Common use of Administration and Amendment Clause in Contracts

Administration and Amendment. 13.1 The Directors shall administer the Award. 13.2 The Directors may amend the Agreement and the Conditions from time to time provided that: 13.2.1 The Directors may not amend the Agreement and/or the Conditions if the amendment applies to Awards granted before the amendment was made and materially adversely affects the interests of Award Holders except that an Award Holder whose Awards would be adversely affected may consent to the application of the amendment to those Awards. 13.2.2 The Directors may not make any amendment to the advantage of Award Holders without the prior approval of the Company in general meeting (except for minor amendments to benefit the administration of the Award, to take account of a change in legislation, or to obtain or maintain favourable tax, exchange control or regulatory treatment for Award Holders or for a Group Company). 13.3 Any decision under this Agreement and whether to consider making such a decision, shall be entirely at the sole discretion of the Directors.