Common use of Plan Term Clause in Contracts

Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan will automatically terminate on the day before the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the shareholders of the Company. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Appears in 2 contracts

Samples: Subscription Agreement (Grab Holdings LTD), Subscription Agreement (Altimeter Growth Corp.)

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Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Boardterminated, the Plan will automatically shall terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, Board or (ii) the date the Plan is approved by the shareholders stockholders of the Company, whichever is earlier. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (NextWave Wireless LLC), Employment Agreement (Lightspan Inc)

Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan will automatically terminate on the day before the tenth 10th anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the shareholders stockholders of the Company. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Appears in 1 contract

Samples: Option Agreement (Invea Therapeutics, Inc)

Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan will automatically terminate on the day before the tenth anniversary of the Effective Date; provided, no Incentive Share Options shall be granted on or after the earlier of (i) the tenth anniversary of the date the Plan is adopted by the Board, or (ii) the tenth anniversary of the date the Plan is approved by the shareholders of the Company. No Xxxxxxx.Xx Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Appears in 1 contract

Samples: Business Combination Agreement (TradeUP Global Corp)

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Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan will automatically terminate on the day before the tenth anniversary of the Effective Date; provided, no Incentive Share Options shall be granted on or after the earlier of (i) the tenth anniversary of the date the Plan is adopted by the Board, or (ii) the tenth anniversary of the date the Plan is approved by the shareholders of the Company. No Cxxxxxx.Xx Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Appears in 1 contract

Samples: Business Combination Agreement (TradeUP Global Corp)

Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Boardterminated, the Plan will automatically shall terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is was adopted by the Board, or (ii) the date the Plan is approved by the shareholders of the Company. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Appears in 1 contract

Samples: Stock Option Agreement (Source Atlantic, Inc.)

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