Common use of Right to Change Plans Clause in Contracts

Right to Change Plans. Executive shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite referred to in Section 2(b), so long as such changes are similarly applicable to other peer executives of Employer.

Appears in 1 contract

Samples: Employment Agreement (Florida East Coast Industries Inc)

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Right to Change Plans. Executive shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite referred to in Section 2(b), so long as such changes are similarly applicable to other peer executives of Employer; provided the foregoing shall not apply to the SERP or other benefits unique to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Florida East Coast Industries Inc)

Right to Change Plans. Executive shall not be obligated to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, program, or perquisite referred to in Section 2(bSections 2(b)(vi), 2(b)(vii), 2(b)(ix) and 2(b)(xii), so long as such changes are similarly applicable to other peer executives of Employer.

Appears in 1 contract

Samples: Employment Agreement (Florida East Coast Industries Inc)

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Right to Change Plans. Executive shall not be obligated to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, program, or perquisite referred to in Section 2(b), so long as such changes are similarly applicable to other peer executives of EmployerFECI.

Appears in 1 contract

Samples: Employment Agreement (Florida East Coast Industries Inc)

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