Termination or Amendment of Plan Sample Clauses

Termination or Amendment of Plan. The Board may terminate or amend the Plan at any time. No such termination or amendment will affect rights and obligations under this Option, to the extent it is then in effect and unexercised.

Termination or Amendment of Plan. The Compensation Committee of the Board of Directors, or the full Board of Directors, as the case may be, of the Company may terminate or amend the Plan at any time. No such termination or amendment will affect the parties’ respective rights and obligations under this Agreement, as and to the extent that this Agreement then remains in effect.

Termination or Amendment of Plan. The Plan may be amended or terminated by agreement between the Employer and the Union. Any amendment(s) shall be binding upon all present and future Participants.

Termination or Amendment of Plan a. The Plan may be amended in accordance with the Collective Agreement. b. The Plan may be terminated in accordance with the Collective Agreement. c. No amendment shall be made to the Plan which will prejudice any tax ruling which is applicable to the Plan prior to the amendment.

Termination or Amendment of Plan. The Board may terminate or amend the Plan at any time. However, subject to changes in applicable law, regulations or rules that would permit otherwise, without the approval of the Company's stockholders, there shall be (a) no increase in the maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Section 4.2), (b) no change in the class of persons eligible to receive Incentive Stock Options, and (c) no other amendment of the Plan that would require approval of the Company's stockholders under any applicable law, regulation or rule. No termination or amendment of the Plan may adversely affect any then outstanding Option or any unexercised portion thereof, without the consent of the Optionee, unless such termination or amendment is required to enable an Option designated as an Incentive Stock Option to qualify as an Incentive Stock Option or is necessary to comply with any applicable law, regulation or rule.

Termination or Amendment of Plan. 9.1. The Plan may be amended or terminated by the City only after consultation with the Union. Any amendment(s) shall be binding upon all present and future Participants. 9.2. No amendment(s) shall be made to the Plan which shall prejudice any tax ruling which is applicable to the Plan prior to the amendment. This Agreement is made in duplicate on this day of , 20 . BETWEEN: The City of St. Xxxxxx (hereinafter referred to as the “City”) AND:

Termination or Amendment of Plan. (a) Subject to subsection (b) below, this Plan shall remain in effect until the earliest to occur of (i) the twentieth (20th) anniversary of the Effective Date, (ii) the first occurrence of a Liquidation Event, (iii) there have been Redemptions resulting in Redemption Proceeds in excess of $243.8 million or (iii) the consummation of a Qualified Public Offering. Upon consummation of a Qualified Public Offering, the Plan will be terminated after distribution of all Bonuses payable with respect to any Bonus Pool to be established as a result of any Redemption in connection with, or as a result of the use of proceeds from, the Qualified Public Offering. Except as provided in the preceding sentence, no Bonuses will be payable hereunder with respect to any Liquidation Event or Redemption that occurs after the termination of this Plan. (b) The Company may amend, modify or terminate this Plan, in writing, at any time; provided, however; that no amendment, modification or termination of the Plan that may adversely affect the rights or potential rights of any Participant shall become effective, unless the Participant consents to such amendment, modification or termination in writing. Notwithstanding the foregoing, as a purely ministerial action, the Company’s Chief Executive Officer may amend or modify Exhibit A from time to time as necessary to reflect the identification of the Participants and their respective Bonus Percentages in accordance with the terms of the Plan.

Termination or Amendment of Plan. 7.1 The Plan may be amended by agreement between the Board and the Association. Any amendment(s) shall be binding upon all present and future Participants. 7.2 All amendments to the Plan shall comply with the Income Tax Act. 7.3 The Plan may be terminated by either party upon 90 days’ notice in writing directed by one party to the other. However, those teachers participating under the Plan at the time of such 90 days notice may continue with the Plan until the leave of absence has been fulfilled by virtue of the provisions of this agreement. SIGNED BY: DATE: NAME: TITLE: SIGNED BY: DATE: NAME: TITLE: I have read and agree to the terms and conditions of the Agreement between the Board of Trustees of School District No. 22 and the Xxxxxx Teachers’ Association governing the administration of the plan, and I agree to enter the plan under the following conditions. 1. I will contribute 20 % of my income (grid salary and allowances) per month to the Deferred Salary Leave (3-4-5) Plan. 2. The deferred income will be invested in trust on my behalf and I will be paid the interest earned on the trust annually. 3. I agree to take my leave on the 3rd, 4th,or 5th year after my enrollment in the plan. If I wish to defer my leave to the 6th year, I agree to notify the board in writing by March 31st prior to the 5th year after enrollment in the plan. 4. I understand and agree that notwithstanding any other agreement, the leave will commence no later that 6 years after the commencement of contributions to the plan. Further the full amount of the deferred income held in trust will be paid out not later than the end of the taxation year following the 6th anniversary of enrollment in the plan. 5. I understand that upon withdrawal from the plan the deferred salary invested in the trust on my behalf along with any accumulated interest earnings will be paid out in a lump sum within sixty days. 6. I understand that during the leave I cannot work for or receive any salary or wage from the School District or related organizations.

Termination or Amendment of Plan. Notwithstanding any other provision of the Plan, the Board may at any time, and from time to time, amend, in whole or in part, any or all of the provisions of the Plan (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Article VI or Section 409A of the Code), or suspend or terminate it entirely, retroactively or otherwise; provided, however, that, unless otherwise required by law or specifically provided herein, the rights of a Participant with respect to Awards granted prior to such amendment, suspension or termination, may not be impaired without the consent of such Participant Notwithstanding anything herein to the contrary, the Board may amend the Plan or any Award Agreement at any time without a Participant’s consent to comply with applicable law including Section 409A of the Code. The Committee may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Article III or as otherwise specifically provided herein, no such amendment or other action by the Committee shall impair the rights of any holder without the holder’s consent.

Termination or Amendment of Plan. The Board may terminate or amend the Plan at any time. However, subject to changes in applicable law, regulations or rules that would permit otherwise, without the approval of the Company's stockholders, there shall be (a) no increase in the maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Section 4.2), (b) no change in the class of persons eligible to receive Incentive Stock Options, and (c) no other amendment of the Plan that would require approval of the Company's stockholders under any applicable law, regulation or rule. In any event, no termination or amendment of the Plan may adversely affect any then outstanding Option or any unexercised portion thereof, without the consent of the Optionee, unless such termination or amendment is required to enable an Option designated as an Incentive Stock Option to qualify as an Incentive Stock Option or is necessary to comply with any applicable law, regulation or rule. STOCKHOLDER APPROVAL. The Plan or any increase in the maximum number of shares of Stock issuable thereunder as provided in Section 4.1 (the MAXIMUM SHARES) shall be approved by the stockholders of the Company within twelve (12) months of the date of adoption thereof by the Board. Options granted prior to stockholder approval of the Plan or in excess of the Maximum Shares previously approved by the stockholders shall become exercisable no earlier than the date of stockholder approval of the Plan or such increase in the Maximum Shares, as the case may be.