Limitations Applicable under the CPP Rules Clause Samples

Limitations Applicable under the CPP Rules. Despite any contrary provisions within this Agreement, the Corporation Board shall unilaterally and without the Executive’s consent modify any of the provisions of this Agreement and the agreement or agreements memorializing restricted stock grants under section 2.1 if in the Corporation Board’s sole judgment the modification is necessary to comply with the CPP Rules. The Corporation Board’s power to modify this Agreement and the restricted stock agreements shall be effective throughout the Treasury Holding Period. The Corporation Board’s action modifying any of the provisions of this Agreement or the restricted stock agreements may but need not be in the form of a written amendment or supplement or in the form of a duly adopted resolution. The Corporation Board’s power under this section 5.10 to modify the provisions of this Agreement and the restricted stock agreements shall expire upon the expiration of the Treasury Holding Period.