{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "section-152", "type": "clause", "offset": [11, 23]}, {"key": "the-board", "type": "clause", "offset": [25, 34]}, {"key": "at-any-time", "type": "clause", "offset": [40, 51]}, {"key": "from-time-to-time", "type": "clause", "offset": [56, 73]}, {"key": "terminate-the-plan", "type": "definition", "offset": [113, 131]}, {"key": "approval-of-the-company", "type": "definition", "offset": [164, 187]}, {"key": "amendment-or-alteration", "type": "clause", "offset": [224, 247]}, {"key": "subject-to-the-approval", "type": "definition", "offset": [257, 280]}, {"key": "stockholder-approval", "type": "clause", "offset": [319, 339]}, {"key": "required-by", "type": "definition", "offset": [343, 354]}, {"key": "law-or-regulation", "type": "definition", "offset": [376, 393]}, {"key": "rules-of", "type": "definition", "offset": [401, 409]}, {"key": "stock-exchange", "type": "clause", "offset": [414, 428]}, {"key": "the-shares", 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Such amendment or modification may be without shareholder approval except to the extent that such approval is required by the Code, pursuant to the rules under Section 16 of the Exchange Act, by any national securities exchange or system on which the Common Stock is then listed or reported, by any regulatory body having jurisdiction with respect thereto, or under any other applicable laws, rules, or regulations. No termination, amendment, or modification of the Plan, other than pursuant to Section 14.4 herein, shall in any manner adversely affect any Grant or Award theretofore issued under the Plan, without the written consent of the Participant. The Committee may amend the terms of any Grant or Award theretofore issued under this Plan, prospectively or retrospectively, but no such amendment shall impair the rights of any Participant without the Participant\u2019s written consent except an amendment provided for or contemplated in the terms of the Grant or Award, an amendment made to cause the Plan, or Grant or Award, to qualify for the exemption provided by Rule 16b-3, or an amendment to make an adjustment under Article XII.", "size": 13, "hash": "70e95cd0f746965599ff13993c19fb1b", "id": 2}, {"snippet_links": [{"key": "amendment-or-modification", "type": "clause", "offset": [0, 25]}, {"key": "this-contract", "type": "definition", "offset": [41, 54]}, {"key": "in-writing", "type": "definition", "offset": [55, 65]}, {"key": "mutual-agreement-of-the-parties", "type": "clause", "offset": [69, 100]}, {"key": "integral-part", "type": "clause", "offset": [128, 141]}, {"key": "laws-and-regulations", "type": "clause", "offset": [189, 209]}, {"key": "by-the-parties", "type": "clause", "offset": [220, 234]}, {"key": "completion-of-performance", "type": "clause", "offset": [281, 306]}, {"key": "rights-and-obligations", "type": "clause", "offset": [316, 338]}, {"key": "validity-of-the", "type": "clause", "offset": [432, 447]}, {"key": "remaining-provisions", "type": "definition", "offset": [448, 468]}, {"key": "affected-by", "type": "definition", "offset": [481, 492]}, {"key": "provision-of", "type": "clause", "offset": [515, 527]}], "samples": [{"hash": "aJLOEDT6UWY", "uri": "/contracts/aJLOEDT6UWY#amendment-modification-and-termination", "label": "Maximum Guarantee Contract (SMSA Palestine Acquistion Corp.)", "score": 19.6461334229, "published": true}, {"hash": "hVPLQgZ4TBc", "uri": "/contracts/hVPLQgZ4TBc#amendment-modification-and-termination", "label": "Maximum Guarantee Contract (SMSA Palestine Acquistion Corp.)", "score": 16.6461334229, "published": true}], "snippet": "Amendment or modification may be made to this Contract in writing by mutual agreement of the parties, which shall constitute an integral part of this Contract. Unless otherwise provided by laws and regulations or agreed by the parties, this Contract may not be terminated prior to completion of performance of their rights and obligations hereunder. Unless otherwise provided by laws and regulations or agreed by the parties, legal validity of the remaining provisions will not be affected by the invalidity of any provision of this Contract.", "size": 7, "hash": "c58849950d6c3f47b1b89c8792cdece3", "id": 4}, {"snippet_links": [{"key": "mutual-agreement-of-the-parties", "type": "clause", "offset": [53, 84]}, {"key": "either-party-may-terminate", "type": "clause", "offset": [86, 112]}, {"key": "notice-to-the", "type": "clause", "offset": [143, 156]}, {"key": "other-party", "type": "clause", "offset": [157, 168]}, {"key": "termination-shall", "type": "clause", "offset": [174, 191]}, {"key": "effective-upon", "type": "clause", "offset": [195, 209]}, {"key": "calendar-day", "type": "definition", "offset": [223, 235]}, {"key": "in-the-event-of-termination", "type": "clause", "offset": [288, 315]}, {"key": "responsible-for", "type": "clause", "offset": [352, 367]}, {"key": "costs-incurred", "type": "clause", "offset": [372, 386]}, {"key": "closing-out", "type": "definition", "offset": [433, 444]}, {"key": "ongoing-contracts", "type": "definition", "offset": [465, 482]}], "samples": [{"hash": "idXz5vltUyK", "uri": "/contracts/idXz5vltUyK#amendment-modification-and-termination", "label": "Memorandum of Agreement", "score": 26.1965389252, "published": true}], "snippet": "This MOA may be modified or amended only by written, mutual agreement of the parties. Either party may terminate this MOA by providing written notice to the other party. The termination shall be effective upon the sixtieth calendar day following notice, unless a later date is set forth. 