Right to Amend and Terminate. The Executive’s right to participate in the plans, programs and arrangements described in this Section 3(c) shall not affect the Company’s right to amend or terminate the general applicability of such plans, programs and arrangements. The Company may, in its sole discretion and from time to time, amend, eliminate or establish additional benefit plans, programs and arrangements.
Right to Amend and Terminate. Either Franklin or a Franklin Subsidiary has all power and authority necessary to amend or terminate each Benefit Plan without incurring any penalty or liability provided that, in the case of an employee pension benefit plan (as defined in Section 3(2) of ERISA), benefits accrued as of the date of amendment or termination are not reduced.
Right to Amend and Terminate. Except as listed on Schedule 1, Emerald or Thrift Subsidiary has all power and authority necessary to amend or terminate each Benefit Plan without incurring any penalty or liability provided that, in the case of an employee pension benefit plan (as defined in section 3(2) of ERISA), benefits accrued as of the date of amendment or termination are not reduced.
Right to Amend and Terminate. Except as listed on Schedule 1, CitFed Bancorp or one of the Subsidiaries has all power and authority necessary to amend or terminate each Qualified Benefit Plan without incurring any penalty or liability provided that, in the case of an employee pension benefit plan (as defined in section 3(2) of ERISA), benefits accrued as of the date of amendment or termination are not reduced.
Right to Amend and Terminate. The Board of Directors of the Company shall have the right to terminate this Plan at any time or to modify, alter or amend it in whole or in part, subject to the Company's obligations to pay all sums then credited to Participants, Participant/Beneficiaries and Beneficiaries under the terms of this Plan.
Right to Amend and Terminate. Except as set forth on Schedule 1, Peoples Bank Corporation, the Bank Subsidiary and the PBC Subsidiaries have all power and authority necessary to amend or terminate each Benefit Plan in accordance with its terms (and the terms of each Benefit Plan, authorize amendments and terminations) and applicable law, without incurring any penalty or liability provided that, in the case of an employee pension benefit plan (as defined in section 3(2) of ERISA), benefits accrued as of the date of amendment or termination are not reduced, provided, further, that no such amendment or termination may eliminate contractual rights without the consent of the party holding such rights under any Benefit Plan not subject to ERISA.
Right to Amend and Terminate. Xxxxxxx Mac may amend, supplement, revise or terminate any of the provisions of this Attachment, in whole or in part, upon written notice to Seller during the term of Seller’s Master Agreement. Purchase and “No Cash-Out” Refinance Mortgages1 (Fixed-rate Mortgages only) 1-2 unit Primary Residence or second home 90% 90% 90% 680 700 1-2 unit Investment Property 90% 90% 90% 680 720 3-4 unit Primary Residence and Investment Property 80% 80% 80% 700 720 1 Streamlined refinance Mortgages are not permitted 1-2 unit Primary Residence 90% Mortgages with secondary financing are not permitted 680 720 1-unit second home 80% 680 720 1-2 unit Investment Property 75% 680 3-4 unit Primary Residence 75% 700 Not permitted
Right to Amend and Terminate. Xxxxxxx Mac may amend, supplement, revise or terminate any of the provisions of this Attachment, in whole or in part, upon written notice to Seller during the term of Seller’s Master Agreement. Purchase and “No Cash-Out” Refinance Mortgages1 (Fixed-rate Mortgages only) 1-2 unit Primary Residence or second home 90 % 90% 90 % 680 700 1-2 unit Investment Property 90 % 90% 90 % 680 720 3-4 unit Primary Residence and Investment Property 80 % 80% 80 % 700 720 1 Streamlined refinance Mortgages are not permitted 1-2 unit Primary Residence 90 % Mortgages with secondary financing are not permitted 680 720 1-unit second home 80 % 680 720 1-2 unit Investment Property 75 % 680 3-4 unit Primary Residence 75 % 700 Not permitted This Attachment, including the exhibits, if any, describes the terms under which Xxxxxxx Mac will purchase Mortgages under the special Guarantor delivery program developed by Xxxxxxx Mac’s Securities Sales & Trading Group (“SS&TG”). Mortgages delivered pursuant to this Attachment are subject to the provisions of the Guide, as amended by this Attachment.
Right to Amend and Terminate. Except as listed on Schedule 0, Xxxxxx, XxxxxXxxx and each of the Non-Bank Subsidiaries have all power and authority necessary to amend or terminate each Benefit Plan without incurring any material penalty or liability provided that, in the case of an employee pension benefit plan (as defined in section 3(2) of ERISA), benefits accrued as of the date of amendment or termination are not reduced.
Right to Amend and Terminate. Except as listed on the Delphos Schedules, Delphos or the Subsidiary has all power and authority necessary to amend or terminate each Benefit Plan without incurring any penalty or liability provided that, in the case of an employee pension benefit plan (as defined in section 3(2) of ERISA), benefits accrued as of the date of amendment or termination are not reduced.
