NetSpend 2011 Annual Report Download - page 123

(y)
“ Purchase Date ” means the last calendar day of each Contribution Period of the Plan.
(z) “ Purchase Price ”
means, with respect to a Contribution Period, an amount equal to 85% of the Fair Market Value
of a Share on the Commencement Date or on the Purchase Date, whichever is lower.
(aa) “ Required Holding Period ” shall have the meaning set forth in Section 9(c).
(bb) “ Reserves ” means the sum of (i) the number of Shares covered by Options granted under the Plan that have not
yet been exercised and (ii) the number of Shares that have been authorized for issuance under the Plan but have not yet been placed under an
Option.
(cc) “ Share ” means a share of Common Stock, as adjusted in accordance with Section 12.
(dd) “ Subsidiary ” means any of the following entities:
(i)
a corporation, domestic or foreign, of which not less than 50% of the total combined voting power of all
classes of stock is held by Issuer or any corporate subsidiary of Issuer, whether or not such corporation now exists or is hereafter organized or
acquired by Issuer or another such subsidiary of Issuer;
(ii)
an unincorporated business entity, domestic or foreign, such as a limited liability company or partnership,
in which Issuer or another Subsidiary holds directly or indirectly not less than 50% of the total combined voting power with respect to all
classes of equity ownership of such entity; or
(iii)
an unincorporated business entity described in the preceding clause (ii) that either (A) has duly elected
under applicable Treasury Regulations to be an association treated as a corporation for United States federal income tax purposes, and such
election continues in effect; or (B) is disregarded as a separate entity for United States federal income tax purposes, has not made an election
described in the preceding clause (A) and, pursuant to applicable Treasury Regulations, its assets are considered to be owned by Issuer or
another Subsidiary that is a corporation or is treated as one under the preceding clause (A); whether or not such unincorporated business entity
now exists or is hereafter organized or acquired by Issuer or another Subsidiary of Issuer.
(ee)
“ Unforeseen Financial Emergency ” means an unanticipated emergency that is caused by an event beyond the
control of the Participant that would result in severe financial hardship to the Participant, and which cannot be relieved through other
reasonable means available to the Participant, resulting from (i) a sudden and unexpected illness or accident of the Participant or his or her
spouse or a dependent of the Participant, (ii) a loss of the Participant’s property due to casualty, or (iii) some other extraordinary and
unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined in the discretion of the Plan
Administrator
3.
Eligibility .
(a)
Eligible Employees . Any individual who is an Employee, immediately after he or she has completed 60 calendar
days of Continuous Status as an Employee, shall become eligible to participate in the Plan on the first day of the month coincident with or next
following completion of such period of service, subject to the requirements of the following paragraph (b), Sections 5(a), Section