This excerpt taken from the GCFB 10-Q filed May 5, 2008.
9.1 This Agreement shall terminate on the later of i) December 31, 2012 or ii) the date of completion of the last Restaurant to be completed for which construction was commenced prior to December 31, 2012.
9.2 Notwithstanding any other clause herein to the contrary, Granite City may terminate this Agreement without penalty or payment by written notice to Developer within ninety (90) days of another party acquiring substantially all the stock or assets of Granite City by merger or otherwise. In such event, Granite City shall comply with the terms of this Agreement with respect to any Restaurant for which Developer has previously entered into a binding agreement to acquire the land for such Restaurant but Granite City shall not be obligated to develop other Restaurants with Developer.
This excerpt taken from the GCFB DEF 14A filed Sep 25, 2007.
Term. The term of the plan shall be unlimited in duration. However, no incentive stock options may be granted under the plan on a date that is more than ten years from the earlier of (a) the effective date of the plan or (b) the date the plan is approved by our shareholders. Further, the plan may be terminated at any time, provided that such termination will not adversely affect awards then outstanding.