Amendment to this Award Agreement. The Committee may modify or amend this Award Agreement 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 in the regulations issued thereunder, or any federal or state securities laws or other law or regulation, which change occurs after the Date of Grant of this Award and by its terms applies to this Award. No amendment of this Award, however, may, without the consent of the Executive, make any changes which would adversely effect the rights of such Executive.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Iec Electronics Corp), Restricted Stock Award Agreement (Iec Electronics Corp)
Amendment to this Award Agreement. The Committee may modify or amend this Award Agreement 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 in the regulations issued thereunder, or any federal or state securities laws or other law or regulation, which change occurs after the Date of Grant of this Award and by its terms applies to this Award. No amendment of this Award, however, may, without the consent of the ExecutiveGrantee, make any changes which would adversely effect the rights of such ExecutiveGrantee.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Iec Electronics Corp)
Amendment to this Award Agreement. The Committee may modify or amend this Award Agreement 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 in the regulations issued thereunder, or any federal or state securities laws or other law or regulation, which change occurs after the Date of Grant of this Award and by its terms applies to this Award. No amendment of this Award, however, may, without the consent of the ExecutiveGrantee, make any changes which would adversely effect affect the rights of such ExecutiveGrantee.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Iec Electronics Corp)