Common use of Maximum Term Clause in Contracts

Maximum Term. Subject to the following provision, the term during which an Award may be outstanding shall not extend more than ten years after the Date of Grant, and shall be subject to earlier termination as specified elsewhere in the Plan or Award Agreement.

Appears in 3 contracts

Sources: Merger Agreement (Angstrom Technologies Corp.), Merger Agreement (Angstrom Technologies Corp.), Stock Incentive Plan (Angstrom Technologies Corp.)