Termination or Suspension of the Plan Clause Example with 5 Variations from Business Contracts

This page contains Termination or Suspension of the Plan clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination or Suspension of the Plan. (a) Termination or Suspension. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on September 29, 2030 (which shall be within ten (10) years from the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier), and no Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated, but Stock Awards and Stock Award Agreements then outstanding shall continue in... effect in accordance with their respective terms. (b) No Impairment. Rights and obligations under any Stock Award granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except as otherwise provided herein or with the consent of the person to whom the Stock Award was granted. View More
Found in WEYLAND TECH, INC. contract

Variations of a "Termination or Suspension of the Plan" Clause from Business Contracts

Termination or Suspension of the Plan. (a) Termination or Suspension. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on September 29, 2030 August 14, 2029 (which shall be within ten (10) years from the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier), and no Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated, but Stock Awards and Stock Award Agreements then outstanding s...hall continue in effect in accordance with their respective terms. (b) No Impairment. Rights and obligations under any Stock Award granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except as otherwise provided herein or with the consent of the person to whom the Stock Award was granted. 20 18. Effective Date of Plan. The Plan became effective on August 14, 2019, which is the date that the Plan was originally adopted by the Board (the "Effective Date"). View More
Found in Kannalife Inc contract
Termination or Suspension of the Plan. (a) Termination or Suspension. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on September 29, 2030 October 9, 2027 (which shall be within ten (10) years from the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier), and no Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated, but Stock Awards and Stock Award Agreements then outstanding s...hall continue in effect in accordance with their respective terms. (b) No Impairment. Rights and obligations under any Stock Award granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except as otherwise provided herein or with the consent of the person to whom the Stock Award was granted. 20 18. EFFECTIVE DATE OF PLAN. The Plan became effective on October 10, 2017, which is the date that the Plan was originally adopted by the Board (the "Effective Date"). View More
Found in ONE STOP SYSTEMS, INC. contract
Termination or Suspension of the Plan. (a) Termination or Suspension. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on September 29, 2030 (which shall be within ten (10) years from the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier), earlier, and no Stock Awards Options may be granted under the Plan while the Plan is suspended or after it is terminated, but Stock Awards Options and Stock Award Option Agreements th...en outstanding shall continue in effect in accordance with their respective terms. (b) No Impairment. Rights and obligations under any Stock Award Option granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except as otherwise provided herein or with the consent of the person to whom the Stock Award Option was granted. View More
Found in Vape Holdings, Inc. contract
Termination or Suspension of the Plan. (a) Termination or Suspension. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on September 29, 2030 April 8, 2031 (which shall be within ten (10) years from the date the Plan is adopted by the Board or approved by the stockholders shareholders of the Company, whichever is earlier), and no Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated, but Stock Awards and Stock Award Agreements then ou...tstanding shall continue in effect in accordance with their respective terms. (b) No Impairment. Rights and obligations under any Stock Award granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except as otherwise provided herein or with the consent of the person to whom the Stock Award was granted. View More
Found in SIMULATIONS PLUS INC contract
Termination or Suspension of the Plan. (a) Termination or Suspension. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on September 29, 2030 June 3, 2024 (which shall be within ten (10) years from the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier), and no Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated, but Stock Awards and Stock Award Agreements then outstanding shal...l continue in effect in accordance with their respective terms. (b) No Impairment. Rights and obligations under any Stock Award granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except as otherwise provided herein or with the consent of the person to whom the Stock Award was granted. View More
Found in 2 Contracts from CV Sciences, Inc.