Common use of Amendment, Modification, Suspension, and Termination Clause in Contracts

Amendment, Modification, Suspension, and Termination. Subject to Section 17.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.

Appears in 2 contracts

Samples: Long Term Incentive Plan (Dex Media, Inc.), Long Term Incentive Plan (Supermedia Inc.)

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Amendment, Modification, Suspension, and Termination. Subject to Section 17.218.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and that no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.

Appears in 2 contracts

Samples: Long Term Incentive Plan (Rex Energy Corp), Long Term Incentive Plan (Rex Energy Corp)

Amendment, Modification, Suspension, and Termination. Subject to Section 17.218.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.’s

Appears in 1 contract

Samples: 2007 Long Term Incentive Plan (Rackspace Inc)

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Amendment, Modification, Suspension, and Termination. Subject to Section 17.218.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.

Appears in 1 contract

Samples: 2007 Long Term Incentive Plan (Rex Energy Corp)

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