Term of Plan Clause Example from Business Contracts

This example Term of Plan clause appears in 10 contracts from 8 companies

Term of Plan. The Plan shall become effective upon its adoption by the Board of Directors. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 16 of the Plan.
Sonendo, Inc. Contracts

2007 Stock Plan (Filed With SEC on October 8, 2021)