Common use of Right to Change Plans Clause in Contracts

Right to Change Plans. Employer shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite referred to in Section 2(b), so long as such changes are similarly applicable to other peer executives of Employer.

Appears in 2 contracts

Samples: Employment Agreement (Florida East Coast Industries, Inc.), Employment Agreement (Florida East Coast Industries, Inc.)

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Right to Change Plans. Employer shall not be obligated to institute, maintain, maintain or refrain from changing, amending, amending or discontinuing any benefit plan, program, or perquisite referred to in Section 2(bSections 2(b)(viii), 2(b)(ix) and 2(b)(xiii), so long as such changes are similarly applicable to other peer executives of Employer.

Appears in 1 contract

Samples: Agreement (Florida East Coast Industries Inc)

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Right to Change Plans. The Employer shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite referred to in Section 2(b), so long as such changes are similarly applicable to other peer executives of Employerperquisite.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aquapenn Spring Water Company Inc)

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