Right to Amend or Terminate Plan. The Employer expressly reserves the right to terminate the Plan at any time that the Board of Trustees of the Employer shall determine that for financial or other reasons it is necessary and desirable to do so, or to amend the Plan at any time and in any manner.
Right to Amend or Terminate Plan. (a) Corporation reserves the right to amend the Plan in any manner, and Corporation reserves the right to terminate the Plan at any time in whole or part. Amendment or termination of the Plan shall be accomplished by resolution of Corporation's Board of Directors.
Right to Amend or Terminate Plan. The Company reserves the right to amend, in whole or in part, any or all of the provisions of this Plan by action of the Plan Administrator at any time prior to either Retention Date for any reason, provided that in no event shall any amendment adversely impact a Participant’s rights hereunder without the express written consent of such affected Participant. Notwithstanding anything herein to the contrary, this Plan shall be effective as of the date it is approved by the Board and shall terminate upon the payment of all amounts payable hereunder.
Right to Amend or Terminate Plan. The Governing Body reserves the right at any time to amend or terminate the Plan, in whole or in part, and for any reason and without the consent of any Participating Company, Participant or Beneficiary. Each Participating Company by its participation in the Plan shall be deemed to have delegated this authority to the Governing Body. The Administrative Committee may adopt any ministerial and nonsubstantive amendment which may be necessary or appropriate to facilitate the administration, management and interpretation of the Plan, provided the amendment does not materially affect the currently estimated cost to the Participating Companies of maintaining the Plan. Each Participating Company by its participation in the Plan shall be deemed to have delegated this authority to the Administrative Committee. In no event shall an amendment or termination modify, reduce or otherwise affect the Participating Company's obligations under the Plan, as such obligations are defined under the provisions of the Plan existing immediately before such amendment or termination.
Right to Amend or Terminate Plan. The Committee reserves the right at any time to amend or terminate the Plan, in whole or in part, for any reason and without the consent of any Participating Company, Participant or Beneficiary. Each Participating Company by its participation in the Plan shall be deemed to have delegated this authority to the Committee. Notwithstanding the foregoing, any amendment which must be approved by the stockholders of the Company in order to comply with applicable law or the rules of the exchange on which shares of Common Stock are traded shall not be effective unless and until such approval has been obtained. Presentation of the Plan or any amendment thereof for stockholder approval shall not be construed to limit the Company’s authority to offer similar or dissimilar benefits under other plans or otherwise with or without stockholder approval. Without limiting the generality of the foregoing, the Committee may amend the Plan to eliminate provisions that are no longer necessary as a result in changes in tax or securities laws or regulations, or in the interpretation thereof.
Right to Amend or Terminate Plan. Amendment or Termination of Plan - So long as the Collective Labour Agreement shall remain in effect, the Plan shall not be amended, modified, discontinued or terminated except as to such extent as may be proper or permissible under such Collective Labour Agreement. Upon the termination of the Collective Labour Agreement, the Company shall have the right to continue the Plan in effect and to amend, modify, discontinue or terminate the Plan, except as may be otherwise provided by any subsequent agreement between the Company and the Bargaining Unit. Commonly Asked Questions
