Term of Plan Clause Example from Business Contracts
This example Term of Plan clause appears in 2 contracts from 1 company
Term of Plan. Subject to shareholder 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 shareholder approval of an increase in the number of Shares reserved for issuance under the Plan.
Found in
Achaogen, Inc. contract
Achaogen, Inc. Contracts
ACHAOGEN, INC. AMENDEDAND RESTATED 2003 STOCK PLAN (as adopted by the Board on April 4, 2013 and amended January 30, 2014) (Filed With SEC on February 12, 2014)
ACHAOGEN, INC. AMENDEDAND RESTATED 2003 STOCK PLAN (as adopted by the Board on April 4, 2013) (Filed With SEC on January 24, 2014)
