Common use of Amendments of the Agreement Clause in Contracts

Amendments of the Agreement. Any amendments to this agreement must receive written consent of both parties, i.e. the Participant and the fund management entity. But the relevant amendments cannot lead to: 1. Decrease in the amount of money payable on the day of change; or 2. Reduction of accrued benefits; or 3. Damage to the objective of the pension funds under this agreement.

Appears in 8 contracts

Sources: Individual Provident Fund Scheme Service Agreement, Individual Provident Fund Scheme Service Agreement, Individual Provident Fund Scheme Service Agreement