Common use of EFFECTIVE DATE OF PLAN Clause in Contracts

EFFECTIVE DATE OF PLAN. Options may be granted under this Plan upon its adoption by the Board, provided that no Option will be effective unless this Plan is approved by stockholders holding a majority of the Corporation's outstanding total combined voting power of all classes of stock of the Corporation, voting in person or by proxy at a duly held stockholders' meeting or by written consent of said stockholders.

EFFECTIVE DATE OF PLAN. Options may be granted under this Plan upon its adoption by the Board, provided that no Option will be effective exercisable unless this Plan is approved approved, within twelve months of such adoption, by stockholders holding a majority of the Corporation's outstanding total combined voting power of all classes of stock of votes cast by the CorporationCompany’s shareholders, voting either in person or by proxy proxy, at a duly held stockholders' shareholders’ meeting or by the unanimous written consent of said stockholdersthe Company’s shareholders.

EFFECTIVE DATE OF PLAN. Options may be granted under this the Plan upon its adoption by the Board, provided that no Option will be effective unless this the Plan is approved (at a duly held shareholders' meeting within twelve months of such adoption) by stockholders shareholders holding a majority of the CorporationCompany's outstanding total combined voting power of all classes of stock of the Corporation, voting in person or by proxy at a duly held stockholders' meeting or by written consent of said stockholdersstock.

EFFECTIVE DATE OF PLAN. Options may be granted under this the Plan upon its adoption by the Board, provided that no Option will be effective unless this the Plan is approved (i) at a duly held shareholders' meeting within twelve months of such adoption by stockholders shareholders holding a majority of the CorporationCompany's outstanding total combined voting power of all classes of stock stock, or (ii) by unanimous consent of the Corporation, voting in person or by proxy at a duly held stockholders' meeting or by written consent of said stockholders.Company's shareholders. 8

EFFECTIVE DATE OF PLAN. Options may be granted under this Plan upon its adoption by the Board, provided that no Option will be effective unless this Plan is approved by stockholders holding a majority of by the Corporation's outstanding total combined voting power of all classes of stock of the Corporation, voting in person or by proxy at a duly held stockholders' meeting or by written consent consent, within twelve months of said stockholdersthe adoption of this Plan by the Board.