Amendment and Termination of This Plan Contract Clauses (17)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Amendment and Termination of This Plan clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Amendment and Termination of This Plan. (a) Amendments. The Board may amend or terminate this Plan at any time, except that the Board shall not amend this Plan without approval of the stockholders of the Company if the Code or applicable laws require such approval or to comply with applicable stock exchange requirements. The Board may not, without the consent of the grantee, negatively affect the rights of a grantee under any award previously granted under this Plan. (b) No Repricing Without Stockholder Approval. The Board may not rep...rice stock options nor may the Board amend this Plan to permit repricing of options unless the stockholders of the Company provide prior approval of the repricing. (c) Termination. This Plan shall terminate on April 18, 2024, unless the Board terminates this Plan earlier or extends the term of this Plan with the approval of the stockholders of the Company. The termination of this Plan shall not impair the power and authority of the Board or the Committee with respect to an outstanding award. View More Arrow
Found in DONEGAL GROUP INC contract
Amendment and Termination of This Plan. (a) Amendments. The Board may amend or terminate this Plan at any time, except that the Board shall not amend this Plan without approval of the stockholders of the Company if such approval is required in order to comply with the Code or applicable laws require such approval laws, or to comply with applicable stock exchange requirements. The Board may not, without the consent of the grantee, negatively affect the rights of a grantee under any award previously granted under this Plan. (b) No Repri...cing Without Stockholder Approval. The Board may not reprice stock options options, nor may the Board amend this Plan to permit repricing of stock options unless the stockholders of the Company provide prior approval of for the repricing. (c) Termination. This Plan shall terminate on April 18, 2024, unless the Board earlier terminates this Plan earlier or the Board extends the term of this Plan with the approval of the stockholders of the Company. The termination of this Plan shall not impair the power and authority of the Board or the Committee with respect to an outstanding award. 6 14. Reservation of Shares. The Company, during the term of this Plan, shall at all times reserve and keep available the number of shares of Class A common stock needed to satisfy the requirements of this Plan. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority the Company's counsel deems necessary to the lawful issuance and sale of any shares under this Plan, shall relieve the Company of any liability for the failure to issue any shares as to which the Company has not obtained the requisite authority. View More Arrow
Found in DONEGAL GROUP INC contract
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