Common use of Effectiveness of the Plan Clause in Contracts

Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board subject, however, to its further approval by the shareholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board at a regular meeting of the shareholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder approval but all Award grants made prior to shareholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose.

Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board subject, however, to its further approval by the shareholders stockholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board at a regular meeting of the shareholders stockholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder stockholder approval but all Award grants made prior to shareholder stockholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose.

Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board or the Committee subject, however, to its further approval by the shareholders of the Company given within twelve (12) months of the date the Plan is adopted by the Board or the Committee at a regular meeting of the shareholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder approval but all Award grants made prior to shareholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose.

Effectiveness of the Plan. The Plan shall become effective upon adoption by the Board subject, however, to its further approval by the shareholders stockholders of the Company given within twelve (12) 12 months of the date the Plan is adopted by the Board at a regular meeting of the shareholders stockholders or at a special meeting duly called and held for such purpose. Grants of Awards may be made prior to such shareholder stockholder approval but all Award grants made prior to shareholder stockholder approval shall be subject to the obtaining of such approval and if such approval is not obtained, such Awards shall not be effective for any purpose.