Common use of Duration of the Plan Clause in Contracts

Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors of the Company (“Board”) to amend or terminate the Plan at any time pursuant to Article 10 hereof, until the tenth anniversary of the Effective Date of the Plan, or the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions on all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions. The termination of the Plan shall not adversely affect any Awards outstanding on the date of termination.

Appears in 2 contracts

Samples: SOS Hydration Inc., SOS Hydration Inc.

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Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors of the Company (“Board”) to amend or terminate the Plan at any time pursuant to Article 10 11 hereof, until the tenth anniversary of the Effective Date of the Plan, or the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions on all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions. The termination of the Plan shall not adversely affect any Awards outstanding on the date of termination.

Appears in 2 contracts

Samples: RetinalGenix Technologies Inc., RetinalGenix Technologies Inc.

Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors of the Company (“Board”) Committee to amend or terminate the Plan at any time pursuant to Article 10 Section 15 hereof, until the tenth anniversary earlier to occur of the Effective Date of the Plan, or (a) the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions Restrictions on all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions, and (b) ten (10) years from the Effective Date of the Plan. The termination of the Plan pursuant to this Section 1.2 shall not adversely affect any Awards outstanding on the date of such termination.

Appears in 2 contracts

Samples: Retrophin, Inc., Retrophin, Inc.

Duration of the Plan. The Plan shall commence on the Effective Date and shall snail remain in effect, subject to the right of the Board of Directors of the Company ("Board") to amend or terminate the Plan at any time pursuant to Article 10 :0 hereof, until the tenth anniversary of the Effective Date of the Plan, or the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions on all On al: Restricted Stock granted under the Plan shall shah have lapsed, according to the Plan’s 's provisions. The termination of the Plan shall not adversely affect any Awards outstanding on the date of termination.

Appears in 1 contract

Samples: Exclusive License Agreement (Accelerated Pharma, Inc.)

Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors of the Company (“Board”) to amend or terminate the Plan at any time pursuant to Article 10 Section 14 hereof, until the tenth anniversary earlier to occur of the Effective Date of the Plan, or (a) the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions Restrictions on all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions, and (b) 10 years from the Effective Date of the Plan. The termination of the Plan shall not adversely affect any Awards outstanding on the date of such termination.

Appears in 1 contract

Samples: Form of Award Agreement (Navigators Group Inc)

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Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors of the Company (“Board”) to amend or terminate the Plan at any time pursuant to Article 10 12 hereof, until the tenth anniversary earlier of the Effective Date of the PlanMay 20, 2018, or the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions on all Restricted Stock Shares granted under the Plan shall have lapsed, according to the Plan’s provisions. The termination of the Plan shall not adversely affect any Awards outstanding on the date of termination.

Appears in 1 contract

Samples: Movie Gallery Inc

Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors of the Company (“Board”) Committee to amend or terminate the Plan at any time pursuant to Article 10 Section 15 hereof, until the tenth anniversary earlier to occur of the Effective Date of the Plan, or (a) the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions Restrictions on all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions, and (b) ten (10) years from the Effective Date of the Plan. The termination of the Plan shall not adversely affect any Awards outstanding on the date of such termination.

Appears in 1 contract

Samples: Award Agreement (Associated Banc-Corp)

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