Effectiveness of the Plan Contract Clauses (26)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Effectiveness of the Plan clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board or the Committee subject, however, to its further approval by the shareholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board or the Committee at a regular meeting of the shareholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder approval but all Award grants made prior to shareholder approval shall be subject to the obtai...ning of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose. View More
Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board or the Committee subject, however, to its further approval by the shareholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board or the Committee at a regular meeting of the shareholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder approval but all Award grants made prior to shareholder approval shall be subject to the obtai...ning of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose. 12 15.Time of Granting of an Award. An Award grant under the Plan shall be deemed to be made on the date on which the Committee, by formal action of its members duly recorded in the records thereof, makes an Award to a Participant (but in no event prior to the adoption of the Plan by the Board); provided that, such Award is evidenced by a written Award Agreement duly executed on behalf of the Company and on behalf of the Participant within a reasonable time after the date of the Committee action. View More
Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board or the Committee subject, however, and subject to its further approval by the shareholders of the Company given within twelve (12) months of after the date the Plan is adopted of its adoption by the Board or the Committee at a regular duly convened meeting of the shareholders or at a special meeting duly called and held for such purpose. shareholders. Grants of Awards may be made after adoption of the Plan by the Board and prior to such ...shareholder approval approval, but all Award grants Awards made prior to shareholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose. View More
View Variations (2)
Effectiveness of the Plan. The Original Plan was adopted by the Board on August 12, 2014 (the "Adoption Date"), and by the stockholders of the Company on August 11, 2015. The Plan was adopted in this amended and restated form by the Board on May 27, 2020.
Effectiveness of the Plan. The Original Plan was adopted by the Board on August 12, 2014 (the "Adoption Date"), and by the stockholders of the Company on August 11, 2015. The Plan was adopted in this amended and restated form by the Board on May 27, 2020. June __, 2022.
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