Common use of Effective Date and Term of Plan Clause in Contracts

Effective Date and Term of Plan. The Plan shall become effective on the date on which it is adopted by the Board. No Awards shall be granted under the Plan after the expiration of 10 years from the earlier of (i) the date on which the Amended and Restated version of the Plan was adopted by the Board or (ii) the date the Amended and Restated version of the Plan was approved by the Company’s stockholders, but Awards previously granted may extend beyond that date.

Appears in 6 contracts

Samples: Nonstatutory Stock Option Agreement (Oxford Immunotec Global PLC), Incentive Stock Option Agreement (Oxford Immunotec Global PLC), Incentive Stock Option Agreement (Oxford Immunotec Global PLC)

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Effective Date and Term of Plan. The Plan shall become effective on the date on which it is adopted by the Board. No Awards shall be granted under the Plan after the expiration completion of 10 years from the earlier of (i) the date on which the Amended and Restated version of the Plan was adopted by the Board or (ii) the date the Amended and Restated version of the Plan was approved by the Company’s stockholdersBoard, but Awards previously granted may extend beyond that date.

Appears in 3 contracts

Samples: Employment Agreement (Eclipsys Corp), Employment Agreement (Eclipsys Corp), Employment Agreement (Eclipsys Corp)

Effective Date and Term of Plan. The Plan shall will become effective on the date on which it is adopted Effective Date and, unless earlier terminated by the Board. No Awards shall be granted under the Plan after the expiration of 10 years from , will remain in effect until the earlier of (i) the earliest date on as of which the Amended and Restated version of all Awards granted under the Plan was adopted by have been satisfied in full or terminated and no Shares approved for issuance under the Board Plan remain available to be granted under new Awards or (ii) the date the Amended and Restated version tenth anniversary of the Plan was approved by the Company’s stockholders[_________], but Awards previously granted may extend beyond that datedate in accordance with the Plan. If the Plan is not approved by the Company’s stockholders, the Plan will not become effective and no Awards will be granted under the Plan.

Appears in 2 contracts

Samples: Registration Rights Agreement (Northern Genesis Acquisition Corp. II), Joinder Agreement (Ascendant Digital Acquisition Corp.)

Effective Date and Term of Plan. The Plan shall become effective on the date on which it is adopted by the Board. No Awards shall be granted under the Plan after the expiration completion of 10 ten years from the earlier of (i) the date on which the Amended and Restated version of the Plan was adopted by the Board or (ii) the date the Amended and Restated version of the Plan was approved by the Company’s stockholdersBoard, but Awards previously granted may extend beyond that date.

Appears in 2 contracts

Samples: Employment Agreement (American Railcar Industries, Inc./De), Employment Agreement (American Railcar Industries, Inc./De)

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Effective Date and Term of Plan. The Plan shall become effective on the date on which it is adopted by the Board. No Awards shall be granted under the Plan after the expiration of 10 years from the earlier of (i) the date on which the Amended and Restated version of the Plan was adopted by the Board or (ii) the date the Amended and Restated version of the Plan was approved by the Company’s stockholdersstockholders December 5, 2026, but Awards previously granted may extend beyond that date.

Appears in 1 contract

Samples: Proposed Merger (GetGo, Inc.)

Effective Date and Term of Plan. The Plan shall will become effective on the date on which it is adopted Effective Date and, unless earlier terminated by the Board. No Awards shall be granted under the Plan after the expiration of 10 years from , will remain in effect until the earlier of (i) the earliest date on as of which the Amended and Restated version of all Awards granted under the Plan was adopted by have been satisfied in full or terminated and no Shares approved for issuance under the Board Plan remain available to be granted under new Awards or (ii) the date the Amended and Restated version tenth anniversary of the Plan was approved by the Company’s stockholders[_________]2, but Awards previously granted may extend beyond that datedate in accordance with the Plan. If the Plan is not approved by the Company’s stockholders, the Plan will not become effective and no Awards will be granted under the Plan.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Horizon Acquisition Corp)

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