Common use of SHAREHOLDER APPROVAL REQUIREMENTS Clause in Contracts

SHAREHOLDER APPROVAL REQUIREMENTS. This Agreement and the Option granted hereunder shall be null and void if the Plan is not approved by the stockholders of the Company within twelve (12) months of the date the Plan is approved by the Board.

Appears in 3 contracts

Sources: Option Agreement (GXS Worldwide, Inc.), Option Agreement (GXS Worldwide, Inc.), Option Agreement (GXS Worldwide, Inc.)