Common use of Preservation of Rights to Amend or Terminate Plans Clause in Contracts

Preservation of Rights to Amend or Terminate Plans. No provisions of this Agreement, including the agreement of Xxxxxx or Ventiv that it, or any member of the Xxxxxx Group or the Healthcare Services Group, respectively, will 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 Xxxxxx or Ventiv or any member of the Xxxxxx Group or the Healthcare Services Group to amend such Plan or terminate its participation therein which Xxxxxx or Ventiv or any member of the Xxxxxx Group or the Healthcare Services Group, respectively, 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 beneficiary of such employee or former employee under a Plan which such employee or former employee or beneficiary would not otherwise have under the terms of the Plan itself.

Appears in 4 contracts

Samples: Distribution Agreement (Ventiv Health Inc), Distribution Agreement (Ventiv Health Inc), Distribution Agreement (Ventiv Health Inc)

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