Common use of Waiver, Amendment or Modification Clause in Contracts

Waiver, Amendment or Modification. The Committee may in its discretion waive any conditions or rights under this Agreement. The Committee may, in its discretion, amend, modify, suspend, discontinue or terminate this Agreement without the consent of the Participant (provided that no such action that is materially adverse to the Participant may be taken without his consent).

Appears in 3 contracts

Samples: Stock Appreciation Right Award Agreement (Emtec Inc/Nj), Stock Appreciation Right Award Agreement (Emtec Inc/Nj), Restricted Stock Award Agreement (Emtec Inc/Nj)

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Waiver, Amendment or Modification. The Committee may in its discretion waive any conditions or rights under this Agreement. The Committee may, in its discretion, Agreement and may amend, modify, suspend, discontinue or terminate this Agreement without the consent of the Participant (provided that no such action that is materially adverse to the Participant may be taken without his consent)Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Emtec Inc/Nj)

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