Example ContractsClausesduration of this planVariants
Duration of This Plan
Duration of This Plan contract clause examples

Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect until terminated by the Committee.

The Plan, as amended and restated, is effective on the Effective Date; and shall remain in effect until it is terminated by the Committee or the Board.

Duration. The Plan shall become effective as of the Effective Date, and shall continue until terminated by the Committee or the Board. Subject to Section 8.2, the Committee or the Board may terminate the Plan as of any date that is at least 12 months after the date of the Committee’s or the Board’s action. If any Participants become entitled to any payments or benefits hereunder during such 12-month period, this Plan shall continue in full force and effect and shall not terminate or expire with respect to such Participants until after all such Participants have received such payments and benefits in full.

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.