No Plan Amendment Sample Clauses

No Plan Amendment. Except as expressly provided for herein, nothing in this Agreement shall be construed or deemed to constitute an amendment to any Contributed Plan, and nothing in this Agreement shall limit, in any way, the right and authority of OpCo to amend each of the Contributed Plans, in whole or in part, from time to time.
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No Plan Amendment. Nothing in this Section 6.07 shall be construed as an amendment to any employee benefit plan for any purpose.
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No Plan Amendment. Nothing contained herein shall be construed as requiring, and the Company and its Subsidiaries shall take no action that would have the effect of requiring, Parent, the Company, its Subsidiaries or the Surviving Corporation to continue any specific Company Employee Plan. The provisions of this Section 4.7 are for the sole benefit of Parent and the Company and nothing in this Section 4.7, expressed or implied, is intended or shall be construed to constitute an amendment of any Company Employee Plan or any plan maintained by Parent or the Surviving Corporation (or an undertaking to amend any such plan) or other compensation and benefits plan maintained for or provided to Employees, including Key Employees, prior to, on or following the Closing Date.
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No Plan Amendment. Notwithstanding anything to the contrary but without derogating Purchaser’s obligations as set forth in Section 12.02, nothing contained herein, whether express or implied, shall be treated as an amendment or other modification of, or shall be deemed to amend, any Employee Benefit Plan of any of the parties or their respective affiliates. Moreover, nothing contained in the Agreement shall require Purchaser to maintain any specific Employee Benefit Plan or other compensation or employee benefit plan, program, policy or practice following the Closing. Nothing in Section 12.01, Section 12.02 or Section 12.03, express or implied, is intended to confer upon any current or former Employee or other service provider with respect to any Hotel, or upon any representative of such person, any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. Nothing contained in the Agreement shall restrict the ability of Purchaser or its Affiliates to terminate the employment of any Employee for any reason at any time after the effective date of his or her employment with Purchaser or its Affiliates, if applicable. If (i) a party other than the parties hereto makes a claim or takes other action to enforce any provision in this Agreement as an amendment to any Employee Benefit Plan, and (ii) such provision is deemed to be an amendment to such Employee Benefit Plan even though not explicitly designated as such in this Agreement, then, solely with respect to the Employee Benefit Plan at issue, such provision shall lapse retroactively and shall have no amendatory effect with respect thereto.
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Related to No Plan Amendment

  • Plan Amendments The Company shall adopt such amendments to its employee benefit plans, if any, as are necessary to effectuate the provisions of this Agreement.

  • IRS Plan Approval Articles I through VIII of the agreement used to establish this ▇▇▇▇ ▇▇▇ have been approved by the IRS. The IRS approval is a determination only as to form. It is not an endorsement of the plan in operation or of the investments offered.

  • Plan The Award and all rights of the Participant under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof.

  • Section 409A Amendment The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

  • Withdrawal of Consent The Participant understands that the Participant is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke the Participant’s consent, the Participant’s employment status or service and career with the Employer will not be adversely affected; the only consequence of the Participant’s refusing or withdrawing the Participant’s consent is that the Company would not be able to grant RSUs or other equity awards to the Participant or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing the Participant’s consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent, the Participant understands that the Participant may contact the Participant’s local human resources representative.