Amendments or Termination Sample Clauses
The Amendments or Termination clause defines the procedures and conditions under which a contract may be modified or ended before its natural expiration. Typically, this clause outlines the requirements for making changes, such as needing written consent from all parties, and specifies how notice of termination must be given, including any advance notice periods or acceptable methods of communication. Its core practical function is to provide a clear, agreed-upon process for altering or ending the agreement, thereby reducing the risk of disputes and ensuring that all parties understand their rights and obligations regarding changes to the contract.
Amendments or Termination. The Board may amend, alter or discontinue the Plan or any outstanding Award, but no amendment, alteration or discontinuation shall be made, without the consent of a Participant, if such action would materially diminish any of the rights of the Participant under any Award theretofore granted to such Participant under the Plan; provided, however, that the Administrator may without the Participant’s consent (a) amend the Plan or any outstanding Award in such manner as it deems necessary to permit the granting of Awards meeting the requirements of the Code or other applicable laws (including, without limitation, to avoid adverse tax consequences to the Partnership or to Participants as provided in Section 14 and Section 18 below), and (b) amend any outstanding Awards in a manner that is not adverse (other than in a de minimis manner) to a Participant, except as otherwise may be permitted pursuant to Section 9 hereof or as is otherwise contemplated pursuant to the terms of the Award, without the Participant’s consent.
Amendments or Termination. This Agreement contains the entire understanding between Customer and Agent concerning the subject matter of this Agreement, supersedes all other Custody Agreements of dates previous and may be amended only in writing signed by both parties. No term or provision of this Agreement may be modified or waived unless in writing and signed by the party against whom such waiver or modification is sought to enforce. Either party's failure to insist at any time upon strict compliance with this Agreement or with any of the terms hereunder, or any continued course of such conduct on the part of either party shall in no event constitute or be considered a waiver by either party of any of its rights hereunder. This Agreement may be terminated at any time provided such effective time shall be not less than 30 days from the date of written notice of termination.
Amendments or Termination. Subject to the restrictions contained in the Plan, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, the Restricted Share Unit Agreement, 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 Restricted Share Units shall not to that extent be effective without the consent of the Grantee, holder or beneficiary affected. Notwithstanding any other provision of the Plan or this Restricted Share Unit Agreement, the Company may terminate this Restricted Share Unit Agreement and either issue shares of Common Stock deliverable upon vesting hereunder or pay the Grantee cash for the Restricted Share Units based upon the Fair Market Value of the shares of Common Stock subject hereto at the time of such termination in accordance with Section 1.409A-3(j)(4)(ix) of the Treasury Regulations.
Amendments or Termination. The Board may, at any time and from time to time, amend, alter or discontinue the Option Plan, except that no amendment or alteration shall be made which would impair the rights of the holder of any Option therefore granted, without his or her consent.
Amendments or Termination. This MOU scope and/or budget may be amended by mutual agreement of both parties. This MOU may be terminated by either party with 30 day notice, subject to OCII payment of applicable Controller’s Office costs incurred through the termination date.
Amendments or Termination. This Restricted Share Unit Agreement and the Plan may be amended without the consent of the Grantee provided that such amendment would not impair any rights of the Grantee under this Restricted Share Unit Agreement. No amendment of this Restricted Share Unit Agreement shall, without the consent of the Grantee, impair any rights of the Grantee under this Restricted Share Unit Agreement. Notwithstanding any other provision of the Plan or this Restricted Share Unit Agreement, the Company may terminate this Restricted Share Unit Agreement and either issue shares of Common Stock deliverable upon vesting hereunder or pay the Grantee cash for the Restricted Share Units based upon the Fair Market Value of the shares of Common Stock subject hereto at the time of such termination) in accordance with Section 1.409A-3(j)(4)(ix) of the Treasury Regulations.
Amendments or Termination. This agreement may be amended at any time, and may be terminated at any time before the closing of the Reorganization, either before or after this agreement and plan of reorganization has been approved by shareholders of the Corporation, by agreement of the Corporation and the Trust, provided that no amendment shall have a material adverse effect upon the interests of shareholders of the Corporation. In any case, this agreement and plan of reorganization may be terminated by either the Corporation or the Trust if the Reorganization has not occurred by the close of business on December 31, 2001.
Amendments or Termination. The Board may, at any time and from time to time, but after consultation with the Trustee, if such Trustee has been nominated, amend, alter, suspend or terminate this 3(i) Option Plan. No amendment, alteration, suspension or termination of the Plan shall be made which would impair the rights of the holder of any Option therefore granted, unless mutually agreed otherwise between the Optionee and the Board, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Board's or the Committee's ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination.
Amendments or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan(s) or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof.
(b) The Trust shall not terminate until the date on which Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan(s). Upon termination of the Trust any assets remaining in the Trust shall be returned to Company.
(c) Upon written approval of participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan(s), Company may terminate this Trust prior to the time all benefit payments under the Plan(s) have been made. All assets in the Trust at termination shall be returned to Company.
(d) Notwithstanding any other provision in this Trust Agreement, this Trust Agreement may not be amended within one year of the occurrence of a Change of Control.
Amendments or Termination. This agreement may be amended at any time, and may be terminated at any time before the closing of the Small Cap Contribution, by agreement of the Corporation and the Company, provided that no amendment shall have a material adverse effect upon the interests of stockholders of the Corporation. In any case, this Plan may be terminated by the Corporation or the Company if the Small Cap Contribution has not occurred by the close of business on December 31st, 2007.