Approvals Clause Example with 6 Variations from Business Contracts
This page contains Approvals 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.
Approvals. 24.1. This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders (however, if the grant of an Award is subject to approval by stockholders, the date of grant of the Award shall be determined as if the Award had not b...een subject to such approval). Failure to obtain such approval by the stockholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the stockholders of the Company as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders of the Company had approved this Plan on the Effective Date. 24.3. 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award.View More
Variations of a "Approvals" Clause from Business Contracts
Approvals. 24.1. This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. Solely with respect to grants of Incentive Stock Options, this Plan shall also be Date") subject to stockholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders (however, stockholder under Applicable Law; provided, however, if the grant of an Award is made after the Effective Date subject to approval by ...stockholders, the date of grant of the Award shall be determined as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. approval. Upon approval of this Plan by the stockholders of the Company as set forth above, all Incentive Stock Options Awards granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders of the Company had approved this Plan on the Effective Date. 24.3. 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award.View More
Approvals. 24.1. (a) This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. (b) Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders' shareholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders shareholders (however, if the grant of an Award is subject to approval by stockholders, shareholders, the date of grant of the Aw...ard shall be determined as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders shareholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the stockholders shareholders of the Company as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders shareholders of the Company had approved this Plan on the Effective Date. 24.3. (c) 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award. View More
Approvals. 24.1. This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders' shareholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders shareholders (however, if the grant of an Award is subject to approval by stockholders, shareholders, the date of grant of the Award shal...l be determined as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders shareholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the stockholders shareholders of the Company Corporation as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders shareholders of the Company Corporation had approved this Plan on the Effective Date. 24.3. 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. 9. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award. View More
Approvals. 24.1. This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders' shareholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders shareholders (however, if the grant of an Award is subject to approval by stockholders, shareholders, the date of grant of the Award shal...l be determined as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders shareholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the stockholders shareholders of the Company as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders shareholders of the Company had approved this Plan on the Effective Date. 24.3. 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. 9.49. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a an 102 Award. View More
Approvals. 24.1. This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders' shareholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders shareholders (however, if the grant of an Award is subject to approval by stockholders, shareholders, the date of grant of the Award shal...l be determined as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders shareholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the stockholders shareholders of the Company Corporation as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders shareholders of the Company Corporation had approved this Plan on the Effective Date. 24.3. 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award. View More
Approvals. 24.1. This Plan shall take effect upon its adoption by the Board (the "Effective Date"). 24.2. Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders' shareholders' approval, within one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders shareholders (however, if the grant of an Award is subject to approval by stockholders, shareholders, the date of grant of the Award shal...l be determined as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders shareholders within such period shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the stockholders shareholders of the Company as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully effective as if the stockholders shareholders of the Company had approved this Plan on the Effective Date. 24.3. 102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. 9.4. Failure to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award. View More
