Effective Date and Term of Plan Clause Example with 4 Variations from Business Contracts

This page contains Effective Date and Term of Plan 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.
Effective Date and Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated. Subject to Section 17 below, and Applicable Laws, Awards may be granted under the Plan upon its becoming effective. 16 13. Amendment, Suspension or Termination of the Plan. (a) The Board may at any time amend, suspend or terminate the Plan. To the extent necessary to comply wit...h Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. (b) No Award may be granted during any suspension of the Plan or after termination of the Plan. (c) No suspension or termination of the Plan (including termination of the Plan under Section 12, above) shall adversely affect any rights under Awards already granted to a Grantee. View More
Found in resTORbio, Inc. contract

Variations of a "Effective Date and Term of Plan" Clause from Business Contracts

Effective Date and Term of Plan. The Plan shall become effective upon continue in effect for a term of ten (10) years from the earlier of the Plan's adoption by the Board or its approval by the stockholders of the Company unless sooner terminated. Incentive Stock Options may only be granted for ten (10) years from the earlier to occur of its the Plan's adoption by the Board or its approval by the stockholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated. Subject to Section 17... 17, below, and Applicable Laws, Awards may be granted under the Plan upon its becoming effective. 16 15 13. Amendment, Suspension or Termination of the Plan. (a) The Board may at any time amend, suspend or terminate the Plan. To Plan; provided, however, that no such amendment shall be made without the approval of the Company's stockholders to the extent necessary to comply with such approval is required by Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. Laws. (b) No Award may be granted during any suspension of the Plan or after termination of the Plan. (c) No suspension or termination of the Plan (including termination of the Plan under Section 12, 11, above) shall adversely affect any rights under Awards already granted to a Grantee. View More
Found in Inovalon Holdings, Inc. contract
Effective Date and Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated. Subject to Section 17 13 below, and Applicable Laws, Awards may be granted under the Plan upon its becoming effective. 16 9 13. Amendment, Suspension or Termination of the Plan. (a) The Board may at any time amend, suspend or terminate the Plan. To the extent necessary to compl...y with Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. (b) No Award may be granted during any suspension of the Plan or after termination of the Plan. (c) No Any amendment, suspension or termination of the Plan (including termination of the Plan under Section 12, above) shall adversely not affect any rights under Awards already granted to a Grantee. granted, and such Awards shall remain in full force and effect as if the Plan had not been amended, suspended or terminated, unless mutually agreed otherwise between the Grantee and the Administrator, which agreement must be in writing and signed by the Grantee and the Company. View More
Found in ETERNITY HEALTHCARE INC. contract
Effective Date and Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders shareholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated. Subject to Section 17 17, below, and Applicable Laws, Awards may be granted under the Plan upon its becoming effective. 16 17 13. Amendment, Suspension or Termination of the Plan. (a) The Board may at any time amend, suspend or terminate the Plan. To Plan; provided..., however, that no such amendment shall be made without the approval of the Company's shareholders to the extent necessary to comply with such approval is required by Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. Laws. (b) No Award may be granted during any suspension of the Plan or after termination of the Plan. (c) No suspension or termination of the Plan (including termination of the Plan under Section 12, 11, above) shall adversely affect any rights under Awards already granted to a Grantee. View More
Found in Organicell Regenerative Medicine, Inc. contract
Effective Date and Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated. Subject to Section 17 17, below, and Applicable Laws, Awards may be granted under the Plan upon its becoming effective. 16 15 13. Amendment, Suspension or Termination of the Plan. (a) The Board may at any time amend, suspend or terminate the Plan. To Plan; provided, however, th...at no such amendment shall be made without the approval of the Company's stockholders to the extent necessary to comply with such approval is required by Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. Laws. (b) No Award may be granted during any suspension of the Plan or after termination of the Plan. (c) No suspension or termination of the Plan (including termination of the Plan under Section 12, 10, above) shall adversely affect any rights under Awards already granted to a Grantee. View More
Found in CEVA, Inc. contract