Common use of Procedure for Amendments Clause in Contracts

Procedure for Amendments. a. If the amendment to the Terms and Conditions is Material, CRISP will provide notice to Participant in accordance with Section 22.02 and through posting the amendment and its effective date on the CRISP Website, in both cases, at least ninety (90) days prior to the effective date of the amendment. CRISP shall allow Participants thirty (30) days from the date of the initial posting of the notice on the CRISP Website to submit written comments to CRISP regarding the amendment. Comments are not Confidential Information and may, but are not required to be, posted on the CRISP Website. Within sixty (60) days of the initial posting notice of the amendment on the CRISP Website, CRISP shall consider and evaluate written comments received during the comment period and make any revisions to the proposed amendment that are deemed reasonable and necessary by CRISP, after consultation with the Executive Committee of the Board. Participants shall have thirty (30) days from the date of the publication of the final proposed amendment to advise CRISP in writing if the Participant objects to the proposed amendment. If more than one-quarter (1/4) of all Participants or one-quarter (1/4) of an identifiable category or categories of Participants object to the proposed amendment, then the amendment shall not go into effect. Otherwise, the amendment shall become effective sixty

Procedure for Amendments. a. If the amendment to the Terms and Conditions is Material, CRISP will provide notice to Participant in accordance with Section 22.02 and through posting the amendment and its effective date on the CRISP Website, in both cases, at least ninety (90) days prior to the effective date of the amendment. CRISP shall allow Participants thirty (30) days from the date of the initial posting of the notice on the CRISP Website to submit written comments to CRISP regarding the amendment. Comments are not Confidential Information and may, but are not required to be, posted on the CRISP Website. Within sixty (60) days of the initial posting notice of the amendment on the CRISP Website, CRISP shall consider and evaluate both written comments received during the comment period and make any revisions to the proposed amendment that are deemed reasonable and necessary by CRISPXXXXX, after consultation with the Board or its Executive Committee of the Board. Participants shall have thirty (30) days from the date of the publication of the final proposed amendment to advise CRISP in writing if the Participant objects to the proposed amendment. If more than one-one- quarter (1/4) of all Participants or one-quarter (1/4) of an identifiable category or categories of Participants object to the proposed amendment, then the amendment shall not go into effect. Otherwise, the amendment shall become effective sixtysixty (60) days after the publication of the final proposed amendment to the CRISP website, unless CRISP withdraws the amendment prior to such date.

Procedure for Amendments. a. If the amendment to the Terms and Conditions is Material, CRISP will provide notice to Participant in accordance with Section 22.02 and through posting the amendment and its effective date on the CRISP Website, in both cases, at least ninety (90) days prior to the effective date of the amendment. CRISP shall allow Participants thirty (30) days from the date of the initial posting of the notice on the CRISP Website to submit written comments to CRISP regarding the amendment. Comments are not Confidential Information and may, but are not required to be, posted on the CRISP Website. Within sixty (60) days of the initial posting notice of the amendment on the CRISP Website, CRISP shall consider and evaluate both written comments received during the comment period and make any revisions to the proposed amendment that are deemed reasonable and necessary by CRISP, after consultation with the Board or its Executive Committee of the Board. Participants shall have thirty (30) days from the date of the publication of the final proposed amendment to advise CRISP in writing if the Participant objects to the proposed amendment. If more than one-one- quarter (1/4) of all Participants or one-quarter (1/4) of an identifiable category or categories of Participants object to the proposed amendment, then the amendment shall not go into effect. Otherwise, the amendment shall become effective sixtysixty (60) days after the publication of the final proposed amendment to the CRISP website, unless CRISP withdraws the amendment prior to such date.