Grouped Into 49 Collections of Similar Clauses From Business Contracts
This page contains Term of Plan clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Term of Plan. Unless the Board terminates this Plan pursuant to Section 16 on an earlier date, this Plan shall terminate on the date that is ten years after the Effective Date, and no Awards may be granted after such termination date. The termination of this Plan shall not affect the validity of any Award outstanding on the date of termination.
Term of Plan. Unless the Board terminates this Plan pursuant to Section 16 17 on an earlier date, this Plan shall terminate on the date that is ten years after the Effective Date, effective date of the Plan as set forth in Section 2, and no Awards may be granted after such termination date. The termination of this Plan shall not affect the validity of any Award outstanding on the date of termination.
Term of Plan. The Plan was originally adopted by the Board of Directors and approved by the shareholders of the Company on June 14, 2017 (the "Effective Date"), and subsequently amended effective as of May 18, 2021. It shall continue in effect for a term of ten (10) years from the Effective Date unless sooner terminated under Section 20 below. No Award shall be granted under the Plan after the earliest to occur of (i) the 10-year anniversary of the Effective Date; provided that to the extent permitted by the ...listing rules of any stock exchange on which the Company is listed, such 10-year term may be extended indefinitely so long as the maximum number of Shares available for issuance under the Plan have not been issued; (ii) the maximum number of Shares available for issuance under the Plan have been issued; or (iii) the Board terminates the Plan in accordance with Section 20. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date, and the authority of the Administrator to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date.View More
Term of Plan. The Plan was originally adopted by the Board of Directors (on June 14, 2017) and approved by the shareholders of the Company on June (June 14, 2017 (the "Effective Date"), and subsequently amended 2017). It shall be effective as of May 18, 2021. It shall (June 14, 2017) (the "Effective Date") and continue in effect for a term of ten (10) years from the Effective Date unless sooner terminated under Section 20 below. No Award shall be granted under the Plan after the earliest to occur of (i) the 1...0-year anniversary of the Effective Date; provided that to the extent permitted by the listing rules of any stock exchange on which the Company is listed, such 10-year term may be extended indefinitely so long as the maximum number of Shares available for issuance under the Plan have not been issued; (ii) the maximum number of Shares available for issuance under the Plan have been issued; or (iii) the Board terminates the Plan in accordance with Section 20. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date, and the authority of the Administrator to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date. View More
Term of Plan. Subject to its approval at the 2016 annual meeting of the Company's stockholders, the Plan shall first apply to the 2017 Plan Year. Once approved by the Company's stockholders, the Plan shall continue until terminated under Section 8 of the Plan.
Term of Plan. Subject to its approval at the 2016 2009 annual meeting of the Company's stockholders, the Plan shall first apply to the 2017 2011 Plan Year. Once approved by the Company's stockholders, the Plan shall continue until terminated under Section 8 10 of the Plan.
Term of Plan. The Plan shall become effective upon its approval by shareholders of the Company. It shall continue in effect for a term of ten (10) years from the later of the date the Plan or any amendment to add shares to the Plan is approved by shareholders of the Company unless terminated earlier under Section 15 of the Plan. 7. Term of Award. The term of each Award shall be determined by the Administrator and stated in the Award Agreement. In the case of an Option or SAR, the term shall be ten (10) years ...from the Grant Date or such shorter term as may be provided in the Award Agreement; provided that the term may be ten and one-half (10 1 / 2 ) years in the case of Options granted to Awardees in certain jurisdictions outside the United States as determined by the Administrator.View More
Term of Plan. The Plan shall become effective upon its approval by shareholders of the Company. It shall continue in effect for a term of ten (10) years from the later of the date the Plan or any amendment to add shares to the Plan is approved by shareholders of the Company unless terminated earlier under Section 15 of the Plan. Plan; provided, however, that Incentive Stock Options shall not be granted following the later of the date the Plan or any amendment to add shares to the Plan is approved the Board to... the extent this date is earlier than the date approved by shareholder of the Company. 7 7. Term of Award. The term of each Award shall be determined by the Administrator and stated in the Award Agreement. In the case of an Option or SAR, the term shall be ten (10) years from the Grant Date or such shorter term as may be provided in the Award Agreement; provided that the term may be ten and one-half (10 1 / 2 ) years in the case of Options granted to Awardees in certain jurisdictions outside the United States as determined by the Administrator. Agreement. View More
Term of Plan. The Plan shall continue in effect for a term of ten years from the date this Plan is first adopted by the Board, unless the Plan is sooner terminated under Section 16.
Term of Plan. The Plan shall continue in effect for a term of ten years from the date this amended and restated Plan is first adopted by the Board, unless the Plan is sooner terminated under Section 16. 17.
