Common use of Amendment and Termination of Plan Clause in Contracts

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), Adoption Agreement (Sandridge Energy Inc)

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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: Amc Entertainment Inc, Amc Entertainment Holdings, Inc., Amc Entertainment 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: Ufp Technologies Inc, Proassurance Corp, Sandridge Energy 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. Notwithstanding the foregoing, the following special provisions shall apply:

Appears in 2 contracts

Samples: Plan Adoption Agreement (Bridgepoint Education Inc), Douglas Dynamics, Inc

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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: Werner Enterprises Inc

Amendment and Termination of Plan. The Company Board 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 1 contract

Samples: Adoption Agreement (Huttig Building Products Inc)

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