Effectiveness of the Plan. The Plan shall be effective as of the Effective Date.
Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board subject, however, to its further approval by the shareholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board at a regular meeting of the shareholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder approval but all Award grants made prior to shareholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose.
Effectiveness of the Plan. The Plan became effective upon adoption by the Board, subject, however, to its further approval by the stockholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board at a regular meeting of the stockholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such stockholder approval but all Award grants made prior to stockholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose. This amendment and restatement shall become effective upon adoption by the Board.
Effectiveness of the Plan. The Plan shall become effective only after the Board shall, by the affirmative vote of a majority of its members, have approved the Plan.
Effectiveness of the Plan. Following adoption by the Board, the Plan shall take effect on the date approved by the stockholders of the Company. Notwithstanding any provision to the contrary, all Options and Restricted Stock shall be without force or effect unless the Plan shall have been approved by the stockholders of the Company. Any Plan amendments which require stockholder approval pursuant to Section 14 are subject to approval by vote of the stockholders of the Company within 12 months after their adoption by the Board. Subject to such approval, any such amendments shall be effective on the date on which they are adopted by the Board. Options and Restricted Stock which are dependent upon stockholder approval of a Plan amendment may be granted prior to such approval, but shall be subject to such approval. The date on which any Option or Restricted Stock grant dependent upon stockholder approval of a Plan amendment is effective shall be the Date of Grant for all purposes as if the Option or Restricted Stock grant had not been subject to such approval; however, no Option or Restricted Stock granted may be exercised prior to such stockholder approval.
Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board; provided, however, that the Plan shall be submitted for approval by the holders of a majority of the voting stock of the Company at the Company's next Annual Meeting of Stockholders to be held in 1997. In the event the stockholders shall fail to approve the Plan within 12 months before or after the Plan is adopted by the Board, it and all Options granted thereunder shall be and become null and void. Notwithstanding any other provision of the Plan to the contrary, no Options granted under the Plan may be exercised until after such stockholder approval.
Effectiveness of the Plan. The Plan was adopted by the Board of Directors on April 16, 1999. The Plan shall be subject to approval on or before April 16, 2000, which is within one (1) year of adoption of the Plan by the Board of Directors, by a majority of the votes cast at a meeting of stockholders of the Company by the holders of shares entitled to vote thereon (or, in the case of action by written consent in lieu of a meeting of stockholders, the number of votes required by applicable law to act in lieu of a meeting) ("Stockholder Approval"). In the event such Stockholder Approval is withheld or otherwise not received on or before the latter date, the Plan and, subject to the terms of the Stock Option Agreement, all Options that may have been granted hereunder shall become null and void.
Effectiveness of the Plan. The date upon which the Plan shall become effective, following requisite approval by the Bankruptcy Court, is referred to as the "Effective Date."
Effectiveness of the Plan. GOVERNING PROVISIONS ----------------------------------------------- This Plan constitutes an amendment, restatement and continuation of the CBI Incentive Stock Option Plan, which was adopted by the Corporation on October 30, 1986, and the CBI 1988 Non-Qualified Stock Option Plan, which was adopted by the Corporation on April 4, 1988. The Plan shall be effective as of April 1, 1995, subject to shareholder approval of the Plan at the Corporation's May 4, 1995 annual shareholders' meeting. Notwithstanding the foregoing, Pre-1995 Stock Options shall be governed by the terms of the agreements evidencing such awards, as amended, except that the provisions of the Plan relating to administration of the Plan after the Effective Date shall apply to Pre-1995 options and any determinations relating to such options required to be made by the Board pursuant to such agreements shall be made by the Committee.
Effectiveness of the Plan. The Plan, which during the term of this Agreement shall not have been modified from the form attached hereto as Exhibit A except as expressly agreed by Parent, the Administrative Agent and Spyglass, has been effectuated in accordance with all of its provisions, including, without limitation, the Debt Conversion, such that, on the Closing Date, Spyglass shall own in the aggregate the percentage of equity set forth in Section 3.1.
