Modification of Section 3 Sample Clauses

Modification of Section 3. 1. Section 3.1 of the Share Exchange Agreement shall be amended by adding a new paragraph (h) after Section 3.1(g) as follows:
Sample 1
AutoNDA by SimpleDocs
Modification of Section 3. The date, February 6, 2006 in Section 3 of Addendum # 5 (as amended from December 31, 2005 by Amendment # 6) shall be amended to March 6, 2006.
Sample 1
Modification of Section 3. 9. The first sentence of Section 3.9(a) of the Credit Agreement is hereby amended by inserting the phrase “or if any Bank does not approve an amendment proposed in accordance with Section 3.4(b) of this Agreement” after the phrase “or if any Bank is a Defaulting Bank.”
Sample 1
Modification of Section 3. .1. Section 3.1 of the Credit Agreement is hereby amended by adding the phrase "commencing March 31, 1997" immediately after the word "year" appearing in the second line thereof.
Sample 1
Modification of Section 3. Section 3 of the Agreement is hereby modified to provide, in its entirety, as follows:
Sample 1
Modification of Section 3. 1. Prior to December 31, 2011 the Board of Directors shall retain the services of an independent compensation benefits consulting firm (“Consulting Firm”), acceptable to the Board of Directors to develop and recommend to Company a compensation plan for Executive as part of a plan for all executives of the Company (“Plan”). The Plan shall be take into consideration compensation provided to executives in similar positions at similar companies within one year of the Plan date and shall contain compensation recommendations for Executive comparable to such plans. The Plan shall be completed no later than January 31, 2012 and shall be provided to the Executive and Board of Directors in writing by the Consulting Firm. At Executive’s option, Company and Executive shall amend this Agreement to incorporate the compensation, terms and conditions of the Plan, provided the terms and conditions of the Plan shall be modified, if necessary, to comply with any and all State or Federal laws and regulations. In the event the majority of independent members of the Board of Directors determine the Plan or any provisions suggested to incorporate the Plan into this Agreement to be unacceptable, said members of the Board of Directors and the Executive shall attempt to negotiate a mutually acceptable resolution that, if reached, shall be incorporated into Section 3.1 of this Agreement. In the event such parties are not able to reach a negotiated resolution within thirty (30) days of the commencement of the negotiations, or such longer period as the parties may agree in writing, the Executive may opt to continue with this Agreement without any modifications of any nature or terminate this Agreement and, if the Agreement is terminated, the Executive, in addition to any other rights he may have under this Agreement, shall be entitled to the same severance pay and other benefits of Section 4.4 (a) provided, in this instance only, the cash payment due under Section 4.4 (a) shall be $200,000 and all other provisions of Section 4.4 (a) shall remain unchanged.
Sample 1
Modification of Section 3. 10. Section 2.3 of the Original Loan Agreement is modified as of, from and after the First Amendment Effective Date to read as follows: "Section 3.10
Sample 1
AutoNDA by SimpleDocs

Related to Modification of Section 3

  • Amendment of Section 4 4. Pursuant to Section 9.2 of the Indenture, Section 4.4(b) of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Amendment of Section 3 Section 3 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: Term. Unless otherwise terminated in accordance with Sections 8, 9, 10 or 11, the Employment Term shall be for a term ending April 30, 2015. This Agreement shall be automatically renewed for successive additional Employment Terms of one (1) year each unless notice of termination is given in writing by either party to the other party at least thirty (30) days prior to the expiration of the initial Employment Term or any renewal Employment Term.

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows:

  • Amendment of Section 7 2.10(f). Clause (iii) of Section 7.2.10(f) of the Credit Agreement is hereby amended and restated in its entirety to the following:

  • Amendment of Section 8 15(b). Section 8.15(b) of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 9.2. Section 9.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Amendment of Section 9 10. In respect of the 2018 Notes only, the provisions of Section 9.10 of the Indenture are amended by deleting the text of such Section in its entirety and inserting in lieu thereof the phrase “[intentionally omitted]”. Such provisions shall be deemed not to have been deleted in respect of the 2021 Notes.

  • Amendment of Section 5 1. Section 5.1. of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment of Section 2 7. Section 2.7(a) of the Credit Agreement is hereby amended to read as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.