Term Stockholder Approval Clause Example from Business Contracts

This example Term Stockholder Approval clause appears in 7 contracts from 5 companies

Term Stockholder Approval. This Plan will become effective on the Effective Date. This Plan will be approved by the stockholders of the Company within twelve (12) months before or after the date this Plan is adopted by the Board. No purchase of shares that are subject to such stockholder approval before becoming available under this Plan will occur prior to stockholder approval of such shares, and the Committee may delay any Purchase Date and postpone the commencement of any Offering Period subsequent to such Purchase Dat...e as deemed necessary or desirable to obtain such approval (provided, that if a Purchase Date would occur more than twenty-four (24) months after commencement of the Offering Period to which it relates, then such Purchase Date will not occur, and instead such Offering Period will terminate without the purchase of such shares and Participants in such Offering Period will be refunded their contributions without interest unless the payment of interest is required under local laws). This Plan will continue until the earlier to occur of (a) termination of this Plan by the Board (which termination may be effected by the Board at any time pursuant to Section 25 below), (b) issuance of all of the shares of Common Stock reserved for issuance under this Plan, or (c) the tenth anniversary of the first Purchase Date under the Plan. View More
Found in Stoke Therapeutics, Inc. contract
Stoke Therapeutics, Inc. Contracts

2019 Employee Stock Purchase Plan, to become effective on the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on June 7, 2019)

PELOTON INTERACTIVE, INC. Contracts

2019 Employee Stock Purchase Plan, to be effective on the effective date of this Registration Statement, and form of subscription agreement thereunder (Filed With SEC on September 10, 2019)

Passage BIO, Inc. Contracts

2020 Employee Stock Purchase Plan, to become effective on the date the registration statement is declared effective (Filed With SEC on February 18, 2020)

Arcutis Biotherapeutics, Inc. Contracts

2020 Employee Stock Purchase Plan, to become effective on the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on January 21, 2020)

2020 Employee Stock Purchase Plan, to become effective on the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on January 6, 2020)

GRAYBUG VISION, INC. Contracts

2020 Employee Stock Purchase Plan, to become effective on the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on September 4, 2020)

2020 Employee Stock Purchase Plan, to become effective on the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on September 21, 2020)