Future Increase or Decrease Clause Samples
The "Future Increase or Decrease" clause allows for adjustments to certain terms or amounts specified in an agreement based on future events or conditions. Typically, this clause applies to elements such as pricing, quantities, or service levels, and may be triggered by factors like changes in market rates, regulatory requirements, or project scope. Its core practical function is to provide flexibility and adaptability within the contract, ensuring that both parties can respond to unforeseen changes without needing to renegotiate the entire agreement.
Future Increase or Decrease. Subject to paragraph 4(e) of this resolution, the number of shares of said series may at any time or from time to time be increased or decreased by the Board of Directors notwithstanding that shares of such series may be outstanding at such time of increase or decrease.