Common use of Amendment, Modification, Suspension, and Termination Clause in Contracts

Amendment, Modification, Suspension, and Termination. Subject to Section 15.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.

Appears in 2 contracts

Samples: Quanex Corp, Quanex Corp

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Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee Board may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and and/or any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders shareholders and except as provided in Section 4.5, the Committee Board shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder shareholder approval if stockholder shareholder approval is required by applicable law or stock exchange rules.

Appears in 2 contracts

Samples: Weatherford International LTD, Weatherford International LTD

Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.

Appears in 1 contract

Samples: Grant Prideco Inc

Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee Board may, at any time and from time to time, alter, amend, restate, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders shareholders and except as provided in Section 4.54.7, the Committee Board shall not directly or indirectly lower the Option Price of a previously granted Option, and Option or the xxxxx xxxxx of a previously granted SAR; no amendment or modification of the Plan shall be made without stockholder shareholder approval if stockholder shareholder approval is required by applicable law or stock exchange rules.

Appears in 1 contract

Samples: Energy Hunter Resources, Inc.

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Amendment, Modification, Suspension, and Termination. Subject to Section 15.2, 12.2 the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.

Appears in 1 contract

Samples: Award Agreement (Stewart Information Services Corp)

Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee Board may, at any time and from time to time, alter, amend, restate, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders shareholders and except as provided in Section 4.5, the Committee Board shall not directly or indirectly lower the Option Price of a previously granted Option, and Option or the xxxxx xxxxx of a previously granted SAR; no amendment or modification of the Plan shall be made without stockholder shareholder approval if stockholder shareholder approval is required by applicable law or stock exchange rules.

Appears in 1 contract

Samples: Weatherford International LTD

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