Common use of Duration and Amendments Clause in Contracts

Duration and Amendments. (a) 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 7 contracts

Samples: 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Nikola Corp), 2015 Stock Incentive Plan (Invitae Corp)

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Duration and Amendments. (a) 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 4 contracts

Samples: 2020 Stock Incentive Plan (Vincerx Pharma, Inc.), 2021 Stock Incentive Plan (1stdibs.com, Inc.), 2020 Stock Incentive Plan (Vincerx Pharma, Inc.)

Duration and Amendments. (a) 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 3 contracts

Samples: 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Sow Good Inc.)

Duration and Amendments. (a) 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 of the Company.

Appears in 2 contracts

Samples: 2023 Stock Incentive Plan (Interactive Strength, Inc.), 2022 Stock Incentive Plan (Interactive Strength, Inc.)

Duration and Amendments. (a) 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: Business Combination Agreement (SC Health Corp)

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Duration and Amendments. (a) 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 (10th) 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 1 contract

Samples: 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

Duration and Amendments. (a) 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 of the CompanyBoard.

Appears in 1 contract

Samples: 2024 Omnibus Incentive Plan (I-Mab)

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