Changes to Benefit Plans. Employer reserves the right to modify, suspend, or discontinue any and all of its health and welfare benefit plans, practices, policies, and programs at any time without recourse by Employee so long as such action is taken generally with respect to all other similarly-situated peer executives and does not single out Employee.
Changes to Benefit Plans. If the Association or College wishes to propose changes to any of the components of any of the above Plans, such proposals must be presented to the Benefits Advisory Committee for its consideration and resolution in line with its Terms of Reference.
Changes to Benefit Plans. Except as would not materially increase the costs of the Retained Business and except for changes required to comply with applicable law, the Company shall not, nor shall it permit any of its Subsidiaries (other than Newco and its Subsidiaries) to, (i) enter into, adopt, amend (except as may be required by law and except for immaterial amendments) or terminate any Benefit Plan or any agreement, arrangement, plan or policy between the Company or any such Subsidiary and one or more of its directors, officers or Employees or (ii) except for normal increases in the ordinary course of business consistent with past practice and the payment of bonuses and other consideration to employees in the aggregate not to exceed the amount set forth in Section 5.1 of the Company Disclosure Schedule, increase in any manner the compensation or fringe benefits of any director, officer or Employee or pay any benefit to any director, officer or Employee not required by any plan or arrangement as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing; provided that the foregoing shall not prohibit the Company from hiring and paying new employees in the ordinary course of business consistent with past practice.
Changes to Benefit Plans. Each of the Sellers have not (aa) entered into, adopted, amended (except as may be required by law) or terminated any Benefit Plan and Benefit Agreement or any agreement, arrangement, plan or policy between any of the Sellers and one or more of their respective Employees, or (bb) except for normal increases in the ordinary course of business consistent with past practice, increased in any manner the compensation or fringe benefits of any Employee or paid any benefit to any Employee or required by any plan or arrangement in effect as of the Effective Date or entered into any contract, agreement, commitment or arrangement to do any of the foregoing.
Changes to Benefit Plans. Employer and Parent reserve the right to modify, suspend, or discontinue any and all of their benefit plans, practices, policies, and programs, including but not limited to any 401(k) plans, at any time without recourse by Employee so long as such action is taken generally with respect to all other similarly-situated peer executives of Employer and Parent and does not single out Employee. Employee will be given “time of service” credit under all benefit plans where the benefits depend on or vary with the date employee first began providing services to Employer.
Changes to Benefit Plans. During the term of the collective agreement, the benefit plan may only be changed by the Employer to a plan that is equivalent or better and provide advance notice to the Union with copies of the proposed new plan.
Changes to Benefit Plans. Except as would not materially increase the costs of CPMCO or TVFN and except for changes required to comply with applicable law, the Belo Entities shall not permit CPMCO or TVFN to, (i) enter into, adopt, amend (except as may be required by law and except for immaterial amendments) or terminate any TVFN Benefit Plan or any agreement, arrangement, plan or policy between the Belo Entities, CPMCO or TVFN and one or more of their directors, CORPDAL:69976.6 10861-00052 26 officers or TVFN Employees or (ii) except for normal increases in the ordinary course of business consistent with past practice and the payment of bonuses and other consideration to TVFN Employees in the aggregate not to exceed the amount set forth in Section 4.1(f) to the Belo Disclosure Schedule and which, if paid or committed to be paid by CPMCO or TVFN on or prior to the First Closing Date, shall be included as a current liability on the TVFN Closing Balance Sheet, increase in any manner the compensation or fringe benefits of any director, officer or TVFN Employee or pay any benefit to any director, officer or TVFN Employee not required by any plan or arrangement as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing; provided that the foregoing shall not prohibit CPMCO or TVFN from hiring and paying new employees in the ordinary course of business consistent with past practice.
Changes to Benefit Plans. From the date of this Agreement until the First Closing Date, except as would not materially increase the costs of the business related to the KENS Assets and except for changes required to comply with applicable law, Scripps shall use its commercially reasonable best efforts to cause Xxxxx-Xxxxx to not (i) enter into, adopt, amend (except as may be required by law and except for immaterial amendments) or terminate any Xxxxx-Xxxxx Benefit Plan or any other agreement, arrangement, plan or policy for directors, officers or KENS Employees or (ii) except for normal increases in the ordinary course of business consistent with past practice and the payment of bonuses and other consideration to KENS Employees in the aggregate not to exceed the amount set forth in Schedule 5.1 to the Acquisition Agreement and which, if paid or committed to be paid on or prior to the First Closing Date, shall be included as a current liability on the KENS Closing Balance Sheet, increase in any manner the compensation or fringe benefits of any director, officer or KENS Employee or pay any benefit to any director, officer or KENS Employee not required by any plan or arrangement as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing; provided that the foregoing shall not prohibit Scripps or Xxxxx-Xxxxx or any of their respective Subsidiaries from hiring and paying new employees in the ordinary course of business consistent with past practice.
Changes to Benefit Plans. As a small employer, the Employer may occasionally be faced with unilateral changes to the costs for or benefits provided by benefit plans referenced in this Article which are imposed by benefit providers over which the Employer has no direct control. In any such circumstances, the Employer will notify the Union as soon as it becomes aware of any such changes or potential changes and will negotiate with the Union regarding the impact of any such changes.
Changes to Benefit Plans. (a) Notwithstanding any provision to the contrary in this Agreement, the Partnership and Elk Valley each covenant and agree, until the third anniversary of the Effective Date, not to take any action to alter or amend any compensation arrangement afforded to the Transferred Employees and Excluded Employees other than as contemplated in the Information Circular, without substituting therefore compensation arrangements that are, in the opinion of the Continuing Directors of New Fording, no less favourable, in the aggregate, than those arrangements currently in existence.
(b) For greater certainty, New Fording may, with the consent of the Partnership, alter or amend any compensation arrangement afforded to the Transferred Employees and Excluded Employees prior to the Employee Transfer Date or Excluded Employee Transfer Date in a manner not contemplated in the Information Circular, provided that, until the third anniversary of the Effective Date, such alteration or amendment results in the Transferred Employees or Excluded Employees, as applicable, enjoying compensation arrangements that are, in the opinion of the Continuing Directors of New Fording, no less favourable, in the aggregate, than those arrangements currently in existence.
