months, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) transfers between locations of the Company or between the Company and a Covered Entity.
2.9. Contributions means all amounts credited to the account of a Participating Employee pursuant to the Plan.
2.10. Corporate Transaction means any (1) merger or consolidation of the Company with or into another entity as a result of which the Stock of the Company is converted into or exchanged for the right to receive cash, securities or other property or is cancelled, (2) sale or exchange of all or substantially all of the Stock of the Company for cash, securities or other property, (3) sale, transfer, or other disposition of all or substantially all of the Companys assets to one or more other persons in a single transaction or series of related transactions or (4) liquidation or dissolution of the Company; except, in the case of clauses (1) and (2), for a transaction the principal purpose of which is to change the state in which the Company is incorporated.
2.11. Covered Entity means any Subsidiary that may adopt the Plan from time to time in accordance with the procedures set forth in Section 14 hereof with the Companys consent.
2.12. Effective Date means the IPO Date.
2.13. Employee means an employee of the Company or a Covered Entity who is customarily employed for at least 20 hours per week and more than five months in a calendar year.
2.14. Exchange Act means the Securities Exchange Act of 1934, as amended.
2.15. Fair Market Value has the meaning set forth in Section 6.4(c).
2.16. Initial Plan Period means the first Plan Period of the Plan.
2.17. IPO Date means the date of the closing of the initial public offering of shares of Common Stock.
2.18. New Plan Period Termination Date has the meaning set forth in Section 12.4.
2.19. Participating Employee means an Employee who elects to participate in the Plan pursuant to Section 6.2(b) or otherwise becomes a Participating Employee pursuant to Section 6.2(h).
2.20. Plan means this Proteon Therapeutics, Inc. 2014 Employee Stock Purchase Plan.
2.21. Plan Period Commencement Date means the first day of each Plan Period.
2.22. Plan Period Termination Date means the last day of each Plan Period.
2.23. Plan Period means each successive period described in Section 6.1, at the end of which each Participating Employee shall purchase Shares.