Common use of Commencement Date; Termination Date Clause in Contracts

Commencement Date; Termination Date. The date of commencement of the Plan shall be the Effective Date. Each Plan Participant shall be paid the awards, payments, grants and incentives to which such Plan Participant is entitled pursuant to the Plan as of the Effective Date, and the Plan shall not be terminated unless and until each Plan Participant receives such awards, payments, grants and incentives. No termination of the Plan shall materially and adversely affect any of the rights or obligations of any Plan Participant, without such Plan Participant’s written consent, under any grant of any incentives theretofore granted under the Plan.

Appears in 4 contracts

Samples: Employment Agreement and Restricted Stock Grant (Neenah Foundry Co), Employment Agreement (Neenah Foundry Co), Employment Agreement (Neenah Enterprises, Inc.)

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