Common use of Duration of Plan Clause in Contracts

Duration of Plan. No Restricted Shares or Performance Shares may be awarded and no Option or SAR may be granted under this Plan after October 31, 2004. Restricted Share and Performance Share awards and Option and SAR grants made before that date shall remain valid in accordance with their terms. Restricted Shares and Performance Shares may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Share or Performance Share award, or Option or SAR grant will be effective unless this Plan is approved by a majority of the Company's shareholders voting either in person or by proxy at a duly held shareholders' meeting within twelve months of such adoption.

Duration of Plan. No Restricted Shares or Performance Shares may be awarded and no Option or SAR may be granted under this Plan after October 31June 30, 20042000. Restricted Share and Performance Share awards and Option and SAR grants made before that date shall remain valid in accordance with their terms. Restricted Shares and Performance Shares may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Share or Performance Share award, or Option or SAR grant will be effective unless this Plan is approved by a majority of the Company's shareholders voting either in person or by proxy at a duly held shareholders' meeting within twelve months of such adoption.

Duration of Plan. No Restricted Shares or Performance Shares may be awarded and no Option or SAR may be granted under this Plan after October 31June 30, 20042005. Restricted Share and Performance Share awards and Option and SAR grants made before that date shall remain valid in accordance with their terms. Restricted Shares and Performance Shares may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Share or Performance Share award, or Option or SAR grant will be effective unless this Plan is approved by a majority of the Company's shareholders voting either in person or by proxy at a duly held shareholders' meeting within twelve months of such adoption.