Common use of Amendment and Termination Procedures Clause in Contracts

Amendment and Termination Procedures. The following procedural requirements shall govern the adoption of any amendment or termination (a "Change") of this Plan and Trust: (a) The Company may adopt any Change by action of its board of directors in accordance with its normal procedures. (b) The Committee, if acting as Administrator in accordance with Section 15.6, may adopt any amendment within the scope of its authority provided under Section 19.1 and in the manner specified in Section 15.7(a). (c) Any Change must be (1) set forth in writing, and (2) signed and dated by the Company's board of directors or its designee. (d) If the effective date of any Change is not specified in the document setting forth the Change, it shall be effective as of the date it is signed in accordance with clause (2) above, except to the extent that another effective date is necessary to maintain the qualified status of this Plan and Trust under Code sections 401(a) and 501(a). (e) No Change affecting the Trustee in its capacity as Trustee or in any other capacity shall become effective until it is accepted and signed by the Trustee (which acceptance shall not unreasonably be withheld).