Common use of Term of the Plan Clause in Contracts

Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s stockholders. In the event that the stockholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants, exercises or sales that have already occurred under the Plan shall be rescinded, and no additional grants, exercises or sales shall be made under the Plan after such date. The Plan shall terminate automatically ten (10) years after the later of (i) its adoption by the Board, or (ii) the most recent increase in the number of Shares reserved under Section 5 (other than pursuant to Section 11) that was approved by stockholders on or within twelve (12) months after the Board’s approval of such increase. The Plan may be terminated on any earlier date pursuant to Section 16.2 below.

Appears in 3 contracts

Samples: FTC (FTC Solar, Inc.), FTC (FTC Solar, Inc.), Award Agreement (Instil Bio, Inc.)

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Term of the Plan. The Plan, as set forth amended and restated herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s stockholders. In the event that the stockholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants, exercises or sales that have already occurred under the Plan shall be rescinded, and no additional grants, exercises or sales shall be made under the Plan after such date. The Plan shall terminate automatically ten (10) years after the later of (i) its adoption by the Board, or (ii) the most recent increase in the number of Shares reserved under Section 5 (other than pursuant to Section 11) that was approved by stockholders on or within twelve (12) months before or after the Board’s approval of such increase. The Plan may be terminated on any earlier date pursuant to Section 16.2 below.

Appears in 2 contracts

Samples: Award Agreement (Alphabet Inc.), Award Agreement (Apigee Corp)

Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the BoardBoard of Directors, subject to the approval of the Company’s stockholders. In the event that If the stockholders fail to approve the Plan within twelve (12) 12 months after its adoption by the BoardBoard of Directors, then any grants, exercises or sales that have already occurred under the Plan shall be rescinded, rescinded and no additional grants, exercises or sales shall thereafter be made under the Plan after such datePlan. The Plan shall terminate automatically ten (10) 10 years after the later of (i) its adoption by the Board, Board of Directors or (ii) the most recent increase in the number of Shares reserved under Section 5 (other than pursuant to Section 11) 4 that was approved by stockholders on or within twelve (12) months after the BoardCompany’s approval of such increasestockholders. The Plan may be terminated on any earlier date pursuant to Section 16.2 Subsection (b) below.

Appears in 1 contract

Samples: Stock Purchase Agreement (Informatica Corp)

Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s stockholders. In the event that the stockholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants, exercises or sales that have already occurred under the Plan shall be rescinded, and no additional grants, exercises or sales shall be made under the Plan after such date. The Plan shall terminate automatically ten (10) years after the later of (i) its adoption by the Board, or (ii) the date of the Board’s approval of the most recent increase in the number of Shares reserved under Section 5 (other than pursuant to Section 11) that was approved by stockholders on or within twelve (12) months after the Board’s approval of such increaseapproval. The Plan may be terminated on any earlier date pursuant to Section 16.2 17.2 below.

Appears in 1 contract

Samples: Award Agreement (Life Spectacular, Inc.)

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Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s stockholders. In the event that the stockholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants, exercises or sales that have already occurred under the Plan shall be rescinded, and no additional grants, exercises or sales shall be made under the Plan after such date. The Plan shall terminate automatically ten (10) years after the later of (i) its adoption by the Board, or (ii) the most recent increase in the number of Shares reserved under Section 5 (other than pursuant to Section 11) that was approved by stockholders on or within twelve (12) months before or after the Board’s approval of such increase. The Plan may be terminated on any earlier date pursuant to Section 16.2 below.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Notice (Silvaco Group, Inc.)

Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s stockholders. In the event that the stockholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants, exercises or sales that have already occurred under the Plan shall be rescinded, and no additional grants, exercises or sales shall be made under the Plan after such date. The Plan shall terminate automatically ten (10) years after the later of (i) its adoption by the Board, or (ii) the date of the Board’s approval of the most recent increase in the number of Shares reserved under Section 5 Section 5. (other than pursuant to Section Section 11.) that was approved by stockholders on or within twelve (12) months after the Board’s approval of such increaseapproval. The Plan may be terminated on any earlier date pursuant to Section 16.2 17.2 below.

Appears in 1 contract

Samples: Award Agreement

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