Right to Change Plans Clause Samples
The "Right to Change Plans" clause grants one party, typically the service provider or employer, the authority to modify, amend, or discontinue certain plans, such as benefit programs or service offerings, at their discretion. In practice, this means that the terms, coverage, or availability of these plans can be altered without prior consent from participants, though notice may be required. This clause serves to provide flexibility for the plan administrator to adapt to changing circumstances, regulatory requirements, or business needs, thereby protecting them from being locked into outdated or unsustainable commitments.
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Right to Change Plans. The Company shall not be obligated by reason of this Section 3 to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are similarly applicable to executive employees generally.
Right to Change Plans. Nothing in this letter will be construed to limit, condition or otherwise encumber the Company's right to amend, discontinue, substitute or maintain any employee benefits plan, program or perquisite.
Right to Change Plans. By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the Executive’s peer executives.
Right to Change Plans. Nothing in this Agreement shall be construed to limit, condition or otherwise encumber the rights of the Company to amend, discontinue, substitute or maintain any benefit plan, program or perquisite, and no such amendment, discontinuance, substitution or maintenance or failure to maintain any benefit plan, program or perquisite shall be construed as a breach of this Agreement.
Right to Change Plans. Nothing herein shall obligate CarMax to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy program, or guideline so long as such changes are similarly applicable to the Peer Associates.
Right to Change Plans. Nothing contained in the Agreement shall obligate the Company to institute, maintain or refrain from changing, amending or discontinuing any bonus, incentive, or benefit plan or perquisite, so long as such changes are similarly applicable to senior executives generally; provided, however, no such change, amendment or discontinuance shall adversely affect any vested right of the Executive thereunder.
Right to Change Plans. CECO shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, program, or perquisite, so long as such changes are equally applicable to all executive employees of CECO.
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.
Right to Change Plans. Subject to Section 7(e), nothing in this Agreement shall be construed to limit, condition or otherwise encumber the rights of the Company to amend, discontinue, substitute or maintain any benefit plan, program or perquisite.
Right to Change Plans. Executive 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 executives of FECI.