Common use of Acknowledgment by the Executive Clause in Contracts

Acknowledgment by the Executive. Notwithstanding anything in this Agreement to the contrary, the Executive understands, acknowledges and agrees that the Company may, in its sole discretion, amend, modify, replace, freeze, suspend or terminate any or all of the incentive compensation, employee benefit, retirement and other plans and programs available, as well as any other rules, policies or procedures applicable, to the Executive from time to time, but only so long as any such actions are not designed to affect solely the Executive.

Acknowledgment by the Executive. Notwithstanding anything in this Agreement to the contrary, the Executive understands, acknowledges and agrees that the Company may, in its sole discretion, amend, modify, replace, freeze, suspend or terminate any or all of the incentive compensation, employee benefit, retirement and other plans and programs available, as well as the eligibility requirements and any other rules, policies or procedures applicable, to the Executive from time to time, but only so long as any such actions are not designed to affect solely the Executive.

Acknowledgment by the Executive. Notwithstanding anything in this Agreement to the contrary, the Executive understands, acknowledges and agrees that the Company may, in its sole discretion, amend, modify, replace, freeze, suspend or terminate any or all of the incentive compensation, employee benefit, retirement and other plans and plans, programs or arrangements available, as well as any other rules, policies or procedures applicable, to the Executive from time to time, but only so long as any such actions are not designed to affect solely the Executive.