Common use of Amendment of Restricted Stock Award Clause in Contracts

Amendment of Restricted Stock Award. The Award may be amended by the Board or the Committee at any time (i) if the Board or the Committee determines, in its reasonable discretion, that amendment is necessary or advisable in the light of any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Award; provided that, such amendment shall not materially and adversely affect the rights of the Participant hereunder; or (ii) other than in the circumstances described in clause (i), with the consent of the Participant.

Amendment of Restricted Stock Award. The Award or the terms of this Agreement may be amended by the Board or the Committee at any time (ia) if the Board or the Committee determines, in its reasonable discretion, that amendment is necessary or advisable in the light of any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Grant Date of Grant and by its terms applies to the Award; provided that, such amendment shall not materially and adversely affect the rights of the Participant hereunder; or (iib) other than in the circumstances described in clause (ia), with the consent of the Participant.