Common use of Amendments to the Plan Clause in Contracts

Amendments to the Plan. Subject to 7(b) below, the Board or the Committee may amend, alter, suspend, discontinue or terminate the Plan in any manner without the consent of any partner, Participant, other holder or beneficiary of an Award, or any other Person. The Board shall obtain unitholder approval of any Plan amendment to the extent necessary to comply with applicable law or securities exchange listing standards or rules.

Appears in 5 contracts

Samples: Retention Agreement (Marathon Petroleum Corp), Retention Agreement (MPLX Lp), Retention Agreement (MPLX Lp)

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