Common use of Term of the Plan Clause in Contracts

Term of the Plan. Unless the Plan shall have been earlier terminated by the Board, Options may be granted under this Plan at any time in the period commencing on the effective date of approval of the Plan by the Board and ending immediately prior to the tenth anniversary of the earlier of the adoption of the Plan by the Board or approval of the Plan by the Company’s stockholders. Options granted pursuant to the Plan within such period shall not expire solely by reason of the termination of the Plan. Options of Incentive Options granted prior to stockholder approval of the Plan are hereby expressly conditioned upon such approval, but in the event of the failure of the stockholders to approve the Plan shall thereafter and for all purposes be deemed to constitute Nonstatutory Options.

Term of the Plan. Unless the Plan shall have been earlier terminated by the Board, Options Awards may be granted under this Plan at any time in the period commencing on the effective date of approval of the Plan by the Board and ending immediately prior to the tenth anniversary of the earlier of the adoption amendment of the Plan by the Board or re-approval of the Plan by the Company’s stockholdersstockholders in 2016. Options Awards granted pursuant to the Plan within such that period shall not expire solely by reason of the termination of the Plan. Options Awards of Incentive Options granted prior to stockholder approval of the Plan are hereby expressly conditioned upon such approval, but in the event of the failure of the stockholders to approve the Plan shall thereafter and for all purposes be deemed to constitute Nonstatutory Options.