Term of Plan Clause Example from Business Contracts

This example Term of Plan clause appears in 9 contracts from 6 companies

Term of Plan. Subject to Section 23 of the 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 ten (10) years from the date adopted by the Board, unless terminated earlier under Section 19 of the Plan.
Kodiak Sciences Inc. Contracts

2018 Equity Incentive Plan (Filed With SEC on September 24, 2018)