Common use of Amendment by Board Clause in Contracts

Amendment by Board. Despite any other provision in this Joint Trust Agreement, the Board may after consulting with the Partners amend this Joint Trust Agreement in the manner necessary to maintain the Pension Plan’s registration under the PBSA and the ITA, or as is otherwise necessary to comply with applicable law.

Amendment by Board. ‌ Despite any other provision in this Joint Trust Agreement, the Board may after consulting with the Partners amend this Joint Trust Agreement without the approval of the Partners in the manner necessary to maintain the Pension Plan’s registration under the PBSA and the ITA, or as is otherwise necessary to comply with applicable law.