A unit of common stock that must be owned by a person to make them eligible as the director of the issuing corporation.

This essentially refers to the qualification rule, since the specific share is no different from any other share. There are, however, many specific legal requirements that must be met by the nature of the qualifying share, such as that the share must be acquired by a taxpayer under an employee share scheme, the taxpayer must be an employee of the company, and that the acquisition scheme was widely available to the employees of the company at the time of acquisition of the qualifying share, for example.