Effective Date and Duration of the Plan Contract Clauses (54)

Grouped Into 4 Collections of Similar Clauses From Business Contracts

This page contains Effective Date and Duration of the Plan clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Effective Date and Duration of the Plan. (a) Effective Date. The Plan shall become effective when adopted by the Board of Directors, but no Incentive Stock Option granted under the Plan shall become exercisable unless and until the Plan shall have been approved by the Company's stockholders. If such stockholder approval is not obtained within twelve months after the date of the Board's adoption of the Plan, no options previously granted under the Plan shall be deemed to be Incentive Stock Options. Amendments to the Plan not requiring s...tockholder approval shall become effective when adopted by the Board of Directors; amendments requiring stockholder approval (as provided in Section 19(a)) shall become effective when adopted by the Board of Directors, but no Incentive Stock Option granted after the date of such amendment shall become exercisable (to the extent that such amendment to the Plan was required to enable the Company to grant such Incentive Stock Option to a particular optionee) unless and until such amendment shall have been approved by the Company's stockholders. If such stockholder approval is not obtained within twelve months of the Board's adoption of such amendment, any Incentive Stock Options granted on or after the date of such amendment shall terminate to the extent that such amendment to the Plan was required to enable the Company to grant such option to a particular optionee. Subject to this limitation, options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan. (b) Termination. Unless sooner terminated in accordance with Section 16, the Plan shall terminate upon the earlier of (i) the close of business on the day next preceding the tenth anniversary of the date of its adoption by the Board of Directors, or (ii) the date on which all shares available for issuance under the Plan shall have been issued pursuant to the exercise or cancellation of options granted under the Plan. If the date of termination is determined under (i) above, then options outstanding on such date shall continue to have force and effect in accordance with the provisions of the instruments evidencing such options. View More Arrow
Found in Fusion Connect, Inc. contract
Effective Date and Duration of the Plan. (a) 20.1 Effective Date. The Plan shall become effective when adopted by the Board of Directors, but no Incentive Stock Option granted under the Plan shall become exercisable unless and until the Plan shall have been approved by the Company's stockholders. Directors. If such stockholder shareholder approval is not obtained within twelve months after the date of the Board's adoption of the Plan, no options Options previously granted under the Plan shall be deemed to be Incentive Stock Options. Op...tions and no Incentive Stock Options shall be granted thereafter. Amendments to the Plan not requiring stockholder shareholder approval shall become effective when adopted by the Board of Directors; amendments Board. Amendments requiring stockholder shareholder approval (as provided in Section 19(a)) shall become effective when adopted by the Board of Directors, Board, but no Incentive Stock Option granted after the date of such amendment shall become exercisable (to the extent that such amendment to the Plan was required to enable the Company to grant such Incentive Stock Option to a particular optionee) unless and until such amendment shall have been approved by the Company's stockholders. If such stockholder if shareholder approval is not obtained within twelve months of the Board's adoption of such amendment, any Incentive Stock Options granted on or after the date of pursuant to such amendment shall terminate be deemed to the extent be non-statutory Options provided that such amendment to Options are authorized by the Plan was required to enable the Company to grant such option to a particular optionee. Plan. Subject to this limitation, options Options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan. (b) 20.2 Termination. Unless sooner terminated in accordance with Section 16, by action of the Board of Directors, the Plan shall terminate upon the earlier of (i) the close of business on the day next preceding the tenth anniversary of the date of its adoption by the Board of Directors, or (ii) the date on which all shares available for issuance under the Plan shall have been issued pursuant to the exercise or cancellation of options granted under the Plan. If the date of termination is determined under (i) above, then options outstanding on such date shall continue to have force and effect in accordance with the provisions of the instruments evidencing such options. Directors. View More Arrow
Found in ORGANOVO HOLDINGS, INC. contract
Effective Date and Duration of the Plan. (a) Effective Date. The Plan shall become effective when adopted by as of the Board of Directors, date marked below, but no Incentive Stock Option granted under the Plan shall become exercisable unless and until the Plan shall have been approved by the Company's stockholders. Corporation's shareholders. If such stockholder shareholder approval is not obtained within twelve months after the effective date of the Board's adoption of the Plan, no options previously granted under the Plan shall be d...eemed to be Incentive Stock Options. Options and no Incentive Stock Options shall be granted thereafter. Amendments to the Plan not requiring stockholder shareholder approval shall become effective when adopted by the Board of Directors; Administrator; amendments requiring stockholder shareholder approval (as provided in Section 19(a)) 19) shall become effective when adopted by the Board of Directors, Administrator, but no Incentive Stock Option granted after the date of such