Amendment or Termination of Employee Benefit Plans. Notwithstanding anything herein to the contrary, neither the LPS Group nor the FIS Group shall be restricted in any way from amending or, with thirty (30) days’ advance written notice to the other Party, terminating, at any time or for any reason, their respective Employee Benefit Plans, in whole or in part, or with respect to any employee or group of employees; provided, however, that FIS shall provide LPS with at least thirty (30) days’ advance written notice before the effectiveness of any material amendment by FIS of any FIS Employee Benefit Plan in which Employees participate.
Amendment or Termination of Employee Benefit Plans. Notwithstanding anything herein to the contrary, neither the FNT Group nor the FNF Group shall be restricted in any way from amending or, with 30 days advance written notice to the other Party, terminating, at any time or for any reason, their respective Employee Benefit Plans, in whole or in part, or with respect to any employee or group of employees.
Amendment or Termination of Employee Benefit Plans. Except as otherwise expressly provided herein, nothing in this Agreement shall be construed as limiting the ability of CPC or Corn, as applicable, in its sole discretion, to amend or terminate any employee benefit plan, program or practice which it now maintains or may hereafter establish at any time or for any reason nor shall any provision of this Agreement be construed as creating a right in any CPC Employee or Corn Employee under any such plans, programs or practices which such Employee would not otherwise have under the terms of the plans, program or practice itself.
Amendment or Termination of Employee Benefit Plans. (a) Except as otherwise specifically contemplated by this Agreement, and to the extent permitted by applicable Legal Requirements, upon the written request of Acquiror, the Company and the Bank shall take such action as may be necessary to amend or terminate any Employee Benefit Plan on or before the Closing on terms reasonably acceptable to Acquiror; provided, however, that the Company shall not be obligated to take any such requested action that is irrevocable until immediately prior to the Closing and following the satisfaction of all conditions contained in Article 10.
(b) The Company and the Bank shall take such action as may be necessary to terminate, effective at least one (1) day prior to the Closing Date, the Jacksonville Savings Bank 401(k) Profit Sharing Plan (the “Company 401(k) Plan”). As soon as practicable thereafter, the account balances of the Company 401(k) Plan shall be distributed to participants or transferred to an eligible tax-qualified plan or individual retirement account as a participant may direct. The Company shall adopt necessary amendment(s) and board resolution(s), subject to reasonable review and comment by Acquiror, to effect the provisions of this Section 6.15(b).
Amendment or Termination of Employee Benefit Plans. To the extent permitted by applicable Legal Requirements, upon the written request of Princeton, SBI shall take such action as may be necessary to amend or terminate any SBI Employee Benefit Plan on or before the Closing on terms reasonably acceptable to Princeton; provided, however, that none of SBI nor any SBI Subsidiary shall be obligated to take any such requested action that is irrevocable until immediately prior to the Closing.
Amendment or Termination of Employee Benefit Plans. Notwithstanding anything herein to the contrary, neither the FIS Group nor the FNF Group shall be restricted in any way from amending or terminating, at any time or for any reason, their respective Employee Benefit Plans, in whole or in part, or with respect to any employee or group of employees.
Amendment or Termination of Employee Benefit Plans. To the extent permitted by applicable Legal Requirements, upon the written request of Acquiror, the Bank shall take such action as may be necessary to amend or terminate any Bank Employee Benefit Plan of the Bank on or before the Closing on terms reasonably acceptable to Acquiror; provided, however, that the Bank shall not be obligated to take any such requested action that is irrevocable until immediately prior to the Closing.
Amendment or Termination of Employee Benefit Plans. Except as -------------------------------------------------- otherwise expressly provided herein, nothing in this Agreement is intended or does in fact limit the ability of Scout, New Scout or SNFCo, as applicable, in its sole discretion, from amending or terminating any employee benefit plan, arrangement or practice which it now maintains or may hereafter establish at any time or for any reason nor does anything herein empower any party hereto to unilaterally reduce any vested benefits accrued by participants under such plans, arrangements or practices prior to any such amendment or termination.
Amendment or Termination of Employee Benefit Plans. To the extent permitted by applicable Legal Requirements, upon the written request of Acquiror, the Company shall take such action as may be necessary to amend or terminate any Company Employee Benefit Plan on or before the Closing on terms reasonably acceptable to Acquiror; provided, however, that the Company shall not be obligated to take any such requested action that is irrevocable until immediately prior to the Closing.
Amendment or Termination of Employee Benefit Plans. To the extent permitted by applicable Legal Requirements, upon the written request of Acquiror, Lotus shall take such action as may be necessary to amend or terminate any Lotus Employee Benefit Plan on or before the Closing Date on terms reasonably acceptable to Acquiror; provided, however, that Lotus shall not be obligated to take any such requested action that is irrevocable until immediately prior to the Closing Date.
