Common use of Term of the Plan Clause in Contracts

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

Appears in 17 contracts

Samples: 2020 Stock Incentive Plan (Nikola Corp), 2015 Stock Incentive Plan (Invitae Corp), 2015 Stock Incentive Plan (Invitae Corp)

AutoNDA by SimpleDocs

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of DirectorsBoard; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of DirectorsBoard, or (ii) the date the Plan is approved the stockholders of the Company.

Appears in 5 contracts

Samples: 2021 Stock Incentive Plan (Coursera, Inc.), 2021 Stock Incentive Plan (Coursera, Inc.), 2021 Stock Incentive Plan (Coursera, Inc.)

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of DirectorsBoard; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders shareholders of the Company.

Appears in 2 contracts

Samples: Award Agreement (Gorilla Technology Group Inc.), 2023 Stock Incentive Plan (Silvaco Group, Inc.)

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved by the stockholders of the Company.

Appears in 1 contract

Samples: 2020 Stock Incentive Plan (Concentrix Corp)

AutoNDA by SimpleDocs

Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of DirectorsBoard; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors or the Committee may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board of DirectorsBoard, or (ii) the date the Plan is approved by the stockholders shareholders of the Company.

Appears in 1 contract

Samples: 2021 Stock Incentive Plan (Rockley Photonics Holdings LTD)

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