Common use of Termination and Amendment of Outstanding Grants Clause in Contracts

Termination and Amendment of Outstanding Grants. A termination or amendment of the Plan that occurs after a Grant is made shall not materially impair the rights of a Participant with respect to such Grant unless the Participant consents or unless the Committee acts under Section 18(f). The termination of the Plan shall not impair the power and authority of the Committee with respect to an outstanding Grant. Whether or not the Plan has terminated, an outstanding Grant may be terminated or amended under Section 18(f) or may be amended by agreement of the Company and the Participant consistent with the Plan.

Termination and Amendment of Outstanding Grants. A termination or amendment of the Plan that occurs after a Grant grant is made shall not materially impair the rights of a Participant with respect to such Grant Grantee unless the Participant Grantee consents or unless the Committee acts under Section 18(f15(b). The termination of the Plan shall not impair the power and authority of the Committee under the Plan with respect to an outstanding Grantgrant. Whether or not the Plan has terminated, an outstanding Grant grant may be terminated or amended under Section 18(f15(b) or may be amended by agreement of the Company and the Participant Grantee consistent with the Plan.

Termination and Amendment of Outstanding Grants. A termination or amendment of the Plan that occurs after a Grant is made shall not materially impair result in the rights termination or amendment of a Participant with respect to such the Grant unless the Participant Grantee consents or unless the Committee acts under Section 18(f)20(b) below. The termination of the Plan shall not impair the power and authority of the Committee with respect to an outstanding Grant. Whether or not the Plan has terminated, an outstanding Grant may be terminated or amended under Section 18(f20(b) below or may be amended by agreement of the Company and the Participant Grantee which is consistent with the Plan.