OPERATION OF THE MENZIES SHARE PLANS BEFORE THE EFFECTIVE DATE Sample Clauses

OPERATION OF THE MENZIES SHARE PLANS BEFORE THE EFFECTIVE DATE. 1.1 Subject to paragraph 2 of this Schedule and notwithstanding that the Menzies Remuneration Committee has no current intention to grant further awards under the Menzies Share Plans, Bidco acknowledges and agrees that, before the Effective Date, the Menzies Directors (and, where appropriate, the Menzies Remuneration Committee) may operate the Menzies Share Plans as they consider appropriate in accordance with the rules of the relevant plans and Menzies' normal practice, modified as the Menzies Directors (or, where appropriate, Menzies Remuneration Committee considers appropriate to take account of the Transaction or any change in regulation and subject to Rule 21.1 of the Code.
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