Common use of Right to Change Plans Clause in Contracts

Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to executive employees generally.

Appears in 9 contracts

Samples: Employment Agreement (Textron Inc), Employment Agreement (Textron Inc), Employment Agreement (Textron Inc)

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Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to executive employees generallygenerally and provided that the benefits or additional credit specifically as set forth in Section 3.8 below shall not be diminished.

Appears in 7 contracts

Samples: Employment Agreement (Textron Inc), Employment Agreement (Textron Inc), Employment Agreement (Textron Inc)

Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, program, program or perquisitefringe benefit, so long as such changes are similarly applicable to executive employees senior executives of the Company generally.

Appears in 3 contracts

Samples: Employment Agreement (Todco), Employment Agreement (Todco), Employment Agreement (Todco)

Right to Change Plans. The Company shall not be obligated by reason of any of the provisions of this Section 3 Article 3, to institute, maintain, or refrain from changing, amending, or discontinuing any compensation or benefit plan, program, or perquisiteperquisite (including but not limited to, so long as such changes in the amount of target annual bonus or target long-term performance incentives), provided that if any changes are similarly applicable made they will apply to executive employees generallythe Executive on a basis that is no less favorable to the Executive than when applied to other top executives of the Company.

Appears in 3 contracts

Samples: Control Severance Agreement, Employment Agreement (Edwards Lifesciences Corp), Employment Agreement (Alliance HealthCare Services, Inc.)

Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, program, program or perquisite, so long as such changes are similarly applicable to executive employees generally.

Appears in 2 contracts

Samples: Executive Employment Agreement (United Security Bancshares Inc), Executive Employment Agreement (United Security Bancshares Inc)

Right to Change Plans. The By reason of Paragraphs 3(e), and 3(f) herein, the Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to executive employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Innovative Clinical Solutions LTD), Employment Agreement (Innovative Clinical Solutions LTD)

Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to executive employees generally.

Appears in 1 contract

Samples: Employment Agreement (Levi Strauss & Co)

Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to ------------------------ institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, program, program or perquisitefringe benefit, so long as such changes are similarly applicable to executive employees senior executives of the Company generally.

Appears in 1 contract

Samples: Employment Agreement (Transocean Inc)

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Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to senior executive employees generally; provided, however, that no such change shall impair any award made to the Executive prior to the date such change is adopted by the Company or reduce the pension benefits to which the Executive is entitled under Section 3.4(b) and (c) above.

Appears in 1 contract

Samples: Employment Agreement (Textron Inc)

Right to Change Plans. The Company shall not be obligated by reason of any of the provisions of this Section 3 Article 3, to institute, maintain, or refrain from changing, amending, or discontinuing any compensation or benefit plan, program, or perquisiteperquisite (including but not limited to, so long as such changes in the amount of target annual bonus or target long-term performance incentives), provided that if any changes are similarly applicable made they will apply to executive employees generallythe Executive in substantially the same manner as they apply to other top executives of the Company.

Appears in 1 contract

Samples: Employment Agreement (Edwards Lifesciences Corp)

Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to executive employees generally.

Appears in 1 contract

Samples: Employment Agreement (Textron Inc)

Right to Change Plans. The By reason of the provisions herein, the Company shall not be obligated by reason of this Section 3 to institute, maintain, change, amend or discontinue, or to refrain from changing, amendingamending or discontinuing, or discontinuing any benefit plan, program, program or perquisite, so long as such changes are similarly applicable to executive employees generally.

Appears in 1 contract

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

Right to Change Plans. The Subject to Section 1.3(b), the Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly equally applicable to all executive employees generallyof the Company.

Appears in 1 contract

Samples: Employment Agreement (Savient Pharmaceuticals Inc)

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