, the Board may suspend, terminate or amend this Plan, including but not limited to such amendments as may be necessary or desirable resulting from changes in the United States federal income tax laws and other applicable laws without the approval of the Company's shareholders or Participants; provided, however, that no such action shall adversely affect any awards previously granted to a Participant without the Participant's consent.
General Rule. Except as otherwise provided in this Section 4.05, any Tax Return for any Pre Distribution Period or any Straddle Period, and any Tax Return for any Post Distribution Period to the extent items reported on such Tax Return might reasonably affect items reported on any Tax Return for any Pre Distribution Period or any Straddle Period, shall be prepared in accordance with past Tax accounting practices used with respect to the Tax Returns in question (unless such past practices are no longer permissible under the Code or other applicable Tax Law), and to the extent any items are not covered by past practices (or in the event such past practices are no longer permissible under the Code or other applicable Tax Law), in accordance with reasonable ...
General Rule. Only Employees shall be eligible for designation as Optionees or Offerees by the Committee. In addition, only individuals who are employed as common law employees by the Company or a Subsidiary shall be eligible for the grant of ISOs.
General Rule. Only Employees shall be eligible to receive Awards. In selecting those Employees to whom Awards will be granted and the number of shares covered by such Awards, the Committee shall consider the position, duties and responsibilities of the eligible Employees, the value of their services to the Company and its Affiliates, and any other factors the Committee may deem relevant. Notwithstanding the foregoing, the Committee shall automatically make the Awards specified in Sections 6(b) and 9 hereof, and no Employee shall receive Options to purchase more than 25% of the Shares reserved under Paragraph 4(a), and no Non employee Director shall receive Options to purchase more than 5% of the Shares reserved under Paragraph 4(a), with all Non ...
General Rule. If a member of one Group receives any Tax Benefit with respect to any Taxes for which a member of another Group is liable hereunder, the Company receiving such Tax Benefit shall make a payment to the Company who is liable for such Taxes hereunder within 30 days following receipt of the Tax Benefit in an amount equal to the Tax Benefit (including any Tax Benefit realized as a result of the payment), plus interest on such amount computed at the Prime Rate based on the number of days from the date of receipt of the Tax Benefit to the date of payment of such amount under this Section 6.01.
GENERAL RULE. "Hour of Service" means each hour for which the Employee is directly or indirectly paid or entitled to payment by the Company or an Affiliate
GENERAL RULE. Each Member may designate one or more persons as Beneficiary to receive his Account balance in the event of such Member's death. Each such designation shall be made on a form provided by the Plan Administrator, shall be effective only when filed in writing with the Plan Administrator, and shall revoke all prior designations, subject to the provisions of paragraph (2) below. Subject to paragraph (2) below, a trust may be named as a Beneficiary of a Member, but the trust itself will not be treated as a "designated beneficiary" under the Code or Code Regulations including Proposed Code Regulations. If the requirements of Proposed Code Regulation 1.401(a)(9) 1D 5 are met, the beneficiaries of the trust will be treated as "designated ...
General Rule. Unless otherwise determined by the Board of Directors, in the event the employment or service of the optionee with the Company or a subsidiary terminates for any reason other than because of physical disability or death as provided in Subsections 6(a)(iv)(B) and (C), or for cause, as provided in Subsection 6(a)(iv)(D), the option may be exercised at any time prior to the expiration date of the option or the expiration of three months after the date of such termination, whichever is the shorter period, but only if and to the extent the optionee was entitled to exercise the option at the date of such termination.
GENERAL RULE. Except as otherwise provided in this Section 9.4 and Section 9.8, distribution of benefits under the Plan shall commence as soon as administratively feasible following the Member's Termination of Service and his request for his distribution from the Plan in accordance with the Rules of the Plan.
General Rule. Except as otherwise required under Section 11, the aggregate number of Shares deliverable pursuant to Awards shall not exceed 10% of the Shares sold to the public by the Company in connection with its stock offering. Such Shares may either be authorized but unissued Shares, Shares held in treasury, or Shares held in a grantor trust created by the Company. If any Awards should expire, become unexercisable, or be forfeited for any reason without having been exercised, the Optioned Shares shall, unless the Plan shall have been terminated, be available for the grant of additional Awards under the Plan.
GENERAL RULE. Except as provided in subsections (b) and (c), Accounts and Funds shall be valued at their fair market values as of each Valuation Date. Except as provided in subsections (b) and (c), earnings, gains, and losses (realized or unrealized) for each Fund shall be allocated to the portion ("subaccount") of a Member's Account maintained with respect to that Fund, in the same ratio that the value of his subaccount (determined as of the Valuation Date) bears to the sum of the values of all Members' subaccounts maintained with respect to the Fund. For the purpose of determining this ratio, the value of a subaccount shall be the value of the subaccount as of the last preceding Valuation Date. After the allocation of earnings, gains, and losses, each ...
General Rule. Unless the provisions of Section 3.2 apply, in the event of the termination of the Employee's employment by the Company other than for cause prior to the expiration of the two (2) year term referred to in Section 2, the Company shall be obligated to pay to the Employee, within fifteen (15) days after the date of termination, an amount equal to the greater of: (i) fifty percent (50%) of the Employee's annual salary determined as of the date of termination of employment, or (ii) the aggregate salary otherwise payable to the Employee for the balance of the two (2) year term referred to in Section 2, determined as of the date of termination of employment.
General Rule. The aggregate fair market value (determined at the time the option is granted) of the stock with respect to which Incentive Stock Options are exercisable for the first time during any calendar year by the optionee under all plans of the Company and its subsidiaries shall not exceed 100,000 or, if different, the maximum limitation in effect at the time of grant under Section 422A of the Internal Revenue Code of 1986, as amended, or any successor provision, and any regulations promulgated thereunder.
GENERAL RULE. An Employee shall be credited with a Year of Vesting Service for each Plan Year in which he is credited with at least 1,000 Hours of Service; provided however, that no Employee shall be credited with more than one Year of Vesting Service for any Plan Year, notwithstanding that an Employee may have 1,000 or more Hours of Service with more than one Company or Affiliate or other entity during the Plan Year.
GENERAL RULE. Subject to the provisions of subsection (b), the term "Eligible Employee" shall mean an Employee of an Employer and shall include a nonresident alien who receives no United States source income from an Employer who has been designated by an Employer as eligible to participate in this Plan; provided, however, effective as of December 31, 1995, no Employee who is employed in the capacity of an (1) Embassy Suitekeeper, (2) Hampton Room Attendant or (3) Homewood Suitekeeper shall be an Eligible Employee or shall otherwise participate in this Plan; and provided, further, that any Employee hired after December 31, 1995 shall not be an Eligible Employee until such Employee attains age 21.
GENERAL RULE. In order to make Before Tax Contributions and After Tax Contributions, an Eligible Employee who has satisfied the requirements of Section 3.1 must enter into a pay reduction agreement, which shall be part of the Enrollment Form, whereby such Eligible Employee agrees to reduce his Compensation for such contribution within the limits described in Sections 4.1 and 4.2. A Participant's pay reduction agreement shall remain effective until canceled or amended.