ACLS » Topics » 13. AMENDMENT OR TERMINATION OF THE PLAN .

This excerpt taken from the ACLS 10-Q filed Nov 9, 2005.

13.          AMENDMENT OR TERMINATION OF THE PLAN.

 

13.1         The Plan shall continue until June 30, 2020 unless otherwise terminated in accordance with Section 13.2.

 

13.2         The Board may, in its sole discretion, insofar as permitted by law, terminate or suspend the Plan, or revise or amend it in any respect whatsoever, except that, without approval of the Shareholders, no such revision or amendment shall materially increase the number of shares subject to the Plan, other than an adjustment under Section 10 of the Plan.

 

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