Common use of Right to Change Plans Clause in Contracts

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. 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.