Term of Plan. The Plan shall become effective as of the date the Plan is approved by the Company's stockholders (the "Effective Date"). Subject to approval by the stockholders of the Company in accordance with this Section 23, the Plan shall be in effect until the day before the tenth (10th) anniversary of the Effective Date, unless sooner terminated under Section 20 of the Plan. In the event the Company's stockholders do not approve this Plan pursuant to this Section 23, neither this Plan nor any elections m...ade hereunder shall be of any force or effect, any outstanding Option shall be cancelled for no consideration, and all amounts deducted from each Participant's paycheck shall be repaid to such Participant as soon as practicable without interest.View More
Term of Plan. The Plan shall become effective as of the date the Effective Date. The Plan is shall be deemed to be approved by the Company's stockholders (the "Effective Date"). shareholders if it receives the affirmative vote of the Company's shareholders in accordance with the by-laws of the Company. Subject to approval by the stockholders shareholders of the Company in accordance with this Section 23, the Plan shall be in effect until the day before the tenth (10th) anniversary of the Effective Date, date ...of the initial adoption of the Plan by the Board, unless sooner terminated under Section 20 of the Plan. hereof. In the event the Company's stockholders shareholders do not approve this Plan pursuant to this Section 23, neither this Plan nor any elections made hereunder shall be of any force or effect, any outstanding Option option shall be cancelled for no consideration, and all amounts deducted from each Participant's paycheck shall be repaid to such Participant as soon as practicable without interest. View More
Term of Plan. The Plan was adopted by the Board and approved by the Company's stockholders on August 29, 2019. The Plan shall become effective on the date of the Company's IPO. It shall continue in effect until August 29, 2029 unless sooner terminated under paragraph 20. 10 EX-10.6 9 a2239587zex-10_6.htm EX-10.6 Exhibit 10.6 SMILEDIRECTCLUB, INC. 2019 STOCK PURCHASE PLAN The following constitute the provisions of the 2019 Stock Purchase Plan of SmileDirectClub, Inc. 1. Purpose. The purpose of the Plan is to p...rovide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. However, the Company may grant options pursuant to one or more offerings under the Plan that are not intended to meet the requirements of Code Section 423. The Plan was adopted by the Board and approved by the Company's stockholders on [·], 2019. The Plan shall become effective on the date of the Company's IPO.View More
Term of Plan. The Plan was adopted by the Board and approved by the Company's stockholders on August 29, 2019. The Plan shall become effective on [·], 2019 subject to its approval by the date stockholders of the Company's IPO. Company at the 2010 Annual Stockholders Meeting. It shall continue in effect until August 29, [·], 2029 unless sooner terminated under paragraph 20. 10 9 EX-10.6 9 a2239587zex-10_6.htm 6 a2239489zex-10_6.htm EX-10.6 Exhibit 10.6 FORM OF SMILEDIRECTCLUB, INC. 2019 EMPLOYEE STOCK PURCHASE... PLAN The following constitute the provisions of the 2019 Employee Stock Purchase Plan of SmileDirectClub, Inc. 1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. However, the Company may grant options pursuant to one or more offerings under the Plan that are not intended to meet the requirements of Code Section 423. The Plan was adopted by the Board and approved by the Company's stockholders on [·], 2019, subject to stockholder approval at the 2019 Annual Stockholders Meeting. The Plan shall become effective with the Offering Period commencing on the date of the Company's IPO. October 16, 2019. View More
Term of Plan. Subject to Section 22 hereof, the Plan will become effective upon its adoption by the Board (the "Effective Date"). It will continue in effect for a term of ten (10) years unless terminated earlier under Section 19 hereof; provided, however, that such expiration shall not affect Awards then outstanding, and the terms and conditions of this Plan shall continue to apply to such Awards.
Term of Plan. Subject to Section 22 21 hereof, the Plan will become effective upon its adoption by the Board (the "Effective Date"). It will continue in effect for a term of ten (10) years unless terminated earlier under Section 19 18 hereof; provided, however, that such expiration shall not affect Awards then outstanding, and the terms and conditions of this Plan shall continue to apply to such Awards.
Term of Plan. The Plan shall become effective upon its adoption by the Board of Directors (the "Effective Date"). It shall continue in effect for a term of ten (10) years from the -7- later of the Effective Date or the date any amendment to add shares to the Plan is approved by stockholders of the Company unless sooner terminated under Section 15 of the Plan.
Term of Plan. The Plan shall become effective upon its adoption by the Board of Directors (the "Effective Date"). It shall continue in effect for a term of ten (10) years from the -7- later of the Effective Date or or, with respect to any additional shares approved for the Plan, the date any such amendment to add such shares to the Plan is approved by stockholders of the Company unless sooner terminated under Section 15 of the Plan.
