Common use of Amendment or Substitution of Awards Under the Plan Clause in Contracts

Amendment or Substitution of Awards Under the Plan. The terms of this Agreement may be amended from time to time by the Committee in its sole and absolute discretion in any manner that it deems appropriate including, but not limited to, acceleration of the date of lapse of restrictions on the Units; provided that, except as otherwise provided in the Plan, no such amendment shall adversely affect in a material manner any right of a Participant under an Award Certificate without his or her written consent.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Fuel Systems Solutions, Inc.), Restricted Stock Unit Agreement (Fuel Systems Solutions, Inc.), Restricted Stock Unit Agreement (Fuel Systems Solutions, Inc.)

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Amendment or Substitution of Awards Under the Plan. The terms of this Agreement may be amended from time to time by the Committee in its sole and absolute discretion in any manner that it deems appropriate including, but not limited to, acceleration of the date of lapse of restrictions on the Unitsshares of Restricted Stock; provided that, except as otherwise provided in the Plan, no such amendment shall adversely affect in a material manner any right of a Participant under an Award Certificate without his or her written consent.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Fuel Systems Solutions, Inc.), Restricted Stock Agreement (Fuel Systems Solutions, Inc.)

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Amendment or Substitution of Awards Under the Plan. The terms of this Agreement may be amended from time to time by the Committee in its sole and absolute discretion in any manner that it deems appropriate including, but not limited to, acceleration of the date of lapse of restrictions on the Units; provided that, except as otherwise provided in the Plan, no such amendment shall adversely affect in a material manner any right of a the Participant under an Award Certificate without his or her written consent.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Fuel Systems Solutions, Inc.)

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