Example ContractsClausesamendment effective dateVariants
Remove:

Effective Date. The Plan shall become effective when adopted by the Board of Directors. If shareholder approval is not obtained within twelve months after the date of the Board’s adoption of the Plan, no Options previously granted under the Plan shall be deemed to be Incentive Stock Options and no Incentive Stock Options shall be granted thereafter. Amendments to the Plan not requiring shareholder approval shall become effective when adopted by the Board. Amendments requiring shareholder approval shall become effective when adopted by the Board, but if shareholder approval is not obtained within twelve months of the Board’s adoption of such amendment, any Incentive Stock Options granted pursuant to such amendment shall be deemed to be non-statutory Options provided that such Options are authorized by the Plan. Subject to this limitation, Options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan.

Effective Date.

The effective date (the “Effective Date”) is the date on which the Plan shall become effective when adoptedas amended and restated as authorized as by the Board on and approved by the Board on is approved by the stockholders of Directors.the Company. If shareholder approval isthe stockholders of the Company do not obtainedapprove the Plan within twelve12 months after the date of the Board’s adoption of the Plan, no Options previously granted under the Plan shall be deemed to be Incentive Stock Options and no Incentive Stock Options shall be granted thereafter. Amendments to the Plan not requiring shareholder approval shall become effective when adopted by the Board. Amendments requiring shareholder approval shall become effective when adopted by the Board, but if shareholder approval is not obtained within twelve months of the Board’s adoption of such amendment, any Incentive Stock Options granted pursuant to such amendment shall be deemed to be non-statutory Options provided that such Options are authorized by the Plan. Subject to this limitation, Options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan.will be treated as Nonqualified Stock Options.

Effective Date.

The Plan shall become effective when adopted byBoard may at any time, and from time to time, modify or amend in any respect or terminate the Board of Directors.Plan. If shareholder approval is not obtained within twelve months after any amendment increasing the datenumber of shares authorized under the Board’s adoptionPlan or changing the class of persons eligible to receive Options under the Plan, no Options previously granted under the Planpursuant to such amendments shall be deemed to be Incentive Stock Options and no Incentive Stock Options shall be granted thereafter. Amendments to the Plan not requiring shareholder approval shall become effective when adopted by the Board. Amendments requiring shareholder approval shall become effective when adopted by the Board, but if shareholder approval is not obtained within twelve months of the Board’s adoption of such amendment, any Incentive Stock Options grantedissued pursuant to such amendment shall be deemed to be non-statutory Options provided that such Options are authorized by the Plan. Subject to this limitation, Options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan.amendments thereafter.

Effective Date. The

This Plan shall become effective when adopted byupon stockholder approval in accordance with applicable state law and the BoardCompany’s bylaws and articles of Directors. If shareholder approval is not obtained within twelve monthsincorporation. No grants of Awards may be made hereunder after the datetenth anniversary of the Board’s adoptionEffective Date and no grants of the Plan, no Options previously granted under the Plan shall be deemed to be Incentive Stock Options and no Incentive Stock Options shallmay be granted thereafter. Amendments tomade hereunder after the tenth anniversary of the date the Plan not requiring shareholder approval shall become effective when adoptedis approved by the Board. Amendments requiring shareholder approval shall become effective when adopted by the Board, but if shareholder approval is not obtained within twelve months of the Board’s adoption of such amendment, any Incentive Stock Options granted pursuant to such amendment shall be deemed to be non-statutory Options provided that such Options are authorized by the Plan. Subject to this limitation, Options may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.