Example ContractsClausesPlan Termination
Plan Termination
Plan Termination contract clause examples

Termination of Plan. The Plan shall terminate on the day immediately preceding the tenth anniversary of the Effective Date (as defined below in Section 16), unless the Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders, if such stockholder approval is required.

The Sponsor further reserves the right to terminate the Plan in whole or in part, in the following manner, except that no such termination shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and provided that such termination (and the related liquidation of the Plan) complies with Code [Section 409A] and related regulations thereunder:

Plan Termination. The Company has no obligation to maintain the Plan for any length of time and may terminate the Plan at any time in a manner that complies with the requirements of Section 409A. The Plan may terminate the Plan and accelerate the time and form of payment under the Plan only as permitted by Treasury Regulation 1.409A-3(j)(4)(ix), which generally permits:

Plan Termination. Unless earlier terminated by action of the Board or Executive Committee of the Board, the Plan will remain in effect until such time as the Company has no further rights or obligations under the Plan.

Plan Termination. The Plan will terminate automatically as of the date that no amounts remain to be distributed under the Plan.

Plan Termination. The Company has no obligation to maintain the Plan for any length of time and may terminate the Plan at any time in a manner that complies with the requirements of Section 409A. The Plan may terminate the Plan and accelerate the time and form of payment under the Plan only as permitted by Treasury Regulation 1.409A-3(j)(4)(ix), which generally permits:

Plan Termination. Unless earlier terminated by action of the Company Board, the Plan will remain in effect until the earlier of # such time as no Shares remain available for delivery under the Plan and the Company has no further rights or obligations under the Plan or # December 31, 2024.

Plan Termination. Unless earlier terminated by action of the Company Board, the Plan will remain in effect until the earlier of # such time as no Shares remain available for delivery under the Plan and the Company has no further rights or obligations under the Plan or # December 31, 2024.

It is the intention of the Company that the Plan will be permanent. However, each entity constituting the Employer reserves the right to terminate its participation in this Plan by action of its board of directors or other governing body. Furthermore, the Company reserves the power to terminate the Plan at any time for any reason by action of the Board of Directors.

Plan Termination. Unless this Plan shall theretofore have been terminated, the Plan shall terminate on the tenth (10th) anniversary of the Effective Date and no Options, Restricted Stock, Restricted Stock Units, or Stock Appreciation Rights may be granted under the Plan thereafter, but Option Agreements, Restricted Stock Agreements, Restricted Stock Unit Agreements, and Stock Appreciation Right Agreements then outstanding shall continue in effect in accordance with their respective terms.

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