Common use of EFFECTIVE DATE OF PLAN Clause in Contracts

EFFECTIVE DATE OF PLAN. Shares of Restricted Stock may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock award, Option or SAR will be effective unless this Plan is approved by a majority of the votes entitled to be 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.

EFFECTIVE DATE OF PLAN. Shares of Restricted Stock may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock award, Option Option, or SAR will be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Company’s 's shareholders, voting either in person or by proxy, at a duly held shareholders’ ' meeting or by the unanimous consent of shareholders within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Shares of Restricted Stock 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 Stock or Performance Share award, Option or SAR will be effective unless this Plan is approved by shareholders holding a majority of the votes entitled to be cast by the Company’s shareholdersSNC's outstanding voting stock, voting either in person or by proxy, proxy at a duly held shareholders’ ' meeting within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Stock Awards, Options, SARs and Performance Shares of Restricted Stock may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock awardAward, Option Option, SAR or SAR Performance Share will be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Company’s 's shareholders, voting either in person or by proxy, at a duly held shareholders’ ' meeting within twelve months of such adoption.

EFFECTIVE DATE OF PLAN. Shares of Restricted Stock may be awarded and Options and SARs may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock award, Option or SAR will be effective unless this Plan is approved by shareholders holding a majority of the votes entitled to be cast by the Company’s shareholders's outstanding voting stock, voting either in person or by proxy, proxy at a duly held shareholders’ ' meeting within twelve months of such adoption.