Termination or Suspension of the Plan Clause Example with 4 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. The Plan shall terminate automatically on September 9, 2023. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. Unless the Company determines to submit Section 7.4 of the Plan and the definition of "Performance Goal" and "Performance C...riteria" to the Company's shareholders at the first shareholder meeting that occurs in the fifth year following the year in which the Plan was last approved by shareholders (or any earlier meeting designated by the Board), in accordance with the requirements of Section 162(m) of the Code, and such shareholder approval is obtained, then no further Performance Compensation Awards shall be made to Covered Employees under Section 7.4 after the date of such annual meeting, but the Plan may continue in effect for Awards to Participants not in accordance with Section 162(m) of the Code. View More
Found in Actinium Pharmaceuticals, Inc. contract

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

Termination or Suspension of the Plan. The Plan shall terminate automatically on September 9, 2023. January 23, 2025. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. Unless the Company determines to submit Section 7.4 7.3 of the Plan and the definition of "Performance Go...al" and "Performance Criteria" to the Company's shareholders stockholders at the first shareholder stockholder meeting that occurs in the fifth year following the year in which the Plan was last approved by shareholders stockholders (or any earlier meeting designated by the Board), in accordance with the requirements of Section 162(m) of the Code, and such shareholder stockholder approval is obtained, then no further Performance Compensation Qualifying Performance-Based Awards shall be made to Covered Employees under Section 7.4 7.3 after the date of such annual meeting, but the Plan may continue in effect for Awards to Participants not in accordance with Section 162(m) of the Code. View More
Found in TCF Financial Corp contract
Termination or Suspension of the Plan. The Plan shall terminate automatically on September 9, 2023. January 25,2025. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. Unless the Company determines to submit Section 7.4 7.3 of the Plan and the definition of "Performance Goa...l" and "Performance Criteria" to the Company's shareholders stockholders at the first shareholder stockholder meeting that occurs in the fifth year following the year in which the Plan was last approved by shareholders stockholders (or any earlier meeting designated by the Board), in accordance with the requirements of Section 162(m) of the Code, and such shareholder stockholder approval is obtained, then no further Performance Compensation Qualifying Performance-Based Awards shall be made to Covered Employees under Section 7.4 7.3 after the date of such annual meeting, but the Plan may continue in effect for Awards to Participants not in accordance with Section 162(m) of the Code. View More
Found in TCF Financial Corp contract
Termination or Suspension of the Plan. The Plan shall terminate automatically on September 9, 2023. the tenth anniversary of the Effective Date. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. Unless the Company determines to submit Section 7.4 7.3 of the Plan and the de...finition of "Performance Goal" and "Performance Criteria" to the Company's shareholders stockholders at the first shareholder stockholder meeting that occurs in the fifth year following the year in which the Plan was last approved by shareholders stockholders (or any earlier meeting designated by the Board), in accordance with the requirements of Section 162(m) of the Code, 162(m), and such shareholder stockholder approval is obtained, then no further Performance Compensation Awards shall be made to Covered Employees under Section 7.4 7.3 after the date of such annual meeting, but the Plan may continue in effect for Awards to Participants not in accordance with Section 162(m) of the Code. 162(m). View More
Found in BIOCEPT INC contract
Termination or Suspension of the Plan. The Plan shall terminate automatically on September 9, 2023. 14, 2027. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. Unless the Company determines to submit Section 7.4 of the Plan and the definition of "Performance Goal" and "Per...formance Criteria" to the Company's shareholders stockholders at the first shareholder stockholder meeting that occurs in the fifth year following the year in which the Plan was last approved by shareholders stockholders (or any earlier meeting designated by the Board), in accordance with the requirements of Section 162(m) of the Code, and such shareholder stockholder approval is obtained, then no further Performance Compensation Awards shall be made to Covered Employees under Section 7.4 after the date of such annual meeting, but the Plan may continue in effect for Awards to Participants not in accordance with Section 162(m) of the Code. View More
Found in VICTORY OILFIELD TECH, INC. contract