Common use of EFFECTIVE DATE AND EXPIRATION OF PLAN Clause in Contracts

EFFECTIVE DATE AND EXPIRATION OF PLAN. The Plan was approved by ▇▇▇▇▇▇▇▇ Soup Company, as the sole shareowner of Vlasic Foods International Inc. and is effective March 30, 1998. Unless earlier terminated by the Board pursuant to Section 10.3, the Plan shall terminate on the tenth anniversary of its Effective Date. No Award shall be made pursuant to the Plan after its termination date, but exercise and payment of Awards made prior to the termination date may extend beyond that date.

Appears in 1 contract

Sources: 1998 Long Term Incentive Plan (Vlasic Foods International Inc)

EFFECTIVE DATE AND EXPIRATION OF PLAN. The Plan was approved by ▇▇▇▇▇▇▇▇ Soup Company, as the sole shareowner shareholder of Vlasic Foods International Inc. Inc., and is effective March 30, 1998, which shall be the Effective Date. Unless earlier terminated by the Board pursuant to Section 10.3Board, the Plan shall terminate on the tenth anniversary of its Effective Date. No Award shall be made pursuant to the Plan after its termination date, but exercise and payment of Awards made prior to the termination date may extend beyond that datecontinue indefinitely.

Appears in 1 contract

Sources: Annual Incentive Plan (Vlasic Foods International Inc)