amendment shall become exercisable (to the extent that such amendment to the Plan was required to enable the Company Corporation to grant such Incentive Stock Option to a particular optionee) unless and until such amendment shall have been approved by the Company's stockholders. Corporation's shareholders. If such stockholder shareholder approval is not obtained within twelve months of the Board's Administrator's adoption of such amendment, any Incentive Stock Options granted on or after the date of such amendment shall terminate to the extent that such amendment to the Plan was required to enable the Company Corporation to grant such option to a particular optionee. Subject to this limitation, options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan. 9 (b) Termination. Unless sooner terminated in accordance with Section 16, the Plan shall terminate terminate, with respect to Incentive Stock Options, upon the earlier of the following events: (i) the close of business on the day next preceding the tenth anniversary of the date of its adoption by the Board of Directors, Administrator, or (ii) the date on which all shares available for issuance under the Plan shall have been issued pursuant to the exercise or cancellation of options granted under the Plan. Unless sooner terminated in accordance with Section 16, the Plan shall terminate with respect to options which are not Incentive Stock Options on the date specified in (ii) above. If the date of termination is determined under (i) above, then options outstanding on such date shall continue to have force and effect in accordance with the provisions of the instruments evidencing such options. View More Arrow
Found in Amylyx Pharmaceuticals, Inc. contract
Effective Date and Duration of the Plan. (a) 20.1 Effective Date. The Plan shall become effective when adopted by the Board of Directors, but no Incentive Stock Option granted under the Plan shall become exercisable unless and until the Plan shall have been approved by the Company's stockholders. Directors. If such stockholder shareholder approval is not obtained within twelve months after the 10 date of the Board's adoption of the Plan, no options Options previously granted under the Plan shall be deemed to be Incentive Stock Options.... Options and no Incentive Stock Options shall be granted thereafter. Amendments to the Plan not requiring stockholder shareholder approval shall become effective when adopted by the Board of Directors; amendments Board. Amendments requiring stockholder shareholder approval (as provided in Section 19(a)) shall become effective when adopted by the Board of Directors, Board, but no Incentive Stock Option granted after the date of such amendment shall become exercisable (to the extent that such amendment to the Plan was required to enable the Company to grant such Incentive Stock Option to a particular optionee) unless and until such amendment shall have been approved by the Company's stockholders. If such stockholder if shareholder approval is not obtained within twelve months of the Board's adoption of such amendment, any Incentive Stock Options granted on or after the date of pursuant to such amendment shall terminate be deemed to the extent be non-statutory Options provided that such amendment to Options are authorized by the Plan was required to enable the Company to grant such option to a particular optionee. Plan. Subject to this limitation, options Options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan. (b) 20.2 Termination. Unless sooner terminated in accordance with Section 16, by action of the Board of Directors, the Plan shall terminate upon the earlier of (i) the close of business on the day next preceding the tenth anniversary of the date of its adoption by the Board of Directors, or (ii) the date on which all shares available for issuance under the Plan shall have been issued pursuant to the exercise or cancellation of options granted under the Plan. If the date of termination is determined under (i) above, then options outstanding on such date shall continue to have force and effect in accordance with the provisions of the instruments evidencing such options. Directors. View More Arrow
Found in SELECTA BIOSCIENCES INC contract
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Effective Date and Duration of the Plan. The Plan is effective as of the Effective Date. The Plan will terminate at midnight on March 07, 2026 and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of the Plan. Incentive Awards outstanding upon termination of the Plan may continue to be exercised, or become free of restrictions, according to their terms.
Found in MOBIVITY HOLDINGS CORP. contract
Effective Date and Duration of the Plan. The Plan is effective as of the Effective Date. The Plan will terminate at midnight on March 07, 2026 January 24, 2028 and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of the Plan. Incentive Awards outstanding upon termination of the Plan may continue to be exercised, or become free of restrictions, according to their terms.
Found in TFF Pharmaceuticals, Inc. contract
Effective Date and Duration of the Plan. The Plan is effective as of the Effective Date. The Plan will terminate at midnight on March 07, 2026 the tenth (10th) anniversary of such Effective Date, and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of the Plan. Incentive Awards outstanding upon termination of the Plan may continue to be exercised, earned or become free of restrictions, according to in accordance with their terms.
Found in ENTELLUS MEDICAL INC contract
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Effective Date and Duration of the Plan. The Plan will be effective as of the Effective Date and will terminate at midnight May 12, 2025, and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of the Plan but Incentive Awards outstanding upon termination of the Plan will remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of the Plan.
