Common use of Limitations on Employer’s Right to Amend Clause in Contracts

Limitations on Employer’s Right to Amend. No such amendment shall, without a Participant’s consent (except as otherwise specifically permitted under this Plan), deprive, limit, lessen or restrict any vested right or interest to which any Participant is already entitled under the Plan. Furthermore, no such amendment may decrease the Vested Balance of a Participant, nor may it eliminate or reduce an Early Retirement benefit, nor may it eliminate a Protected Benefit.

Limitations on Employer’s Right to Amend. No such amendment shall, without a Participant’s 's consent (except as otherwise specifically permitted under this Plan), deprive, limit, lessen or restrict any vested right or interest to which any Participant is already entitled under the Plan. Furthermore, no such amendment may decrease the Vested Balance of a Participant, nor may it eliminate or reduce an Early Retirement benefit, nor may it eliminate a Protected Benefit.