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(where such approval is necessary to satisfy (i) the then-applicable requirements of Rule 16b-3, (ii) any requirements under the Code relating to ISOs, or (iii) any applicable law, regulation or rule (including the applicable regulations and rules of the SEC and any national securities exchange)), would:\n(a) except as is provided in Section 4.2, increase the maximum number of Shares which may be sold or awarded under the Plan;\n(b) except as is provided in Section 4.2, decrease the minimum Option Price or G\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 requirements of Sections 6.3 and 7.2, respectively;\n(c) change the class of persons eligible to receive Awards under the Plan;\n(d) extend the duration of the Plan or the period during which Options or SARs may be exercised under Section 6.4 or 7.6, as applicable; or\n(e) otherwise require shareholder approval to comply with any applicable law, regulation or rule (including the applicable regulations and rules of the SEC and 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In addition, (A) no such amendment, alteration, suspension or termination of the Plan or any Award theretofore granted, including any Award Agreement, shall be made which would materially impair the previously accrued rights of a Participant under any outstanding Award without the written consent of such Participant, provided, however, that the Board may amend or alter the Plan and the Committee may amend or alter any Award, including any Agreement, either retroactively or prospectively, without the consent of the applicable Participant, (x) so as to preserve or come within any exemptions from liability under Section 16(b) of the Exchange Act, pursuant to the rules and releases promulgated by the SEC (including Rule 16b-3), or (y) if the Board or the Committee determines in its discretion that such amendment or alteration either (I) is required or advisable for the Company, the Plan or the Award to satisfy, comply with or meet the requirements of any law, regulation, rule or accounting standard or (II) is not reasonably likely to significantly diminish the benefits provided under such Award, or that such diminishment has been or will be adequately compensated, and (B) except as is provided in Section 4.2, but notwithstanding any other provisions of the Plan, neither the Board nor the Committee may take any action: (1) to amend the terms of an outstanding Option or SAR to reduce the Option Price or G\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 thereof, cancel an Option or SAR and replace it with a new Option or SAR with a lower Option Price or G\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, or that has an economic effect that is the same as any such reduction or cancellation; or (2) to cancel an outstanding Option or SAR having an Option Price or G\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 above the then-current Fair Market Value of the Shares in exchange for the grant of another type of Award, without, in each such case, first obtaining approval of the shareholders of the Company of such action.", "size": 7, "hash": "c8e60e7500af5406acbc418814f8eeec", "id": 5}, {"snippet_links": [{"key": "no-term", "type": "clause", "offset": [0, 7]}, {"key": "provision-of", "type": "clause", "offset": [11, 23]}, {"key": "written-instrument", "type": "clause", "offset": [107, 125]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [127, 156]}, {"key": "right-to", "type": "definition", "offset": [183, 191]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [223, 247]}, {"key": "in-order-to-ensure", "type": "clause", "offset": [295, 313]}, {"key": "the-plan", "type": "clause", "offset": [335, 343]}, {"key": "compliance-with-the-provisions-of-code-section-409a", "type": "clause", "offset": [356, 407]}, {"key": "the-value", "type": "clause", "offset": [472, 481]}, {"key": "benefits-provided", "type": "definition", "offset": [489, 506]}, {"key": "to-the-employee", "type": "clause", "offset": [507, 522]}], "samples": [{"hash": "lFJz67MmMpX", "uri": "/contracts/lFJz67MmMpX#amendment-modification-and-termination", "label": "Employment Retention Agreement (Lesco Inc/Oh)", "score": 19.0, "published": true}, {"hash": "i2wlXOX4MOA", "uri": "/contracts/i2wlXOX4MOA#amendment-modification-and-termination", "label": "Employment Retention Agreement (Lesco Inc/Oh)", "score": 19.0, "published": true}, {"hash": "4THPBxMxszz", "uri": "/contracts/4THPBxMxszz#amendment-modification-and-termination", "label": "Employment Retention Agreement (Lesco Inc/Oh)", "score": 19.0, "published": true}], "snippet": "No term or provision of this Agreement may be changed, waived, amended, modified, or terminated, except by written instrument. Notwithstanding the foregoing, the Company reserves the right to unilaterally amend, modify, or terminate this Agreement in any manner that the Company deems advisable in order to ensure this Agreement\u2019s and the Plan\u2019s continued compliance with the provisions of Code Section 409A; provided, however, that no such action shall materially reduce the value of the benefits provided to the Employee hereunder.", "size": 