Termination or Amendment of the Plan Clause Samples

Termination or Amendment of the Plan. The Board of Directors may without the consent of the shareholders, at any time, suspend, amend, or terminate the Plan, provided that except as set forth in Section 10 hereof, no amendment may be adopted that will: (A) increase the number of shares reserved for Options under the Plan; (b) change the Option price or the method of determining the Option price; (c) change the provisions required for compliance with Section 422A of the Internal Revenue Code and Regulations issued thereunder; or (d) cause noncompliance with Rule 16b-3. The Board of Directors may amend the Plan to the extent permitted by law if they deem it advisable in order to comply with the applicable Internal Revenue Code provisions and with Rule 16b-3. The Board shall not amend the Plan so as to materially increase the benefits accruing to participants under the Plan or materially modify the requirements for eligibility for participation in the Plan without the approval of the shareholders of the Company. The amendment or termination of this Plan shall not, without the consent of the Optionee, alter or impair any rights or obligations under any Option previously granted hereunder.
View SourceView Similar (14)
Termination or Amendment of the Plan. (a) This Plan may be amended or terminated by agreement between the Union and the Employer. (b) No amendment shall be made to the Plan which will prejudice any tax ruling which is applicable to the Plan prior to the amendment.
View SourceView Similar (12)
Termination or Amendment of the Plan. (a) This Plan may be amended or terminated by agreement between COPE 378 and the BCGEU. Any amendments shall be binding upon all present and future participants. (b) No amendment shall be made to the Plan which will prejudice any tax ruling which is applicable to the Plan prior to the amendment.
View SourceView Similar (7)
Termination or Amendment of the Plan. Subject to the limitations contained in Section 16.3 below, including specifically the requirement of stockholder approval, if applicable, the Board may at any time suspend or terminate the Plan or make such modifications of the Plan as it shall deem advisable. Unless the Board otherwise expressly provides, no amendment of the Plan shall affect the terms of any Award outstanding on the date of such amendment.
View SourceView Similar (2)
Termination or Amendment of the Plan. This Plan may be amended or terminated by agreement between the Staff Union and the BCGEU. Any amendments shall be binding upon all present and future participants.
View Source
Termination or Amendment of the Plan. No amendment shall be made to the Plan which will prejudice any tax ruling which is applicable to the Plan prior to the amendment.
View Source
Termination or Amendment of the Plan 
View Source

Related to Termination or Amendment of the Plan

  • Termination or Amendment The Committee may terminate or amend the Plan or this Agreement at any time; provided, however, that no such termination or amendment may adversely affect the Participant’s rights under this Agreement without the consent of the Participant unless such termination or amendment is necessary to comply with applicable law or government regulation. No amendment or addition to this Agreement shall be effective unless in writing.

  • Amendment and Termination of the Plan The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have not yet been earned by the Participants to whom they have been awarded. However, the termination of the Trust shall not affect a Participant's right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board. Notwithstanding the foregoing, no action of the Board may increase (other than as provided in Section 9.01 hereof) the maximum number of Plan Shares permitted to be awarded under the Plan as specified at Section 5.03, materially increase the benefits accruing to Participants under the Plan or materially modify the requirements for eligibility for participation in the Plan unless such action of the Board shall be subject to ratification by the stockholders of the Parent.

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

  • Termination of the Plan Any other provi- sion of this plan to the contrary notwith- standing, no benefit will be paid for charges incurred by a participant or former par- ticipant after the termination of this plan.

  • Modification, Amendment and Termination This Limited Guaranty may be modified, amended or terminated only by the written agreement of GMAC and the Trustee and only if such modification, amendment or termination is permitted under Section 12.02 of the Servicing Agreement. The obligations of GMAC under this Limited Guaranty shall continue and remain in effect so long as the Servicing Agreement is not modified or amended in any way that might affect the obligations of GMAC under this Limited Guaranty without the prior written consent of GMAC.