Term of Plan. The Plan shall become effective upon its initial adoption ------------ by the Board and shall continue in effect until it is terminated under Section 14 hereof. No Options may be issued under the Plan after the tenth (10th) anniversary of the date first listed above in this Plan.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Operating Agreement (Biodelivery Sciences International Inc), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)
Term of Plan. The Plan shall become effective upon its initial adoption ------------ by the Board and shall continue in effect until it is terminated under Section 14 hereof. No Options may be issued under the Plan after the tenth (10th) anniversary of the date first listed above in this Plan.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Biodelivery Sciences International Inc), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)
