Overall Qualification Clause Samples
The Overall Qualification clause sets out the general standards or conditions that must be met for a party to be considered eligible or compliant under an agreement. Typically, this clause outlines the minimum requirements, such as legal status, financial stability, or technical capabilities, that an individual or entity must satisfy to participate in a contract or transaction. By clearly defining these baseline qualifications, the clause ensures that only suitable parties are involved, thereby reducing the risk of disputes and ensuring that contractual obligations can be reliably fulfilled.
Overall Qualification. Nothing in this Agreement shall be construed as preventing the Company from modifying, suspending, discontinuing or terminating any of the Benefit Plans or Award Plans without notice or liability to the Executive so long as (i) the modification, suspension, discontinuation or termination of any such plan is authorized by and performed in accordance with the specific provisions of such plan and (ii) such modification, suspension, discontinuation or termination is taken generally with respect to all similarly situated employees of the Company and does not single out or discriminate against the Executive.
Overall Qualification. Employer reserves the right to modify, suspend or discontinue any and all practices, policies and programs at any time (whether before or after termination of employment) without notice to or recourse by Employee. However, Employer shall not amend the perquisites set forth in Section 4(d) to reduce Employee's benefits thereunder during the term of this Agreement.
Overall Qualification. Employer reserves the right to modify, suspend or discontinue any and all of the above referenced benefit plans, practices, policies and programs at any time (whether before or after termination of employment) without notice to or recourse by Employee so long as (i) such action is taken generally with respect to other similarly situated persons and does not single out Employee, and (ii) Employer makes provision that all benefits accrued to Employee to the date such plan is terminated will be paid to Employee.
Overall Qualification. The Company reserves the right to modify, suspend or discontinue any and all benefits at any time (whether before or after termination of employment) without notice to or recourse by Employee so long as such action is taken generally with respect to all other senior level executives and does not single out Employee.
Overall Qualification. Subject to the terms of any written benefit plans, Employer reserves the right to modify, suspend or discontinue any and all of the above referenced benefit plans, practices, policies and programs at any time (whether before or after termination of employment) without notice to or recourse by Executive so long as such action is taken generally with respect to other similarly situated persons and does not single out Executive.
Overall Qualification. Other than the benefits to be provided to Employee pursuant to Sections 4(a), 4(b), 4(c) and 4(f), Employer reserves the right to modify, suspend or discontinue any and all of the above referenced benefit plans, practices, policies and programs at any time (whether before or after termination of employment) without notice to or recourse by Employee so long as such action is taken generally with respect to other similarly situated persons (i.e. senior or executive employees of Employer) and does not single out Employee.
Overall Qualification. The Company reserves the right to modify, suspend or discontinue any and all benefits at any time (whether before or after termination of employment) without notice to or recourse by Employee so long as such action is taken generally with respect to other similarly situated persons and does not single out Employee.
Overall Qualification. Employer reserves the right to modify, suspend or discontinue any and all of the above referenced benefit plans, practices, policies and programs at any time (whether before or after termination of employment); provided, however, the Employee's benefits under such benefit plans, practices, policies or programs shall not be reduced or eliminated unless (i) Employer provides Employee with reasonably comparable benefits or (ii) the modification, suspension or discontinuance of such benefit plan, practice, policy or program was approved by Employee as a director of Employer or recommended to the Board by Employee.