Common use of Future Equity Incentive Plans Clause in Contracts

Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain PubCo from adopting, modifying or terminating equity incentive plans for the benefit of employees, directors or other business associates of PubCo, the Company or any of their respective Affiliates. In the event that any such plan is adopted, modified or terminated by PubCo, PubCo and the Company and their Affiliates shall be entitled to administer such plans in a manner consistent with the provisions of this Section 3.06, and PubCo and the Company may make any amendments that are necessary or advisable to this Section 3.06 to accommodate such administration, without the requirement of any further consent or acknowledgement of any other Member.

Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain PubCo from adopting, modifying or terminating equity incentive plans for the benefit of employees, directors or other business associates of PubCo, the Company or any of their respective Affiliates. In the event that any such plan is adopted, modified or terminated by PubCo, PubCo and the Company and their Affiliates shall be entitled to administer such plans in a manner consistent with the provisions of this Section 3.063.08, and PubCo and the Company may make any amendments that are necessary or advisable to this Section 3.06 3.08 to accommodate such administration, without the requirement of any further consent or acknowledgement of any other Member.