TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IX), this paragraph shall become null and void effective immediately upon said Change of Control.
TERMINATION OR MODIFICATION OF AGREEMENT. The City may terminate or modify this Agreement, or those transferred or assigned rights and obligations, as the case may be, after a finding or determination of noncompliance by the City Council or, where no appeal is taken, after the expiration of the appeal periods described in Section 7.3. There shall be no modifications of this Agreement unless the City Council acts pursuant to Government Code Sections 65867.5 and 65868, irrespective of whether an appeal is taken as provided in Section 7.3.
TERMINATION OR MODIFICATION OF AGREEMENT. This Agreement may be terminated by mutual agreement of the parties at any time. The Institution or Facility or SFA may terminate this Agreement for cause or convenience upon thirty (30) days’ written notice. This Agreement may be modified upon thirty (30) days’ written notice in order to comply with any new legislation, regulations and policies governing the CACFP.
TERMINATION OR MODIFICATION OF AGREEMENT. This Agreement may be terminated by mutual agreement of the parties at any time. The Facility or Sponsoring Organization may terminate this Agreement for cause or convenience upon thirty (30) days’ written notice. The Facility shall notify the Sponsoring Organization when ownership changes or the Facility ceases operation. This Agreement may be modified upon thirty (30) days’ written notice in order to comply with any new legislation, regulations and policies governing the CACFP.
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS; TAX CONSEQUENCES The Bank is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue into effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Plan, then the Bank reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control, this paragraph shall become null and void effective immediately upon said Change of Control. Notwithstanding anything herein to the contrary, the Executive may, in the Executive's discretion, waive any or all benefits hereunder to the extent that the amount of such benefit would be or cause an excess parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended.
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS Notwithstanding anything herein above to the contrary, the Bank is entering into this Executive Plan upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Executive Plan, then the Bank reserves the right to terminate or modify this Executive Plan accordingly. Furthermore, the Board has the right to terminate or modify future accruals if so determined within the Board's business judgment whether or not this Executive Plan has a detrimental effect on the Bank. Upon any said modification or termination of the Executive Plan, any benefits accrued to the Executive's liability retirement account on the date of said modification or termination shall be paid to the Executive in a lump sum, subject to the provisions below. Upon a Change of Control (Section IX), this paragraph shall become null and void effective immediately upon said Change of Control. Notwithstanding the foregoing, no amendment shall be made to this Executive Plan that would violate, or cause the agreement to violate, Section 409A. Further notwithstanding the foregoing, the agreement may not be terminated unless all of the requirements of Section 409A regarding plan terminations are satisfied. Accordingly, unless Section 409A permits otherwise, this agreement may be terminated only if (a) all arrangements sponsored by the Bank and any affiliated entity (within the meaning of Section 414(b) and 414(c)) that are required to be aggregated with this agreement under Section 409A are terminated; (b) no payments other than payments that would be payable under the terms of the Executive Plan or an aggregated plan if the termination had not occurred are made within 12 months of the termination of the arrangements; (c) all payments are made within 24 months of the termination of the Executive Plan and related arrangements; and (d) the Bank does not adopt a new arrangement that would be required to be aggregated with this Executive Plan under Section 409A if the Executive participated in both arrangements, within three years of the termination of the agreement.
TERMINATION OR MODIFICATION OF AGREEMENT. BY REASON OF CHANGES IN THE LAW, RULES OR REGULATIONS The Institution is entering into this Agreement upon the assumption that certain existing tax laws, rules and regulations will continue in effect in their current form. If any said assumptions should change and said change has a detrimental effect on this Director Plan, then the Institution reserves the right to terminate or modify this Agreement accordingly. Upon a Change of Control (Paragraph IX), this paragraph shall become null and void effective immediately upon said Change of Control.
TERMINATION OR MODIFICATION OF AGREEMENT. 30.01 This agreement shall be in effect from May 1, 2005 through to and including April 30, 2008.
TERMINATION OR MODIFICATION OF AGREEMENT. This agreement may not be modified on and after the consummation of the transactions contemplated under the Merger Agreement without your written consent.
TERMINATION OR MODIFICATION OF AGREEMENT. 30.01 This agreement shall be in effect from May 14, 2014 through to and including April 30, 2017.
