Amendments to Plans Sample Clauses
The "Amendments to Plans" clause establishes the process by which previously agreed-upon plans, such as project schedules, designs, or specifications, can be modified during the course of a contract. Typically, this clause outlines the requirements for proposing changes, obtaining necessary approvals from relevant parties, and documenting any revisions to ensure all stakeholders are informed. Its core practical function is to provide a clear and structured method for updating plans, thereby minimizing misunderstandings and disputes when changes become necessary.
Amendments to Plans. The Member acknowledges and agrees that PCA may change, update, replace, restate or otherwise amend the Plans from time to time, subject to compliance with the Regulation and the approval of the relevant Regulator(s). PCA will use reasonable commercial efforts to provide Member with as much advance notice of any contemplated amendment to a Plan as possible.
Amendments to Plans. Directly or indirectly, amend or otherwise modify in any material respect the Development Plan, the Financial Model or the Environmental Management Plan without the prior consent of the Majority Lenders.
Amendments to Plans. 6.15.1 With respect to each Westbank Employee Plan subject to Section 409A of the Code, Westbank agrees to amend each such plan or cause each such plan to be amended to the extent necessary to comply with Section 409A of the Code (or to cause such plan, in whole or in part, to avoid the application of Section 409A of the Code by preserving the terms of such plan, and the law in effect, for benefits earned and vested as of December 31, 2004) prior to the earlier of the Effective Time or the deadline imposed by the IRS. Such amendments shall be provided to NewAlliance and its counsel at least ten days prior to their proposed adoption by Westbank or WB and shall be subject to the prior approval of NewAlliance, which shall not be unreasonably withheld.
6.15.2 Prior to December 31, 2006, Westbank shall amend its Money Purchase Pension plan and its 401(k) Retirement Plan (to the extent practicable under applicable law) in order to exclude from the compensation covered by such plans the following items:
(a) any compensation recognized with respect to stock options or restricted stock awards subsequent to June 30, 2006, (b) any severance payments, including any severance to be prepaid in 2006, and (c) the payment of benefits pursuant to any Westbank Employee Plan, including the supplemental retirement plan agreements. Such amendments shall be provided to NewAlliance and its counsel at least ten days prior to their proposed adoption by Westbank or WB and shall be subject to the prior approval of NewAlliance, which shall not be unreasonably withheld.
Amendments to Plans. Each of the Company stock option plans ------------------- providing for the issuance or grant of options in respect to the stock of Company shall be assumed as of the Effective Time by Parent with such amendments thereto as may be required to reflect the Merger, including the substitution of Parent Common Stock for Company Common Stock thereunder.
Amendments to Plans. 18 EMPLOYEE BENEFITS AGREEMENT THIS EMPLOYEE BENEFITS AGREEMENT, dated as of the ____ day of _________, 2003, is by and between F.N.B. Corporation, a Florida corporation ("Parent"), and First National Bankshares of Florida, Inc., a Florida corporation ("SpinCo").
Amendments to Plans. RIHC may amend the Plans from time to time to amend the scope of the Project, subject to the provisions of this Section 3.2. Any such amendment shall be in writing and shall identify with particularity the changes to the Plans, and the corresponding changes to the Construction Disbursement Budget and each line item to be changed, the amount of the change, and the amount from the "Contingency" line item in the Construction Disbursement Budget to be reallocated or Additional Contributions which will be utilized to pay for the increase. Any such amendment shall become effective if, and only if, RIHC certifies (in an Officer's Certificate, as defined in the Indenture) that the following conditions have been satisfied:
(a) all such changes to the Plans are in the best interest of RIHC and the Project, and in no material way detracts from or decreases the original scope or quality of the Project;
(b) all line item increases, if any, are reasonably necessary in order to complete the work represented by such line item;
(c) the costs represented by such line item increases do not exceed the "Contingency" line item and Additional Contributions, in each case to the extent not previously expended or dedicated to the payment of items contained in the Construction Disbursement Budget (other than the "Contingency" line item); and
(d) immediately following such increases (i) the Construction Disbursement Budget provides for construction of improvements which are substantially consistent with the Project and the Plans as amended, (ii) the Construction Disbursement Budget reasonably establishes the line item components of the work required to be undertaken in order to complete construction of the Project, and reasonably establishes the cost of completing each line item component of such work, and (iii) the Remaining Costs will not exceed the Available Funds and the amount of unspent funds available from the FF&E Financing.
Amendments to Plans. To the extent not otherwise described in this Agreement, each of Parent and SpinCo shall have the authority to take all action necessary to cause any Plans to be amended in order to effect the provisions of this Agreement, and until such time as formal amendments are adopted, such Plans shall be deemed amended as of the Distribution Date in order to effect the provisions contained in this Agreement.
Amendments to Plans. 7 SECTION 3.3. Major Contracts and Permits ................................................ 8 SECTION 3.4. Segregated Account ......................................................... 8 SECTION 4. Conditions Precedent to Construction Disbursement Account Disbursement .......... 8 SECTION 4.1. General Conditions ......................................................... 9 SECTION 4.2. Initial Disbursement ....................................................... 9 SECTION 4.3. Final Disbursement Following Operating Date ................................ 9 SECTION 4.4.
Amendments to Plans. The Member acknowledges and agrees that CALL2RECYCLE may change, update, replace, restate or otherwise amend the Plans from time to time, subject to compliance with the Regulation and the approval of the relevant Regulator(s). CALL2RECYCLE will provide not less than ninety (90) days prior written notice to the Member of any contemplated amendment to the Plan. CALL2RECYCLE agrees to provide to the Member a copy of all amendments made to the Plans in accordance with this Agreement within thirty (30) days of the approval by the relevant Regulator(s), of each such amendment. The Member shall be bound by each revised version of the same as each revision may be issued, as though each was set out originally in the Plan and the Member covenants and agrees to abide by, comply with and satisfy such revised Plan.
Amendments to Plans. Such amendments to each Company stock option plan and Company Option as may be required to reflect the Merger and the terms of this SECTION 2.9 shall be deemed to have been made at the Effective Time.