Common use of Term of Plan Clause in Contracts

Term of Plan. The Plan will become effective upon the later to occur of (a) its adoption by the Board, (b) approval by the Company’s stockholders, or (c) the time as of immediately prior to the completion of the Merger. The Plan will continue in effect for a term of twenty (20) years, unless sooner terminated under Section 18.

Appears in 4 contracts

Samples: Business Combination Agreement (Tailwind Acquisition Corp.), Business Combination Agreement (Tailwind Acquisition Corp.), Merger Agreement (Osprey Technology Acquisition Corp.)

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Term of Plan. The This Plan will become effective upon the later latest to occur of (a) its adoption by the Board, (b) its approval by the Company’s stockholders, or (c) the time as of immediately prior to the completion of the MergerClosing. The This Plan will continue in effect for a term of twenty (20) 20 years, unless sooner terminated under Section 18.

Appears in 4 contracts

Samples: Business Combination Agreement (Apexigen, Inc.), Business Combination Agreement (Apexigen, Inc.), Business Combination Agreement (Brookline Capital Acquisition Corp.)

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