Term of Plan Clause Example from Business Contracts

This example Term of Plan clause appears in 21 contracts from 15 companies

Term of Plan. The Plan will become effective upon the later to occur of (i) its adoption by the Board or (ii) the business day immediately prior to the Registration Date. It will continue in effect for a term of twenty (20) years, unless sooner terminated under Section 20.
JFrog Ltd Contracts

2020 Employee Share Purchase Plan (Filed With SEC on September 8, 2020)