Common use of Discretion of Board to Accelerate Payout Clause in Contracts

Discretion of Board to Accelerate Payout. Notwithstanding any of the ---------------------------------------- other provisions of this Agreement, the Board of Directors of the Employer may, if determined in its sole and absolute discretion to be appropriate, accelerate the payment of the amounts due under the terms of this Agreement, provided that Employee (or the Employee's spouse or designated beneficiaries): (i) consents to the revised payout terms determined appropriate by the Employer's Board of Directors; and (ii) does not negotiate or in anyway influence the terms of proposed altered/accelerated payout (said decision to be made solely by the Employer's Board of Directors and offered to the Employee [or Employee's spouse or designated beneficiaries] on a "take it or leave it basis").