Effect of Amendment or Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise or settlement of an Award granted prior to such termination. Except as otherwise permitted by the Plan or an Award Agreement or as required to comply with any applicable law, regulation or rule, the termination of the Plan, or any amendment thereof, shall not have a material adverse effect on any Award previously granted under the Plan without the holder’s consent; provided, however, that an amendment which may cause an ISO to become an NSO shall not be treated as having a material adverse effect on an Award.
Appears in 5 contracts
Sources: 2018 Stock Incentive Plan (Pulmatrix, Inc.), 2019 Equity Incentive Plan (Fold Holdings, Inc.), Stock Incentive Plan (FTC Solar, Inc.)