Common use of EFFECTIVE DATE OF PLAN Clause in Contracts

EFFECTIVE DATE OF PLAN. Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders’ meeting or by the consent of Stockholders owning more than fifty percent (50%) of shares of the Common Stock within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders’ ' meeting or by the consent of Stockholders stockholders owning more than fifty percent (50%) % of shares of the Common Stock within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders’ ' meeting or by the consent of Stockholders owning more than fifty percent (50%) of shares of the Common Stock within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to may be effective granted unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders’ ' meeting or by the consent of Stockholders stockholders owning more than fifty percent (50%) % of shares of the Common Stock within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes shares entitled to be cast by the Stockholdersvote, voting either in person or by proxy, at a duly held a Stockholders’ meeting or by the consent of Stockholders owning more than fifty percent (50%) of shares of the Common Stock within twelve months of such adoption.