Example ContractsClausesadoption and stockholder approvalVariants
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Stockholder Approval. The Plan will be submitted for the approval of the Company’s stockholders within twelve (12) months after the date of the Board’s initial adoption of the Plan. Options or Stock Purchase Rights may be granted prior to such stockholder approval, provided that such Options and Stock Purchase Rights shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approved by the stockholders, and provided further that if such approval has not been obtained at the end of said twelve-month period, all Options and Stock Purchase Rights previously granted under the Plan shall thereupon be canceled and become null and void.

Stockholder Approval.Approval of Plan by Stockholders. The Plan willshall be submitted for the approval of the Company’Company's stockholders within twelve (12) months after the date of the Board’Board's initial adoption of the Plan. Options or Stock Purchase RightsAwards may be granted or awarded prior to such stockholder approval, providedapproval; provided, however, that such Options and Stock Purchase RightsAwards shall not be exercisable, shall not vest and the restrictions thereon shall not lapse and no Shares shall be issued pursuant thereto prior to the time when the Plan is approved by the Company's stockholders, and provided furtherprovided, further, that if such approval has not been obtained at the end of said twelve-such twelve (12)-month period, all Options and Stock Purchase Rightssuch Awards previously granted or awarded under the Plan shall thereupon be canceled and become null and void.

Stockholder Approval. The Plan will be submitted forsubject to approval by the approvalstockholders of the Company’s stockholdersCompany within twelve (12) months after the date of the Board’s initial adoption of the Plan. Options or Stock Purchase Rights may be granted prior to such stockholder approval, provided that such Options and Stock Purchase Rights shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approvedadopted by the stockholders,Board. Such stockholder approval will be obtained in the manner and provided further that if such approval has not been obtained atto the end of said twelve-month period, all Options and Stock Purchase Rights previously granteddegree required under the Plan shall thereupon be canceled and become null and void.Applicable Laws.

Stockholder Approval. The Plan willshall be submitted forsubject to approval by the approvalstockholders of the Company’s stockholders withinCompany prior to the later of # twelve (12) months after the date the Plan is adopted or # the date of the Board’s initial adoptionfirst grant of the Plan. Optionsan Option or Stock Purchase Rights mayRight to a Service Provider in California if such grant is to be granted priorexempt from qualification under Section 25102(o) of the California Corporations Code. Each Option or Stock Purchase Right intended to be exempt from qualification under Section 25102(o) of the California Corporations Code shall be canceled, and any issuance of Shares pursuant to such stockholder approval, provided that such Options andOption or Stock Purchase RightsRight shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time whenrescinded, if the Plan is not approved by the stockholders, and provided further that if such approval has not been obtained atCompany’s stockholders (excluding the endvotes of said twelve-month period, all Options and Stock Purchase Rights previously grantedShares issued under the Plan) within twelve (12) months before or after the date the Plan is adopted by the Board. Such stockholder approval shall thereupon be canceledobtained in the degree and become null and void.manner required under Applicable Laws.

Stockholder Approval. The Plan will be submitted forIf required by the approvalApplicable Laws, continuance of the Company’sPlan shall be subject to approval by the stockholders of the Company within twelve (12) months before or after the date of the Board’s initial adoption of the Plan. Options or Stock Purchase Rights may be granted prior to such stockholder approval, provided that such Options and Stock Purchase Rights shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approved byadopted. Such stockholder approval shall be obtained in the stockholders,manner and provided further that if such approval has not been obtained atto the end of said twelve-month period, all Options and Stock Purchase Rights previously granteddegree required under the Plan shall thereupon be canceled and become null and void.Applicable Laws.

Stockholder Approval.APPROVAL OF BOARD OF DIRECTORS AND SHAREHOLDERS. The Plan will be submitted forshall not take effect until approved by the approvalBoard of Directors of the Company’s stockholdersCorporation. This Plan shall be approved by a vote of the shareholders within twelve (12)12 months afterfrom the date of approval by the Board’s initial adoptionBoard of Directors. In the Plan. Optionsevent such shareholder vote is not obtained, all options granted hereunder, whether vested or unvested, shall be null and void. Further, any Stock Purchase Rights may be granted prior to such stockholder approval, provided that such Options and Stock Purchase Rights shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prioracquired pursuant to the time when the Plan is approved by the stockholders, and provided further that if suchexercise of any options under this Agreement may not count for purposes of determining whether shareholder approval has not been obtained at the end of said twelve-month period, all Options and Stock Purchase Rights previously granted under the Plan shall thereupon be canceled and become null and void.obtained.

Term; Stockholder Approval. TheAfter the Board adopts this Plan, this Plan will become effective on the Offering Date (as defined above). This Plan shall be submitted forapproved by the approvalstockholders of the Company’s stockholdersCompany, in any manner permitted by applicable corporate law, within twelve (12) months before or after the date this Plan is adopted by the Board. No purchase of the Board’s initial adoption of the Plan. Options or Stock Purchase Rights may be grantedshares pursuant to this Plan shall occur prior to such stockholder approval, provided that such Options and Stock Purchase Rightsapproval. This Plan shall not be exercisable, shall not vest andcontinue until the restrictions thereon shall not lapse priorearlier to the time when theoccur of # termination of this Plan is approved by the stockholders, and provided further that if such approval has not been obtainedBoard (which termination may be effected by the Board at any time), # issuance of all of the endshares of said twelve-month period, all Options andCommon Stock Purchase Rights previously grantedreserved for issuance under this Plan, or # ten (10) years from the adoption of this Plan shall thereupon be canceled and become null and void.by the Board.

Stockholder Approval. The Plan will be submitted for thePlan, and any amendments hereto requiring stockholder approval pursuant to Section 14, are subject to approval by vote of the Company’sstockholders of the Company at an annual or special meeting of the stockholders within twelve (12) months afterof the date of the Board’s initialits adoption of the Plan. Options or Stock Purchase Rights may be granted prior to such stockholder approval, provided that such Options and Stock Purchase Rights shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approved by the stockholders, and provided further that if such approval has not been obtained at the end of said twelve-month period, all Options and Stock Purchase Rights previously granted under the Plan shall thereupon be canceled and become null and void.Board.

Stockholder Approval. The Plan will be submitted forsubject to approval by the approvalshareholders of the Company’s stockholdersCompany within twelve (12) months after the date of the Board’s initial adoption of the Plan. Options or Stock Purchase Rights may be granted prior to such stockholder approval, provided that such Options and Stock Purchase Rights shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approvedadopted by the stockholders,Board. Such shareholder approval will be obtained in the manner and provided further that if such approval has not been obtained atto the end of said twelve-month period, all Options and Stock Purchase Rights previously granteddegree required under the Plan shall thereupon be canceled and become null and void.Applicable Laws.

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