Common use of Term of Plan Clause in Contracts

Term of Plan. The Plan shall become effective upon its adoption by the Board and shall continue in effect for a term of 10 years unless sooner terminated under Section 14 below.

Appears in 5 contracts

Samples: Stock Option Plan, Stock Plan, Betanet Node Agreement

AutoNDA by SimpleDocs

Term of Plan. The Plan shall become effective upon its adoption by the Board and shall continue in effect for a term of 10 years unless sooner terminated under Section 14 13 below.

Appears in 4 contracts

Samples: Share Transfer and Exchange Agreement (IBEX Holdings LTD), Share Transfer and Exchange Agreement (IBEX Holdings LTD), Share Transfer and Exchange Agreement (IBEX Holdings LTD)

Term of Plan. The Plan shall become effective upon its adoption by the Board and Board. It shall continue in effect for a term of 10 years ten (10) years, unless sooner terminated under Section 14 belowof the Plan.

Appears in 3 contracts

Samples: Annual Report, Annual Report, Stock Option Agreement (Novellus Systems Inc)

Term of Plan. The Subject to Section 20 of the Plan, the Plan shall become effective upon its adoption by the Board and Board. It shall continue in effect for a term of 10 ten (10) years unless sooner terminated earlier under Section 14 below16 of the Plan.

Appears in 2 contracts

Samples: Kyphon Inc. 2002 Stock Plan (Medtronic Inc), Merger Agreement (Medtronic Inc)

AutoNDA by SimpleDocs

Term of Plan. The Plan shall become effective upon its adoption by the Board and ------------ Board. It shall continue in effect for a term of 10 years ten (10) years, unless sooner terminated under Section 14 belowof the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Efficient Networks Inc)

Term of Plan. The Plan shall become effective upon its adoption by the Board and Board. It shall continue in effect for a term of 10 years unless sooner until terminated under Section 14 belowof the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Metatools Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!