Common use of Term of the Plan Clause in Contracts

Term of the Plan. Unless sooner terminated by the Board pursuant to Section 14, the Plan shall terminate on the date ten years after its adoption by the Board, and no Options or Restricted Stock may be granted after termination. The termination shall not affect the validity of any Option or Restricted Stock outstanding on the date of termination.

Appears in 3 contracts

Samples: Union Planters Corp, Union Planters Corp, Union Planters Corp

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Term of the Plan. Unless sooner terminated by the Board pursuant to Section Article 14, the Plan shall will terminate on the date ten years after its adoption by the Board, and no Options or Options, Rights, Performance Units, Restricted Stock or Incentive Shares may be granted or awarded after termination. The termination shall will not affect the validity of any Option or Option, Right, Performance Unit, Restricted Stock or Incentive Shares outstanding on the date of termination.

Appears in 2 contracts

Samples: Kroger Co, Kroger Co

Term of the Plan. Unless sooner terminated by the Board pursuant to Section 14Article 13, the Plan shall terminate on the date ten years after its adoption by the BoardMay 13, 2009, and no Options or Options, Rights, Restricted Stock or Incentive Shares may be granted or awarded after terminationsuch date. The termination Termination of the Plan shall not affect the validity of any Option or Restricted Stock Award outstanding on the date of termination.

Appears in 1 contract

Samples: Premier National Bancorp Inc

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Term of the Plan. Unless sooner terminated by the Board pursuant to Section 14Article 12, the Plan shall will terminate on the date ten years after its adoption by the Board, and no Options or Restricted Stock may be granted or awarded after termination. The termination shall will not affect the validity of any Option or Restricted Stock outstanding on the date of termination.

Appears in 1 contract

Samples: Universal Document MGMT Systems Inc

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