Term of Plan Clause Example from Business Contracts

This example Term of Plan clause appears in 2 contracts from 2 companies

Term of Plan. Unless earlier terminated under Section 19(a) below, the Plan will continue in effect for a term of ten (10) years from the later of (a) the Effective Date 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.