Common use of Amendments to Awards Clause in Contracts

Amendments to Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary.

Appears in 3 contracts

Samples: Stock Incentive Plan Amendment (Pathnet Telecommunications Inc), Stock Option Agreement (Dominion Homes Inc), Restricted Stock Agreement (Dominion Homes Inc)

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Amendments to Awards. The Unless otherwise provided in the Award Agreement, the Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would impair without the rights consent of any relevant Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiaryan Award.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Advanced Lighting Technologies Inc), Stock Purchase Agreement (Advanced Lighting Technologies Inc)

Amendments to Awards. The Committee may waive any conditions of or rights underof the Company under any outstanding Award, amend any terms ofprospectively or retroactively. The Committee may not amend, or alter, suspend, discontinue, cancel discontinue or terminate, terminate any Award theretofore grantedoutstanding Award, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, Participant or holder or beneficiarybeneficiary thereof, except as otherwise herein provided.

Appears in 2 contracts

Samples: 1997 Stock Option Plan (Exide Corp), 1997 Stock Option Plan (Exide Corp)

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Amendments to Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel cancel, or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation cancellation, or termination that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore previously granted shall not to that extent be effective as to such Participant without the written consent of the affected Participant, holder or beneficiary.

Appears in 1 contract

Samples: Incentive Compensation Agreement

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