Common use of Term of the Plan Clause in Contracts

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

Appears in 16 contracts

Samples: Stock Incentive Plan (Invitae Corp), 2013 Stock Incentive Plan (Veracyte, Inc.), 2019 Stock Incentive Plan (SITIME Corp)

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Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of DirectorsBoard; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of DirectorsBoard, or (ii) the date the Plan is approved the stockholders of the Company.

Appears in 5 contracts

Samples: Stock Incentive Plan (Coursera, Inc.), Stock Incentive Plan (Coursera, Inc.), Stock Incentive Plan (Coursera, Inc.)

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of DirectorsBoard; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders shareholders of the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Silvaco Group, Inc.), Award Agreement (Gorilla Technology Group Inc.)

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

Appears in 1 contract

Samples: Nikola Corp

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Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of DirectorsBoard; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors or the Committee may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board of DirectorsBoard, or (ii) the date the Plan is approved by the stockholders shareholders of the Company.

Appears in 1 contract

Samples: Stock Incentive Plan (Rockley Photonics Holdings LTD)

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved by the stockholders of the Company.

Appears in 1 contract

Samples: 2020 Stock Incentive Plan (Concentrix Corp)

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