Award Modification. MSCI reserves the right to modify or amend unilaterally the terms and conditions of your RSUs, without first asking your consent, or to waive any terms and conditions that operate in favor of MSCI. MSCI may not modify your RSUs in a manner that would materially impair your rights in your RSUs without your consent; provided, however, that MSCI may, without your consent, amend or modify your RSUs in any manner that MSCI considers necessary or advisable to comply with applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations. MSCI will notify you of any amendment of your RSUs that affects your rights. Any amendment or waiver of a provision of this Award Agreement (other than any amendment or waiver applicable to all recipients generally), which amendment or waiver operates in your favor or confers a benefit on you, must be in writing and signed by the Chief Human Resources Officer, the Chief Financial Officer or the General Counsel (or if such positions no longer exist, by the holders of equivalent positions) to be effective.
Award Modification. MSCI reserves the right to modify or amend unilaterally the terms and conditions of your RSUs, without first asking your consent, or to waive any terms and conditions that operate in favor of MSCI. These amendments may include (but are not limited to) changes that MSCI considers necessary or advisable as a result of changes in any, or the adoption of any new, Legal Requirement. MSCI may not modify your RSUs in a manner that would materially impair your rights in your RSUs without your consent; provided, however, that MSCI may, without your consent, amend or modify your RSUs in any manner that MSCI considers necessary or advisable to comply with any Legal Requirement or to ensure that your RSUs are not subject to United States federal, state or local income tax or any equivalent taxes in territories outside the United States prior to payment. MSCI will notify you of any amendment of your RSUs that affects your rights. Any amendment or waiver of a provision of this Award Agreement (other than any amendment or waiver applicable to all recipients generally), which amendment or waiver operates in your favor or confers a benefit on you, must be in writing and signed by the Chief Human Resources Officer, the Chief Administrative Officer, the Chief Financial Officer or the General Counsel (or if such positions no longer exist, by the holders of equivalent positions) to be effective.
Award Modification. Clause 15.4 modifies Clause 32 – Annual Leave of the Award by removing payment of the 17.5% annual leave loading and including it in the annualised ordinary rate of pay at Clause 12 – Rates of Pay.
Award Modification. Clause 18.2 modifies Clause 19 – Holiday Work (relating to the payment of double time and one half penalties on public holidays) of the Award. These penalties are replaced by a single loaded rate contained in 12 – Rates of pay.
Award Modification. Clauses 14.3 and 14.4 – modify Clause 27(a) – Overtime and Special Time of the Award relating to the quantum of overtime to be paid and the taking of overtime as paid time off in lieu.
Award Modification. Clause 15.3 modifies Clause 30(b) of the Award relating to the method of taking leave; and Clause 15.4 modifies Clause 30 (g) (ii)of the Award relating to the inclusion of the 17.5% annual leave loading in the rates of pay at 12 – Rates of Pay.
Award Modification. Clause 18.3 modifies Clause 34 (f) – Public Holidays and Holiday Work of the Award by allowing an employee to have the option of payment for work on a public holiday at double time and one half or to elect to take time in lieu on a time for time basis. 19 – TOOLS AND PROTECTIVE CLOTHING
Award Modification. Clause 15.7 modifies Part VI - Annual Leave Clause1 (e) of the Award by including the 17.5% annual leave loading in the hourly rate of pay.
Award Modification. This Clause modifies Clause 19a – Meals and Clause 25 – Rest Period of the Award by substituting after three and before 5 hours work with more than five hours work before being eligible for an unpaid rest break.
Award Modification. The only method by which the award may be modified is by a formal, written modification signed by the USAMRAA Grants Officer. No other communications, whether oral or in writing, are valid to change the terms and conditions of this award.
