Example ContractsClausesEffective Date of Plan; Termination of Plan
Effective Date of Plan; Termination of Plan
Effective Date of Plan; Termination of Plan contract clause examples

Effective Date of Plan. The Plan shall become effective as of the Effective Date, but no Award shall be exercised (or, in the case of a stock Award, shall be granted) unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within 12 months before or after the date the Plan is adopted by the Board.

Effective Date of Plan; Termination of Plan. The Plan will become effective on the Effective Date. The Board may suspend or terminate the Plan at any time, subject to the terms of Section 11.1 of the Plan. No Incentive Stock Option will be granted after the tenth (10th) anniversary of the earlier of # the date the Plan is adopted by the Board, or # the date the Plan is approved by the stockholders of the Company. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Effective Date of Plan; Termination of Plan. The Plan was originally approved by the Company’s stockholders on April 17, 2014. The Plan as amended and restated was approved by the Board on May 17, 2017 and by the Company's stockholders on June 29, 2017. Awards may be granted under the Plan at any time and from time to time on or prior to June 6, 2029, on which date the Plan will expire except as to Awards then outstanding under the Plan. Such outstanding Awards shall remain in effect until they have been exercised or terminated, or have expired.

Effective Date of Plan. The Plan shall become effective as of the Effective Date, but no Award shall be exercised (or, in the case of a stock Award, shall be granted) unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within 12 months before or after the date the Plan is adopted by the Board.

Effective Date of Plan. The Plan will become effective for incentive awards granted in respect of calendar years beginning on and after January 1, 2022.

Effective Date of Plan; Termination of Plan. The Plan originally became effective on June 12, 2020 (such date, the “Effective Date”). Awards may be granted under the Plan at any time and from time to time on or prior to the tenth anniversary of the Effective Date, on which date the Plan will expire except as to Awards then outstanding under the Plan; provided, however, in no event may an Incentive Stock Option be granted more than ten (10) years after the earlier of # date of the adoption of the Plan by the Board or Committee, as applicable and # the Effective Date. Such outstanding Awards shall remain in effect until they have been exercised or terminated or have expired.

The Plan shall be effective on May 24, 2021; provided, however, that the Plan must subsequently be approved by majority vote of the Company’s shareholders in accordance with the rules and regulations of the NASDAQ Stock Market LLC no later than May 23, 2022.

Effective Date of Plan. The Plan shall become effective as of the Effective Date, but no Award shall be exercised (or, in the case of a stock Award, shall be granted) unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within 12 months before or after the date the Plan is adopted by the Board.

This Plan originally became effective on the Effective Date. This amendment and restatement of the Plan is effective June 2, 2021.

This Plan will become effective on the Effective Date.

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