Common use of Change and Modifications Clause in Contracts

Change and Modifications. This Agreement may not be orally changed, modified or terminated, nor shall any oral waiver of any of its terms be effective. This Agreement may be changed, modified or terminated only by an agreement in writing signed by the Company and the Optionholder; provided, however, that the consent of the Optionholder to an amendment or modification to this Agreement shall not be required for any amendment (i) which does not adversely affect the rights of the Optionholder, or (ii) which is necessary or advisable (as determined by the Committee) to carry out the purpose of this Agreement as a result of any new applicable law or change in an existing applicable law.

Change and Modifications. This Agreement may not be orally changed, modified or terminated, nor shall any oral waiver of any of its terms be effective. This Agreement may be changed, modified or terminated only by an agreement in writing signed by the Company and the OptionholderOptionee; provided, however, that the consent of the Optionholder Optionee to an amendment or modification to this Agreement shall not be required for any amendment (i) which does not adversely affect the rights of the OptionholderOptionee, or (ii) which is necessary or advisable (as determined by the Committee) to carry out the purpose of this Agreement as a result of any new applicable law or change in an existing applicable law.

Change and Modifications. This Agreement may not be orally changed, modified or terminated, nor shall any oral waiver of any of its terms be effective. This Agreement may be changed, modified or terminated only by an agreement in writing signed by the Company and the OptionholderOptionee; provided, however, that the consent of the Optionholder Optionee to an amendment or modification to this Agreement shall not be required for any amendment (i) which that does not adversely affect the rights of the OptionholderOptionee, or (ii) which that is necessary or advisable (as determined by the Committee) to carry out the purpose of this Agreement as a result of any new applicable law or change in an existing applicable law.