Adoption and Stockholder Approval Clause Example with 5 Variations from Business Contracts

This page contains Adoption and Stockholder Approval clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Adoption and Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the "Effective Date"). This Plan will be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve (12) months before or after the Effective Date. Upon the Effective Date, the Board may grant Awards pursuant to this Plan; provided, however, that: (i) no Option may be exercised prior to initial stockholder approval of this Plan; (ii) no Opt...ion granted pursuant to an increase in the number of Shares approved by the Board shall be exercised prior to the time such increase has been approved by the stockholders of the Company; (iii) in the event that initial stockholder approval is not obtained within the time period provided herein, all Awards granted hereunder shall be canceled, any Shares issued pursuant to any Award shall be canceled and any purchase of Shares issued hereunder shall be rescinded; and (iv) Awards granted pursuant to an increase in the number of Shares approved by the Board which increase is not timely approved by stockholders shall be canceled, any Shares issued pursuant to any such Awards shall be canceled, and any purchase of Shares subject to any such Award shall be rescinded. View More Arrow
Found in Squarespace, Inc. contract

Variations of a "Adoption and Stockholder Approval" Clause from Business Contracts

Adoption and Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the "Effective Date"). This Plan will be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, Applicable Laws, within twelve (12) months before or after the Effective Date. Upon the Effective Date, the Board Committee may grant Awards pursuant to this Plan; provided, however, that: (i) no Option may be exercised or Restricted Stock purchased prior ...to initial stockholder approval of this Plan; (ii) no Option or Restricted Stock granted pursuant to an increase in the number of Shares approved by the Board Committee shall be exercised or purchased, as applicable prior to the time such increase has been approved by the stockholders of the Company; (iii) in the event that initial stockholder approval is not obtained within the time period provided herein, all Awards granted hereunder shall be canceled, any Shares issued pursuant to any Award Award, whether by exercise of an Option or purchase of Restricted Stock, shall be canceled and any purchase of Shares issued hereunder shall be rescinded; and (iv) Awards Options granted pursuant to an increase in the number of Shares approved by the Board which increase is not timely approved by stockholders shall be canceled, canceled. 13 18. TIME OF GRANTING AWARDS. The date of grant of an Award shall, for all purposes, be the date on which the Committee makes the determination granting such Award, or such other date as is determined by the Committee, provided that in the case of any Shares issued pursuant to any such Awards ISO, the grant date shall be canceled, and any purchase the later of Shares subject to any the date on which the Committee makes the determination granting such Award shall be rescinded. ISO or the date of commencement of the Participant's employment relationship with the Company. View More Arrow
Found in 2 Contracts from 2 Companies
Adoption and Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the "Effective Date"). This Plan will be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve (12) months before or after the Effective Date. Upon the Effective Date, the Board may grant Awards pursuant to this Plan; provided, however, that: (i) (a) no Option may be exercised prior to initial stockholder approval of this Plan; (ii) (b...) no Option granted pursuant to an increase in the number of Shares approved by the Board shall be exercised prior to the time such increase has been approved by the stockholders of the Company; (iii) (c) in the event that initial stockholder approval is not obtained within the time period provided herein, all Awards granted hereunder for which only the exemption from California's securities qualification requirements provided by Section 25102(o) can apply shall be canceled, any Shares issued pursuant to any such Award shall be canceled and any purchase of such Shares issued hereunder shall be rescinded; and (iv) (d) Awards (to which only the exemption from California's securities qualification requirements provided by Section 25102(o) can apply) granted pursuant to an increase in the number of Shares approved by the Board which increase is not timely approved by stockholders within the time then required under Section 25102(o) shall be canceled, any Shares issued pursuant to any such Awards shall be canceled, and any purchase of Shares subject to any such Award shall be rescinded. View More Arrow
Found in 5 Contracts from 3 Companies
Adoption and Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the "Effective Date"). This Plan will be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, Applicable Laws, within twelve (12) months before or after the Effective Date. Upon the Effective Date, the Board Committee may grant Awards pursuant to this Plan; provided, however, that: (i) no Option may be exercised or Restricted Stock purchased prior ...to initial stockholder approval of this Plan; (ii) no Option or Restricted Stock granted pursuant to an increase in the number of Shares approved by the Board Committee shall be exercised or purchased, as applicable prior to the time such increase has been approved by the stockholders of the Company; (iii) in the event that initial stockholder approval is not obtained within the time period provided herein, all Awards granted hereunder shall be canceled, any Shares issued pursuant to any Award Award, whether by exercise of an Option or purchase of Restricted Stock, shall be canceled and any purchase of Shares issued hereunder shall be rescinded; and (iv) Awards Options granted pursuant to an increase in the number of Shares approved by the Board which increase is not timely approved by stockholders shall be canceled, any Shares issued pursuant to any such Awards shall be canceled, and any purchase of Shares subject to any such Award shall be rescinded. canceled. View More Arrow
Found in Silverback Therapeutics, Inc. contract
Adoption and Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the "Effective Date"). This Plan will be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve (12) months before or after the Effective Date. Upon the Effective Date, the Board may grant Awards pursuant to this Plan; provided, however, that: (i) no Option may be exercised prior to initial stockholder approval of this Plan; (ii) no Opt...ion granted pursuant to an increase in the number of Shares approved by the Board shall be exercised prior to the time such increase has been approved by the stockholders of the Company; (iii) in the event that initial stockholder approval is not obtained within the time period provided herein, all Awards granted hereunder for which only the exemption from California's securities qualification requirements provided by Section 25102(o) can apply shall be canceled, any Shares issued pursuant to any such Award shall be canceled and any purchase of such Shares issued hereunder shall be rescinded; and (iv) Awards (to which only the exemption from California's securities qualification requirements provided by Section 25102(o) can apply) granted pursuant to an increase in the number of Shares approved by the Board which increase is not timely approved by stockholders within the time then required under Section 25102(o) shall be canceled, any Shares issued pursuant to any such Awards shall be canceled, and any purchase of Shares subject to any such Award shall be rescinded. View More Arrow
Found in 2 Contracts from DROPBOX, INC.
Adoption and Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the "Effective Date"). This Plan will shall be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve (12) months before or after the Effective Date. date this Plan is adopted by the Board. Upon the Effective Date, the Board Committee may grant Awards pursuant to this Plan; provided, however, that: (i) (a) no Option or SAR may be exerci...sed prior to initial stockholder approval of this Plan; (ii) (b) no Option or SAR granted pursuant to an increase in the number of Shares subject to this Plan approved by the Board shall will be exercised prior to the time such increase has been approved by the stockholders of the Company; (iii) (c) in the event that initial stockholder approval is not obtained within the time period provided herein, all Awards granted hereunder shall be canceled, cancelled, any Shares issued pursuant to any Award Awards shall be canceled cancelled and any purchase of Shares issued hereunder shall be rescinded; and (iv) (d) in the event that stockholder approval of such increase is not obtained within the time period provided herein, all Awards granted pursuant to an such increase in the number of Shares approved by the Board which increase is not timely approved by stockholders shall will be canceled, cancelled, any Shares issued pursuant to any Award granted pursuant to such Awards shall increase will be canceled, cancelled, and any purchase of Shares subject pursuant to any such Award shall increase will be rescinded. View More Arrow
Found in Electronic Arts contract