Retroactive Amendment Clause Samples
A Retroactive Amendment clause allows changes made to an agreement to take effect from a date in the past, rather than only from the date the amendment is signed. In practice, this means that the parties can agree to modify terms such as pricing, obligations, or deadlines and have those modifications apply as if they had been in place since an earlier specified date. This clause is particularly useful for correcting oversights, aligning contractual terms with actual business practices, or addressing changes that were informally agreed upon before being formally documented, thereby ensuring the contract accurately reflects the parties' intentions and actions during the retroactive period.
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Retroactive Amendment. The Company may amend this Plan to qualify it under the provisions of Section 401(a) of the I.R.C., and any such amendment, by its terms, may be effective retroactively.
Retroactive Amendment. Any amendment to this Agreement adopted pursuant to Section 9.1 or 9.2 may take effect retroactively, provided that no amendment shall be made which retroactively increases the duty of care required of a present or former Trustee or retroactively diminishes their right to indemnity under this Agreement. PART 10 - Termination of Participation in the Plan
Retroactive Amendment. Any amendment to the Pension Plan Rules may take effect retroactively or otherwise as the Partners or the Board, as the case may be, direct.
Retroactive Amendment. Any amendment to this Trust Agreement may take place retroactively, provided that no amendment may be made which retroactively increases the duty of care required of a present or former Trustee or retroactively diminishes their right to indemnity under this Trust Agreement.
Retroactive Amendment. Any amendment to this Joint Trust Agreement may take place retroactively or otherwise as the Partners or the Board, as the case may be, may direct, provided that no amendment shall be made which retroactively increases the duty of care required of a present or former Trustee or retroactively diminishes their right to indemnity under this Joint Trust Agreement.
Retroactive Amendment. Subject to the foregoing limitations, any amendment may be made retroactively that, in the judgment of Ardent Health Services, is necessary or advisable provided that such retroactive amendment does not deprive a Participant, without his or her consent, of a right to receive benefits that have already vested in such Participant, except such modification or amendment as shall be necessary to comply with any applicable law.
Retroactive Amendment. Any amendment to this Agreement may take place retroactively or otherwise as the Signatories or the Board, as the case may be, may direct, provided that no amendment shall be made which retroactively increases the duty of care required of a present or former Trustee or retroactively diminishes their right to indemnity under this Agreement.
Retroactive Amendment. This Amendment shall be in full force and effect retroactive to the original date of the Agreement of March 26, 2010.
Retroactive Amendment. Where extenuating or exceptional circumstances make it expedient to do so, an amendment to the Retiree Benefit Plan Rules may take effect retroactively or otherwise as the Partners or the Board, as the case may be, direct.