5, "hash": "9dca88d41953e8a5c4d214b3272b45ae", "id": 7}, {"snippet_links": [{"key": "the-committee", "type": "clause", "offset": [0, 13]}, {"key": "sole-discretion", "type": "definition", "offset": [22, 37]}, {"key": "without-notice", "type": "clause", "offset": [39, 53]}, {"key": "at-any-time", "type": "clause", "offset": [55, 66]}, {"key": "from-time-to-time", "type": "clause", "offset": [71, 88]}, {"key": "in-writing", "type": "definition", "offset": [94, 104]}, {"key": "provisions-of-the-plan", "type": "clause", "offset": [161, 183]}, {"key": "consent-of", "type": "clause", "offset": [323, 333]}, {"key": "a-participant", "type": "clause", "offset": [334, 347]}, {"key": "in-the-case", "type": "clause", "offset": [375, 386]}, {"key": "death-of-the-participant", "type": "clause", "offset": [394, 418]}, {"key": "right-of", "type": "clause", "offset": [432, 440]}, {"key": "payment-or-distribution", "type": "definition", "offset": [508, 531]}], "samples": [{"hash": "iF922a49bWn", "uri": "/contracts/iF922a49bWn#amendment-modification-and-termination", "label": "Management Incentive Plan (Apac Customer Service Inc)", "score": 19.0, "published": true}, {"hash": "e0tfJl4sKkE", "uri": "/contracts/e0tfJl4sKkE#amendment-modification-and-termination", "label": "Management Incentive Plan (Apac Customer Service Inc)", "score": 19.0, "published": true}, {"hash": "4D21TA1JJOJ", "uri": "/contracts/4D21TA1JJOJ#amendment-modification-and-termination", "label": "Management Incentive Plan (Apac Customer Service Inc)", "score": 19.0, "published": true}], "snippet": "The Committee, in its sole discretion, without notice, at any time and from time to time, may in writing modify or amend, in whole or in part, any or all of the provisions of the Plan, or suspend or terminate it entirely; 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provided, however, that no amendment that requires stockholder approval in order for the Plan to continue to comply with the New York Stock Exchange listing standards or any rule promulgated by the United States Securities and Exchange Commission or any securities exchange on which the securities of the Company are listed shall be effective unless such amendment shall be approved by the requisite vote of stockholders of the Company entitled to vote thereon within the time period required under such applicable listing standard or rule.", "size": 4, "hash": "a28b2d5d060790ccbe66e86ab90e4a55", "id": 9}], "next_curs": "Cm8SaWoVc35sYXdpbnNpZGVyY29udHJhY3RzcksLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ii9hbWVuZG1lbnQtbW9kaWZpY2F0aW9uLWFuZC10ZXJtaW5hdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["amendment-modification-and-termination", "Amendment, Modification, and Termination"], ["miscellaneous", "Miscellaneous"], ["definitions", "Definitions"], ["general-provisions", "General Provisions"], ["additional-provisions", "Additional Provisions"]], "title": "Amendment, Modification and Termination", "size": 207, "children": [["amendment-modification-and-termination", "Amendment, Modification, and Termination"], ["awards-previously-granted", "Awards Previously Granted"], ["adjustment-of-awards-upon-the-occurrence-of-certain-unusual-or-nonrecurring-events", "Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events"], ["certain-changes-to-plan", "Certain Changes to Plan"], ["actions-in-the-event-of-unfavorable-financial-accounting-consequences", "Actions In the Event of Unfavorable Financial Accounting Consequences"]], "id": "amendment-modification-and-termination", "related": [["term-modification-and-termination-of-agreement", "TERM, MODIFICATION AND TERMINATION OF AGREEMENT", "TERM, MODIFICATION AND TERMINATION OF AGREEMENT"], ["modification-amendment-and-termination", "Modification, Amendment and Termination", "Modification, Amendment and Termination"], ["modification-and-termination", "Modification and Termination", "Modification and Termination"], ["duration-modification-and-termination", "DURATION, MODIFICATION AND TERMINATION", "DURATION, MODIFICATION AND TERMINATION"], ["amendment-and-termination-waiver", "Amendment and Termination; Waiver", "Amendment and Termination; Waiver"]], "related_snippets": [], "updated": "2026-03-29T04:25:46+00:00", "also_ask": ["What negotiation leverage can be gained by controlling amendment procedures?", "Which drafting elements are essential to prevent unilateral modifications?", "What are the most common pitfalls that render amendment clauses unenforceable?", "How do amendment and termination standards differ across key jurisdictions?", "What evidentiary requirements do courts impose to uphold or invalidate amendments?"], "drafting_tip": "Specify procedures for amendments and termination to ensure clarity; require written consent from all parties to prevent unilateral changes; define effective dates to avoid disputes over timing.", "explanation": "The \"Amendment, Modification, and Termination\" clause defines the procedures and requirements for changing or ending the agreement. It typically specifies that any alterations to the contract must be made in writing and agreed upon by all parties, and may outline the process for providing notice or obtaining consent. This clause ensures that all parties are aware of and agree to any changes, thereby preventing misunderstandings and disputes over unauthorized modifications or premature termination."}, "json": true, "cursor": ""}}