Common use of Amendments to the Plan Clause in Contracts

Amendments to the Plan. The Committee may, with the Trustees' written consent, from time to time amend the Plan provided that: (a) no amendment which would adversely prejudice to a material extent the rights attaching to any Plan Shares awarded to or acquired by Participants may be made nor may any alteration be made giving to Participating Companies a beneficial interest in Plan Shares; and (b) if the Plan is approved by the Inland Revenue at the time of an amendment or addition, any amendment or addition to a "key feature" (as defined in paragraph 84(6) of the Schedule) of the Plan shall not have effect unless and until the written approval of the Inland Revenue has been obtained in accordance with paragraph 81 of the Schedule; and (c) any amendment to the Deed shall be made by supplemental deed; and (d) any amendment to the Rules may be made by supplemental deed or resolution of the Committee.

Appears in 1 contract

Sources: Trust Deed (Apache Corp)

Amendments to the Plan. The Committee may, with the Trustees' written consent, from time to time amend the Plan provided that: (a) no amendment which would adversely prejudice to a material extent the rights attaching to any Plan Shares awarded to or acquired by Participants may be made nor may any alteration be made giving to Participating Companies a beneficial interest in Plan Shares; and (b) if the Plan is approved by the Inland Revenue at the time of an amendment or addition, any amendment or addition to a "key feature" (as defined in paragraph 84(6118(3)(a) of the Schedule) of the Plan shall not have effect unless and until the written approval of the Inland Revenue has been obtained in accordance with paragraph 81 4 of the Schedule; and (c) any amendment to the Deed shall be made by supplemental deed; and (d) any amendment to the Rules may be made by supplemental deed or resolution of the Committee.

Appears in 1 contract

Sources: Trust Deed (Timken Co)

Amendments to the Plan. The Committee may, with the Trustees' written consent, from time to time amend the Plan provided that: (a) no amendment which would adversely prejudice to a material extent the rights attaching to any Plan Shares awarded to or acquired by Participants may be made nor may any alteration be made giving to Participating Companies a beneficial interest in Plan Shares; , and (b) if the Plan is approved by the Inland Revenue at the time of an amendment or addition, any amendment or addition to a "key feature" (as defined in paragraph 84(6118(3)(a) of the Schedule) of the Plan shall not have effect unless and until the written approval of the Inland Revenue has been obtained in accordance with paragraph 81 4 of the Schedule; and (c) any amendment to the Deed shall be made by supplemental deed; and (d) any amendment to the Rules may be made by supplemental deed or resolution of the Committee.

Appears in 1 contract

Sources: Trust Deed (Abbott Laboratories)