Common use of Duration of Plan Clause in Contracts

Duration of Plan. No option may be granted under this Plan more than ten years after the earlier of the date that the Plan is adopted by the Board or the date that the Plan is approved by stockholders of the Corporation as provided in Article XIV. Options granted before that date shall remain valid in accordance with their terms.

Appears in 2 contracts

Samples: Stock Option Plan (Proflight Medical Response Inc), Option Plan (Beachport Entertainment Corp/Ut)

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Duration of Plan. No option Options may be granted under this the Plan more than ten years after the earlier of the date that the Plan is adopted by the Board or and the date that the Plan is approved by stockholders of the Corporation as provided Company's shareholders in accordance with Article XIV. Options granted before that date the expiration of such period shall remain valid in accordance with their terms.

Appears in 1 contract

Samples: 1997 Stock Option Plan (Ocwen Asset Investment Corp)

Duration of Plan. No option Option may be granted under this Plan more than ten years after the earlier of the date that the Plan is adopted by the Board Committee or the date that the Plan is approved by stockholders of the Corporation shareholders as provided in Article XIV. Options granted before that date shall remain valid in accordance with their terms.

Appears in 1 contract

Samples: Stock Option Plan (Front Royal Inc)

Duration of Plan. No option Option may be granted under this Plan more than ten years after the earlier of the date that the this Plan is adopted by the Board or the date that the this Plan is approved by stockholders of the Corporation as provided shareholders in accordance with Article XIV. Options granted before that date shall remain valid in accordance with their terms.

Appears in 1 contract

Samples: Share Purchase Plan (Prentiss Properties Trust/Md)

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Duration of Plan. No option Option may be granted under this Plan more than ten years after the earlier of the date that the Plan is adopted by the Board or the date that the Plan is approved by stockholders of the Corporation Company’s shareholders as provided in Article XIV. Options granted before that date shall remain valid in accordance with their terms. No Plan termination before the Plan’s expiration under this Article XIII shall, without a Participant’s consent, adversely affect Options granted before such termination.

Appears in 1 contract

Samples: Stock Option Plan (First Capital Bancorp, Inc.)

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