Common use of Right to Change Plans Clause in Contracts

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the Executive’s peer executives.

Appears in 20 contracts

Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)

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Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the The Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly equally applicable to all executive employees in the Executive’s peer executivesCompany.

Appears in 14 contracts

Samples: Employment Agreement (Bio Technology General Corp), Employment Agreement (Bio Technology General Corp), Employment Agreement (Bio Technology General Corp)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the The Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly equally applicable to all executive employees of the Executive’s peer executivesCompany.

Appears in 10 contracts

Samples: Employment Agreement (TherapeuticsMD, Inc.), Employment Agreement (Savient Pharmaceuticals Inc), Employment Agreement (Savient Pharmaceuticals Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, Articles 5.5 and 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy plan or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivescomparably situated employees.

Appears in 8 contracts

Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 4.5 and 5.7 4.6 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy plan or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 6 contracts

Samples: Employment Agreement (Carmax Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 4.5 and 5.7 4.6 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 5 contracts

Samples: Employment Agreement (Bank of America Corp /De/), Employment Agreement (Boatmens Bancshares Inc /Mo), Employment Agreement (Boatmens Bancshares Inc /Mo)

Right to Change Plans. By reason of Sections 5.4, 5.5, Articles 5.5 and 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy plan or program, so long as such changes are similarly applicable to the Executive’s peer executivesperquisite.

Appears in 3 contracts

Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the ExecutiveSenior Vice President’s peer executives.

Appears in 3 contracts

Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein2.04 through 2.08, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, amending or discontinuing any benefit plan, program, policy or programany perquisite, so long as such changes are similarly applicable to other senior executive officers of the Executive’s peer executivesCompany.

Appears in 3 contracts

Samples: Employment Agreement (Imc Global Inc), Employment Agreement (Imc Global Inc), Employment Agreement (Imc Global Inc)

Right to Change Plans. By reason of Sections 5.44.3, 5.54.4, 5.6 4.5, and 5.7 4.6 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 3 contracts

Samples: Employment Agreement (Ryland Group Inc), Employment Agreement (Ryland Group Inc), Employment Agreement (Ryland Group Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the ExecutiveVice President’s peer executives.

Appears in 2 contracts

Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)

Right to Change Plans. By reason of Sections 5.4Paragraphs 4.5, 5.54.6, 5.6 and 5.7 4.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Smart & Final Inc/De), Employment Agreement (Smart & Final Inc/De)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 4.6 and 5.7 4.7 herein, the Company shall not be obligated to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, policy program or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (United Security Bancshares Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 4.5 and 5.7 4.6 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (R&b Falcon Corp)

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Right to Change Plans. By reason of Sections 5.4Paragraphs 4.4, 5.54.5, 5.6 and 5.7 4.6 --------------------- herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesExecutive are equally applicable to other executives of the Company (i.e., the benefits of the ---- Executive will not be singled out for reduction or modification in a manner inconsistent to that provided to other executives of the Company).

Appears in 1 contract

Samples: Employment Agreement (Guarantee Life Companies Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the The Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly equally applicable to all executive employees in the Executive’s peer executives.Company. Back to Contents

Appears in 1 contract

Samples: Employment Agreement (Savient Pharmaceuticals Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 the provisions herein, the Company shall not be obligated to institute, maintain, change, amend or discontinue, or to refrain from changing, amendingamending or discontinuing, or discontinuing any benefit plan, policy program or programperquisite referenced in Section 4.5 above, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (Smart & Final Inc/De)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 4.6 and 5.7 4.7 herein, ---------------------- the Company shall not be obligated to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, policy program or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (United Security Bancshares Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 Section 4.5 and 5.7 4.6 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (Boatmens Bancshares Inc /Mo)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 the provisions herein, the Company shall not be obligated to institute, maintain, change, amend or discontinue, or to refrain from changing, amendingamending or discontinuing, or discontinuing any benefit plan, policy program or programperquisite referenced in Section 4.7 above, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (Smart & Final Inc/De)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the Executive’s peer executives.

Appears in 1 contract

Samples: Employment Agreement (Carmax Inc)

Right to Change Plans. By reason of Sections Articles 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the Executive’s peer executives.. Article

Appears in 1 contract

Samples: Severance Agreement (Carmax Inc)

Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 4.6 and 5.7 4.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or programperquisite, so long as such changes are similarly applicable to the Executive’s peer executivesexecutive employees generally.

Appears in 1 contract

Samples: Employment Agreement (Amsouth Bancorporation)

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