Amendment to Paragraph 3 Sample Clauses

Amendment to Paragraph 3. 2. Paragraph 3.2 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
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Amendment to Paragraph 3. Paragraph 3 of the Agreement is hereby deleted in its entirety and replaced and superseded by the following:
Amendment to Paragraph 3. Paragraph 3 of the Conversion Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Paragraph 3. Paragraph 3 of the Stock Exchange Agreement is hereby amended to read in its entirety as follows: "At Closing, Matrix will cancel all non-qualified stock options (covering 9,000 Matrix shares) that it has granted and that remain outstanding as of the date hereof, and AvTel will issue to the beneficiaries thereof, 22, 338 AvTel non-qualified stock options, after giving effect to the Merger and Reverse Stock Split, having the exercise period and exercise price set forth in Exhibit B hereto."
Amendment to Paragraph 3. 1. Paragraph 3.1 of the Prior Agreement is hereby deleted in its entirety (including subparagraphs 3.1.1 and 3.1.2) and the following paragraphs are substituted therefor:
Amendment to Paragraph 3. 1(e). Paragraphs 3.1(e)(2) through 3.1(e)(4) of the Agreement are hereby amended and restated to read in their entirety as follows:
Amendment to Paragraph 3. Paragraph 3 of the Employment Agreement shall be amended to read as follows, effective as of the date first written above:
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Amendment to Paragraph 3. Paragraph 3 of the Agreement is amended to provide in full as follows: "The term of employment of Executive under the Agreement shall commence as of the date hereof and unless sooner terminated pursuant to Paragraph 6, shall continue in full force and effect until March 4, 2002 (such period referred to as the "Contract Period"). Such Contract Period shall be extended for additional one-year terms unless either Executive or Company shall have given notice to the contrary at least two months before each termination date."
Amendment to Paragraph 3. 1. The first sentence of Paragraph 3.1 of the Purchase Agreement shall be deleted in its entirety, and the following shall be inserted in place thereof: "The Buyer will have the option (the "Option"), exercisable on October 1, 1997, 1998 and 1999 (each of those being an "Option Date"), to purchase from Hudsxx (xx, as provided in Paragraph 3.5, to purchase from the Company) Class B Units ("Option Units") which will increase the total outstanding Class B Units to up to 49% of the Class A Units and Class B Units (together, the "Units") of the Company which are outstanding on the Option Date on which the Option is exercised (each Option Date on which the Option is exercised being an "Exercise Date")."
Amendment to Paragraph 3. 3 (a). Clauses (y) and (z) of the first sentence of Paragraph 3.3 (a) of the Purchase Agreement shall be deleted in their entirety, and the following shall be inserted in place thereof:
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