Common use of EFFECTIVE DATE OF PLAN Clause in Contracts

EFFECTIVE DATE OF PLAN. Options may be granted under the Plan upon its adoption by the Board, provided that no Option will be effective unless the Plan is approved (i) at a duly held shareholders' meeting within twelve months of such adoption by shareholders holding a majority of the Company's outstanding voting stock, or (ii) by unanimous consent of the Company's shareholders. 8

EFFECTIVE DATE OF PLAN. Options may be granted under the Plan upon its adoption by the Board, provided that no Option will be effective unless the Plan is approved (i) at a duly held shareholders' meeting within twelve months of such adoption adoption) by shareholders holding a majority of the Company's outstanding voting stock, or (ii) by unanimous consent of the Company's shareholders. 8.

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

EFFECTIVE DATE OF PLAN. Options may be granted under the this Plan upon its adoption by the Board, provided that no Option will be effective unless the this Plan is approved (i) by stockholders holding a majority 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 shareholdersstockholders' meeting or by written consent, within twelve months of such the adoption of this Plan by shareholders holding a majority of the Company's outstanding voting stock, or (ii) by unanimous consent of the Company's shareholders. 8Board.

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