Common use of Plan Amendment Clause in Contracts

Plan Amendment. The RSRs (and related Dividend Equivalents) subject to the award are governed by, and the Grantee’s rights are subject to, all of the terms and conditions of the Plan and any other rules adopted by the Committee, as the foregoing may be amended from time to time. The Grantee shall have no rights with respect to any amendment of this Agreement or the Plan unless such amendment is in writing and signed by a duly authorized officer of the Company. In the event of a conflict between the provisions of the Grant Letter and/or the Stock Plan System and the provisions of this Agreement and/or the Plan, the provisions of this Agreement and/or the Plan, as applicable, shall control.

Appears in 8 contracts

Samples: 2024 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/), 2019 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/), 2022 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/)

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Plan Amendment. The RSRs RPSRs (and related Dividend Equivalents) subject to the award are governed by, and the Grantee’s rights are subject to, all of the terms and conditions of the Plan and any other rules adopted by the Committee, as the foregoing may be amended from time to time. The Grantee shall have no rights with respect to any amendment of this Agreement or the Plan unless such amendment is in writing and signed by a duly authorized officer of the Company. In the event of a conflict between the provisions of the Grant Letter and/or the Stock Plan System and the provisions of this Agreement and/or the Plan, the provisions of this Agreement and/or the Plan, as applicable, shall control.

Appears in 6 contracts

Samples: Restricted Performance Stock Rights Grant Agreement (Northrop Grumman Corp /De/), Restricted Performance Stock Rights Grant Agreement (Northrop Grumman Corp /De/), Restricted Performance Stock Rights Grant Agreement (Northrop Grumman Corp /De/)

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Plan Amendment. The RSRs (and related Dividend Equivalents) subject to the award are governed by, and the Grantee’s rights are subject to, all of the terms and conditions of the Plan and any other rules adopted by the Committee, as the foregoing may be amended from time to time. The Grantee shall have no rights with respect to any amendment of this Agreement or the Plan unless such 4 amendment is in writing and signed by a duly authorized officer of the Company. In the event of a conflict between the provisions of the Grant Letter and/or the Stock Plan System and the provisions of this Agreement and/or the Plan, the provisions of this Agreement and/or the Plan, as applicable, shall control.

Appears in 1 contract

Samples: 2023 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/)

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