Common use of EFFECTIVE DATE OF PLAN Clause in Contracts

EFFECTIVE DATE OF PLAN. Stock Awards, Options, SARs and Performance Shares may be granted under this Plan upon its adoption by the Board, provided that no Stock Award, Option, SAR or Performance Share 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 Awards, Options, may be awarded and Options and SARs and Performance Shares may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock Awardaward, Option, Option or SAR or Performance Share will be effective unless this Plan is approved by shareholders holding a majority of the votes entitled to be cast by the Company's shareholdersoutstanding 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. Shares of Restricted Stock Awards, Options, may be awarded and Options and SARs and Performance Shares may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock Awardaward, Option, Option or SAR or 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 Awards, Options, SARs 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 Award, Option, SAR 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 CompanySNC's shareholdersoutstanding 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. Shares of Restricted Stock Awards, Options, may be awarded and Options and SARs and Performance Shares may be granted under this Plan upon its adoption by the Board, provided that no Restricted Stock Awardaward, Option, or SAR or Performance Share 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 or by the unanimous consent of shareholders within twelve months of such adoption.