1Termination or Amendment. The Administrator may terminate or amend the Plan or this Agreement at any time; provided, however, that except as provided in Section 8 in connection with a Change in Control, no such termination or amendment may have a materially adverse effect on 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, including, but not limited to, Code Section 409A. No amendment or addition to this Agreement shall be effective unless in writing.
Appears in 2 contracts
Sources: Restricted Stock Units Award Agreement (Madison Gas & Electric Co), Performance Units Award Agreement (Madison Gas & Electric Co)
1Termination or Amendment. The Administrator may terminate or amend the Plan or this Agreement at any time; provided, however, that except as provided in Section 8 9 in connection with a Change in Control, no such termination or amendment may have a materially adverse effect on 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, including, but not limited to, Code Section 409A. No amendment or addition to this Agreement shall be effective unless in writing.
Appears in 1 contract
Sources: Restricted Stock Award Agreement (Madison Gas & Electric Co)