Common use of Amendment or Termination of Plan Clause in Contracts

Amendment or Termination of Plan. The Board may at any time terminate or amend this Plan in any respect, including without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan; provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval.

Appears in 2 contracts

Samples: Settlement Agreement and General Release (Commerce Energy Group Inc), Settlement Agreement and General Release (Commerce Energy Group Inc)

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Amendment or Termination of Plan. The Board may alter, suspend or terminate the Plan at any time. In addition, the Board may, from time terminate or to time, amend this the Plan in any respectmanner, including but may not without limitation shareholder approval adopt any amendment which would (i) increase the aggregate number of any form shares of Award Agreement Common Stock available under the Plan (except by operation of Article XII), (ii) materially modify the requirements as to eligibility for participation in the Plan, or instrument (iii) materially increase the benefits to be executed pursuant to this Participants provided by the Plan; provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval.

Appears in 1 contract

Samples: Halcon Resources Corp

Amendment or Termination of Plan. The Board may alter, suspend or terminate the Plan at any time. In addition, the Board may, from time terminate or to time, amend this the Plan in any respectmanner, including but may not without limitation stockholder approval adopt any amendment which would (i) increase the aggregate number of shares of Common Stock available under the Plan (except by operation of Article IX) or (ii) modify any provision of the Plan which would materially increase the benefit or rights of any form of Award Agreement or instrument to be executed pursuant to this Participant in the Plan; provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval.

Appears in 1 contract

Samples: Cimarex Energy Co

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Amendment or Termination of Plan. The Board may at any time terminate or amend this Plan in any respect, including including, without limitation limitation, amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan; provided, however, that the Board will not, without the approval of the stockholders shareholders of the Company, amend this Plan in any manner that requires such stockholder approvalshareholder approval pursuant to the California Corporations Code, the Code or the regulations promulgated thereunder as such provisions apply to this Plan.

Appears in 1 contract

Samples: Employment Agreement (Castelle \Ca\)

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