Common use of Plan Amendment and Termination Clause in Contracts

Plan Amendment and Termination. The Plan Administrator may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any time in its discretion; provided, that the Participant’s consent to such action shall be required if the action, taking into account any related action, would materially and adversely affect the Participant’s rights under the terms of this Award Agreement.

Appears in 2 contracts

Sources: Class M Award Agreement (BCAC Holdings, Inc.), Class M Award Agreement (BCAC Holdings, Inc.)