Common use of Amendment to Award Clause in Contracts

Amendment to Award. Subject to the restrictions contained in the LTIP, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate the Award, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would adversely affect the rights of the Grantee or any holder or beneficiary of the Award shall not to that extent be effective without the consent of the Grantee, holder or beneficiary affected.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Education Realty Trust, Inc.), Restricted Stock Award Agreement (Education Realty Trust, Inc.), Restricted Stock Award Agreement (Education Realty Trust, Inc.)

AutoNDA by SimpleDocs

Amendment to Award. Subject to the restrictions contained in the 2004 Incentive Plan and the LTIP, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate the Award, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would adversely affect the rights of the Grantee or any holder or beneficiary of the Award shall not to that extent be effective without the consent of the Grantee, holder or beneficiary affected.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Education Realty Trust, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!