Right to Modify Plans Sample Clauses

Right to Modify Plans. Client reserves the right to modify, reject, cancel or stop any and all plans, schedules, or work in process. In such event Agency shall immediately take proper steps to carry out Client's instructions. In turn, Client agrees to assume Agency's liability for all authorized commitments; to reimburse Agency for all expenses incurred; to pay Agency any related service charges in accordance with the provisions of this Agreement; and to indemnify Agency for all claims and actions by third parties for damages and expenses that result from carrying out Client's instructions.
Sample 1
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Right to Modify Plans. The Company shall have the right to annually modify plan design and premium costs consistent with changes applicable to company employees generally. The Company will, during the life of the bargaining Agreement, maintain and contribute to the cost of health care insurance for regular full-time bargaining unit personnel as per provided Company Plan. Part-time and temporary employees are not eligible. The offered group insurance plans may be modified from year- to-year for cost containment, during the Company’s annual renewal, legal requirements including the Patient Protection and Affordability Care Act, improve coverage or carrier-imposed changes. It is agreed that the Company and the Union may agree to change vendors of health care, dental care, and life insurance during the life of the Agreement. Any such benefit change will provide comparable coverage/design as the incumbent plan. Should there be a significant change in the plan benefits or a rise in the rates, the Company and Union will meet to resolve any resulting issues. The Company reserves the right to adjust medical insurance coverage in order to comply with any applicable state and federal law/requirements. In the event the Company incurs state or federal penalties, the Company and the Union will renegotiate the handling of the unused health and welfare money. Employees will be allowed to waive medical if they provide proof of other group coverage. The employee is responsible for the taxable portion of the H&W if cash in lieu is selected.
Sample 1

Related to Right to Modify Plans

  • Right to Modify BNYM may alter, modify or change the Licensed System or any component, code, language, function, format, design, architecture, security measure or other element of whatsoever nature of the Licensed System and implement such alterations, modifications and changes into the Documentation and/or the Licensed System as Updates or Upgrades applicable to Company's continued use of the Licensed System after such implementation; provided, however, at no time shall this section be interpreted in such a manner as to allow BNYM by such alterations, modifications or changes to alter the License granted by Section 2.1 or modify any other service obligation of BNYM under this Agreement.

  • Power to Modify Foregoing Procedures Notwithstanding any of the foregoing provisions of this Article IX, the Trustees may prescribe, in their absolute discretion except as may be required by the 1940 Act, such other bases and times for determining the per share asset value of the Trust's Shares or net income, or the declaration and payment of dividends and distributions as they may deem necessary or desirable for any reason, including to enable the Trust to comply with any provision of the 1940 Act, or any securities exchange or association registered under the Securities Exchange Act of 1934, or any order of exemption issued by the Commission, all as in effect now or hereafter amended or modified.

  • 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.

  • Authorization to Modify Restrictions It is the intention of the parties that the provisions of Article IV hereof shall be enforceable to the fullest extent permissible under applicable law, but that the unenforceability (or modification to conform to such law) of any provision or provisions hereof shall not render unenforceable, or impair, the remainder thereof. If any provision or provisions hereof shall be deemed invalid or unenforceable, either in whole or in part, this Agreement shall be deemed amended to delete or modify, as necessary, the offending provision or provisions and to alter the bounds thereof in order to render it valid and enforceable.

  • Right to Amend This Agreement may only be amended through written consent of the Parties.

  • Plan Provisions In addition to the terms and conditions set forth herein, the Award is subject to and governed by the terms and conditions set forth in the Plan, as may be amended from time to time, which are hereby incorporated by reference. Any terms used herein with an initial capital letter shall have the same meaning as provided in the Plan, unless otherwise specified herein. In the event of any conflict between the provisions of the Agreement and the Plan, the Plan shall control.

  • Company Not to Diminish Benefits of Rights The Company covenants and agrees that after the earlier of the Shares Acquisition Date or Distribution Date it will not, except as permitted by Section 23, Section 26 or Section 27, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights.

  • Right to Revoke Employee may revoke this Agreement by notice to Company, in writing, received within seven (7) days of the date of its execution by Employee (the “Revocation Period”). Employee agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges and agrees that if Company has not received from Employee notice of Employee’s revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived Employee’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

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