Term of Plan Clause Example with 13 Variations from Business Contracts

This page contains 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.
Term of Plan. The Plan will become effective upon its adoption by the Board. It will continue in effect for a term of ten (10) years from the date adopted by the Board, unless terminated earlier under Section 20 of the Plan. 20. Amendment and Termination of the Plan. (a) Amendment and Termination. The Administrator may at any time amend, alter, suspend or terminate the Plan. (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to co...mply with Applicable Laws. (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. View More
Found in Pulse Evolution Group, Inc. contract

Variations of a "Term of Plan" Clause from Business Contracts

Term of Plan. The Subject to Section 21, the Plan will become effective upon its adoption by the Board. It Unless sooner terminated under Section 18, it will continue in effect for a term of ten (10) 10 years from the later of (a) the effective date adopted by the Board, unless terminated earlier under Section 20 of the Plan, or (b) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan. 20. Amendment -13- 18.Amendment and Termi...nation of the Plan. (a) Amendment and Termination. The Administrator Board may at any time amend, alter, suspend or terminate the Plan. (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws. (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. View More
Found in Experience Investment Corp. contract
Term of Plan. The Subject to Section 21 of the Plan, the Plan will become effective upon its adoption by the Board. It Unless sooner terminated under Section 18, it will continue in effect for a term of ten (10) years from the later of (a) the effective date adopted by the Board, unless terminated earlier under Section 20 of the Plan, or (b) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan. 20. -14- 18. Amendment and Termi...nation of the Plan. (a) Amendment and Termination. The Administrator Board may at any time amend, alter, suspend or terminate the Plan. (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws. (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. View More
Found in Applied Molecular Transport Inc. contract
Term of Plan. The Subject to Section 21 of the Plan, the Plan will become effective upon its adoption by the Board. It Unless sooner terminated under Section 18, it will continue in effect for a term of ten (10) years from the later of (a) the effective date adopted by the Board, unless terminated earlier under Section 20 of the Plan, or (b) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan. 20. 15 18. Amendment and Termina...tion of the Plan. (a) Amendment and Termination. The Administrator Board may at any time amend, alter, suspend or terminate the Plan. (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws. (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. View More
Found in 3 Contracts from 2 Companies