Common use of Preservation of Right To Amend or Terminate Plans Clause in Contracts

Preservation of Right To Amend or Terminate Plans. Except as otherwise expressly provided in Article II, no provisions of this Agreement, including, without limitation, the agreement of Manor Care or Choice, or any Retained Subsidiary or Choice Subsidiary, to make a contribution or payment to or under any Plan herein referred to for any period, shall be construed as a limitation on the right of Manor Care or Choice or any Retained Subsidiary or Choice Subsidiary to amend such Plan or terminate its participation therein which Manor Care or Choice or any Retained Subsidiary or Choice Subsidiary would otherwise have under the terms of such Plan or otherwise, and no provision of this Agreement shall be construed to create a right in any employee or former employee, or dependent or beneficiary of such employee or former employee under a Plan which such person would not otherwise have under the terms of the Plan itself.

Appears in 3 contracts

Samples: Matters Allocation Agreement (Choice Hotels Holdings Inc), Choice Hotels Holdings Inc, Choice Hotels Holdings Inc

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Preservation of Right To Amend or Terminate Plans. Except ------------------------------------------------- as otherwise expressly provided in Article II, no provisions of this Agreement, including, without limitation, the agreement of Manor Care Sunburst or Choice, or any Retained Subsidiary or Choice Subsidiary, to make a contribution or payment to or under any Plan herein referred to for any period, shall be construed as a limitation on the right of Manor Care Sunburst or Choice or any Retained Subsidiary or Choice Subsidiary to amend such Plan or terminate its participation therein which Manor Care Sunburst or Choice or any Retained Subsidiary or Choice Subsidiary would otherwise have under the terms of such Plan or otherwise, and no provision of this Agreement shall be construed to create a right in any employee or former employee, or dependent or beneficiary of such employee or former employee under a Plan which such person would not otherwise have under the terms of the Plan itself.

Appears in 2 contracts

Samples: Allocation Agreement (Choice Hotels International Inc), Allocation Agreement (Choice Hotels Franchising Inc)

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