Found in MARTEN TRANSPORT LTD contract
Effective Date and Duration of the Plan. The Plan will be effective as of the Effective Date and will terminate at midnight May 12, 2025, on the day before the tenth (10th) anniversary of the Effective Date, and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of the Plan but Incentive Awards outstanding upon termination of the Plan will remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of the Plan.
Found in MOCON INC contract
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Effective Date and Duration of the Plan. 13.1 Effective Date. The Plan first became effective on the Effective Date, which was the date it was first approved by the Company's stockholders. Material amendments to the plan were last approved by the Company's stockholders on the Amendment Date, which shall be considered the date of its most recent adoption for purposes of Treasury Regulation §1.422-2(b)(2)(i). If the Company's stockholders fail to approve the amendment and restatement of the Plan within 12 months of such approval by the B...oard, the amendments and restatement shall be of no further force or effect and the Plan shall continue in accordance with its original terms. 13.2 Duration of the Plan. The Plan shall remain in effect until all Stock subject to it shall be distributed, all Awards have expired or lapsed, the Plan is terminated pursuant to Plan Section 16, or the tenth anniversary of the Amendment Date, whichever occurs first (the "Termination Date"). Awards made before the Termination Date may be exercised, vested or otherwise effectuated beyond the Termination Date unless limited in the Agreement or otherwise. No Award of an Incentive Stock Option shall be made more than 10 years after the Amendment Date (or such other limit as may be required by the Code) if this limitation is necessary to qualify the Option as an Incentive Stock Option. The date and time at which an Award is made or granted shall be the date and time the Committee approves the grant of the Award, or such later date and time as may be specified by the Committee at the time it approves the Award. 11 14. Plan Does Not Affect Employment Status. 14.1 No Entitlement to Award. Status as an eligible Employee or other service provider shall not be construed as a commitment that any Award will be made under the Plan to that eligible Employee or service provider or to eligible individuals generally. 14.2 No Right to Continued Employment. Nothing in the Plan or in any Agreement or related documents shall confer upon any Participant any right to continue in the employment of the Company or any Affiliate or constitute any contract of employment or affect any right that the Company or any Affiliate may have to change such person's compensation, other benefits, job responsibilities, or title, or to terminate the employment of such person with or without cause. View More Arrow
Found in Digi International Inc. contract
Effective Date and Duration of the Plan. 13.1 Effective Date. The Plan first became shall become effective on the Effective Date, which was the date it was first is approved by the Company's stockholders. Material amendments to the plan were last approved by the Company's stockholders on the Amendment Date, stockholders, which shall be considered the date of its most recent adoption for purposes of Treasury Regulation §1.422-2(b)(2)(i). No Awards shall be made under the Plan prior to its Effective Date. If the Company's stockholders fa...il to approve the amendment and restatement of the Plan within 12 months of such its approval by the Board, the amendments and restatement Plan shall be of no further force or effect and the Plan shall continue in accordance with its original terms. effect. 13.2 Duration of the Plan. The Plan shall remain in effect until all Stock subject to it shall be distributed, all Awards have expired or lapsed, the Plan is terminated pursuant to Plan Section 16, or the tenth anniversary of the Amendment Date, Effective Date of the Plan, whichever occurs first (the "Termination Date"). Awards made before the Termination Date may be exercised, vested or otherwise effectuated beyond the Termination Date unless limited in the Agreement or otherwise. No Award of an Incentive Stock Option shall be made more than 10 years after the Amendment Effective Date of the Plan (or such other limit as may be required by the Code) if this limitation is necessary to qualify the Option as an Incentive Stock Option. The date and time at which an Award is made or granted shall be the date and time the Committee approves the grant of the Award, or such later date and time as may be specified by the Committee at the time it approves the Award. 11 14. Plan Does Not Affect Employment Status. 14.1 No Entitlement to Award. Status as an eligible Employee or other service provider shall not be construed as a commitment that any Award will be made under the Plan to that eligible Employee or service provider or to eligible individuals generally. 14.2 No Right to Continued Employment. Nothing in the Plan or in any Agreement or related documents shall confer upon any Participant any right to continue in the employment of the Company or any Affiliate or constitute any contract of employment or affect any right that the Company or any Affiliate may have to change such person's compensation, other benefits, job responsibilities, or title, or to terminate the employment of such person with or without cause. View More Arrow
Found in Digi International Inc. contract
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