Modification to Paragraph 2 Clause Samples
The 'Modification to Paragraph 2' clause serves to alter or amend the terms originally set out in the second paragraph of an agreement. This clause specifies exactly which part of Paragraph 2 is being changed, such as updating deadlines, revising obligations, or clarifying ambiguous language. By formally documenting these changes, the clause ensures that all parties are aware of and agree to the updated terms, thereby maintaining clarity and preventing future disputes over the modified provisions.
Modification to Paragraph 2. The following Paragraph 2 is substituted for Paragraph 2 of this Annex:
Modification to Paragraph 2. 3(a), “Changes to Common Area”. The following shall be added at the end of Paragraph 2.3(a): “Notwithstanding the foregoing, Landlord’s exercise of the foregoing rights shall not materially interfere with Tenant’s access to or use of the Premises to the extent that Tenant’s business operations are materially interrupted thereby.”
Modification to Paragraph 2. The first sentence of paragraph 2 of the Employment Agreement shall be modified to state, "Executive shall report to Company's Board of Directors." Additionally, there shall be added to paragraph 2 the following: "Executive understands that Company intends to recruit and hire an individual as Company's President and Chief Executive Officer. Executive agrees to resign his position as President and Chief Executive Officer immediately upon Company's employment of such an individual, however, Executive will continue to render services to Company as its Executive Vice President and Chief Operating Officer pursuant to the terms of this Agreement. Executive agrees that such action by the Company shall be deemed to have been done with Executive's consent, and shall not constitute an alteration or diminishment of the position, nature, status, prestige or responsibilities of Executive, or a termination of Executive's employment."