Amendment of Grant Sample Clauses
The Amendment of Grant clause defines the process and conditions under which the terms of a grant agreement may be changed after it has been executed. Typically, this clause outlines who has the authority to propose or approve amendments, the required form such changes must take (such as written consent), and any limitations or procedures that must be followed. For example, it may require both parties to agree in writing before any modifications become effective. The core function of this clause is to ensure that any changes to the grant are made transparently and with mutual consent, thereby preventing misunderstandings or unilateral alterations.
Amendment of Grant. The Restricted Stock Grant may be amended by the Committee at any time (i) if it determines, in its sole discretion, that amendment is necessary or advisable in the light of any addition to or change in the Code or regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Restricted Stock Grant and by its terms retroactively applies to such Grant and (ii) with the consent of the Grantee. Any such amendment shall be in writing and signed by the Corporation and the Grantee.
Amendment of Grant. You and NATCO Group Inc. hereby agree that your Performance Unit Award Agreement under the NATCO Group Inc. 2006 Long-Term Incentive Compensation Plan (the “Plan”) that is referenced above (the “Award Agreement”) is hereby amended as provided herein. Capitalized terms used but not defined herein are used as defined in the Award Agreement.
Amendment of Grant. The Agreement may be amended by the Committee at any time (i) if it determines, in its sole discretion, that amendment is necessary or advisable in the light of any addition to or change in the Internal Revenue Code or regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the grant of Restricted Stock and by its terms retroactively applies to such grant of Restricted Stock and (ii) with the consent of the Grantee. Any such amendment shall be in writing and signed by the Corporation and the Grantee.
Amendment of Grant. The Grant may be amended by the Board at any time: (a) if the Board determines, in its sole discretion, that such amendment is necessary or advisable in the light of any addition to or change in the Bank Holding Company Act of 1956, as amended, or in the rules or regulations issued thereunder, or in any federal or state securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Grant; or (b) other than in the circumstances described in clause (a), with the consent of the Executive.
Amendment of Grant. The only method by which this Grant can be amended is by a formal, written amendment signed by either the Grants Officer or the Administrative Grants Officer. No other communications, whether oral or in writing, are valid. Grant No. MDA972-95-1-0010 EXHIBIT A - Page 1 EXHIBIT A GRANT GENERAL TERMS AND CONDITIONS FOR EDUCATIONAL INSTITUTIONS, NONPROFIT ORGANIZATIONS AND STATE AND LOCAL GOVERNMENTS ARTICLE
Amendment of Grant. The Company (or its successor or acquirer) at any time, and from time to time, may amend the terms of this Award; PROVIDED, HOWEVER, that the rights under this Award shall not be impaired by any such amendment unless (i) the Company requests your consent and (ii) you consent in writing.