Termination or Suspension of the Plan Clause Example from Business Contracts

This example Termination or Suspension of the Plan clause appears in 3 contracts from 3 companies

Termination or Suspension of the Plan. (a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan shall automatically terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the stockholders of the Company. No 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 sh...all not impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. View More