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

Plan Term Earlier Termination or Suspension of the Plan. The Board may suspend or terminate the Plan at any time. No Incentive Share Options may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board (the "Adoption Date"), or (ii) the date the Plan is approved by the shareholders of the Company. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. Suspension or termination of the Plan will not impair rights and obligations under any Award granted while the Plan i...s in effect except with the written consent of the affected Participant or as otherwise permitted in the Plan. View More