Effective Date Duration Clause Example from Business Contracts

This example Effective Date Duration clause appears in 2 contracts from 1 company

Effective Date Duration. The Plan shall be effective as of the Effective Date. Unless earlier terminated as provided herein, the expiration date of the Plan, on and after which date no Awards may be granted hereunder, shall be the tenth (10th) anniversary of the Effective Date; provided, however, that such expiration shall not affect Awards then outstanding, and the terms and conditions of the Plan shall continue to apply to such Awards.