Termination or Suspension of the Plan Clause Example from Business Contracts

This example Termination or Suspension of the Plan clause appears in 12 contracts from 7 companies

Termination or Suspension of the Plan. (a) PLAN TERM. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the day before the tenth (10th) anniversary of the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated. (b) NO IMPAIRMENT OF RIGHTS. Suspension or termination of the Plan shall not impair rights and obligations under a...ny Stock Award granted while the Plan is in effect except with the written consent of the Participant. View More Arrow
Olo Inc. Contracts

2005 Equity Incentive Plan (Filed With SEC on February 19, 2021)