Plan Term Earlier Termination or Suspension of the Plan Clause Example from Business Contracts

This example Plan Term Earlier Termination or Suspension of the Plan clause appears in 28 contracts from 21 companies

Plan Term Earlier Termination or Suspension of the Plan. (a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan will automatically terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the stockholders of the Company. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated. (b) No Impairment of Rights. Suspension or termination of the Pl...an will not impair rights and obligations under any Stock Award granted while the Plan is in effect except with the written consent of the affected Participant or as otherwise permitted in the Plan. View More Arrow
Olo Inc. Contracts

2015 Equity Incentive Plan (Filed With SEC on February 19, 2021)