Term of Plan Clause Example from Business Contracts

This example Term of Plan clause appears in 15 contracts from 13 companies

Term of Plan. Subject to stockholder approval in accordance with Section 19, the Plan shall become effective upon its adoption by the Board. Unless sooner terminated under Section 15, it shall continue in effect for a term of ten (10) years from the later of (i) the effective date of the Plan, or (ii) the earlier of the most recent board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan.
MULESOFT, INC Contracts

MULESOFT, INC 2006STOCK PLAN (Filed With SEC on February 17, 2017)