Common use of Amendments or Additions Clause in Contracts

Amendments or Additions. ACTION BY LFC'S OR THE BANK'S BOARD OF DIRECTORS. No amendments or additions to this Amended Agreement shall be binding unless in writing and executed by both LFC and the Bank and by Norton. The prior approval by the affirmative vote of the majority of the full Board of Directors of the Bank or of LFC, respectively, shall be required in order for the Bank or LFC, respectively, to authorize and execute any amendments or additions to this Amended Agreement, to give any consents or waivers of the provisions of this Amended Agreement, or to take any other action under this Amended Agreement, including any termination of the employment of Norton, with or without cause, under the provisions of Section 9(a), above.

Amendments or Additions. ACTION BY LFC'S OR THE BANK'S BOARD OF DIRECTORSAction by Bank's Board of Directors. No amendments or additions to this Amended Agreement shall be binding unless in writing and executed by both LFC and the Bank and by Norton. The prior approval by the affirmative vote of the majority of the full Board of Directors of the Bank or of LFC, respectively, shall be required in order for the Bank or LFC, respectively, to authorize and execute any amendments or additions to this Amended Agreement, to give any consents or waivers of the provisions of this Amended Agreement, or to take any other action under this Amended Agreement, including any termination of the employment of Norton, with or without cause, under the provisions of Section 9(a), above.