Amendment and Termination of Plan. The Company may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 7 contracts
Samples: Adoption Agreement (Santarus Inc), Adoption Agreement (Semtech Corp), Executive Nonqualified Excess Plan Adoption Agreement (Sandridge Energy Inc)
Amendment and Termination of Plan. The Company Employer may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 4 contracts
Samples: Nonqualified Deferred Compensation Plan (Amc Entertainment Inc), Nonqualified Deferred Compensation Plan (Amc Entertainment Holdings, Inc.), Nonqualified Deferred Compensation Plan (Marquee Holdings Inc.)
Amendment and Termination of Plan. The Company Employer may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 3 contracts
Samples: Executive Nonqualified Excess Plan (Ufp Technologies Inc), Executive Nonqualified Excess Plan Document (Sandridge Energy Inc), Executive Nonqualified Excess Plan (Proassurance Corp)
Amendment and Termination of Plan. The Company may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s 's Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 2 contracts
Samples: Adoption Agreement (Douglas Dynamics, Inc), Adoption Agreement (Bridgepoint Education Inc)
Amendment and Termination of Plan. The Company may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s 's Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account, nor shall any such amendment cause the Deferred Compensation Accounts to violate the requirements of Section 409A of the Code. Notwithstanding the foregoing, the following special provisions shall apply:.
Appears in 1 contract
Amendment and Termination of Plan. The Company Employer may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s 's Deferred Compensation Account Account, including reduction in vesting percentage, as of the date of such amendment or termination, nor shall any such amendment materially adversely affect the terms of the Plan Participant relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 1 contract
Samples: Nonqualified Deferred Compensation Plan Adoption Agreement (Mercantile Bank Corp)
Amendment and Termination of Plan. The Company may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s Deferred Compensation Account Account, including reduction in vesting percentage, as of the date of such amendment or termination, nor shall any such amendment materially adversely affect the terms of the Plan Participant relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 1 contract
Samples: Deferred Compensation Plan (Everus Construction Group, Inc.)
Amendment and Termination of Plan. The Company Employer may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce the balance in any Participant’s 's Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account. Notwithstanding the foregoing, the following special provisions shall apply:
Appears in 1 contract
Samples: Executive Nonqualified Excess Plan (Werner Enterprises Inc)
