Amendment to ChatChing Inc. Employee/Consultant Benefit Plan (December 15, 2011)
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Summary
This amendment to the ChatChing Inc. Employee/Consultant Benefit Plan allows the Board of Directors to modify or amend the plan at any time, as long as changes do not negatively impact the current interests or expectations of existing consultants or participants. Amendments must be made in writing, and reasonable notice must be given to qualified consultants. No changes can be applied retroactively unless needed to clarify ambiguous terms, and even then, only if they do not harm existing participants. This limitation on amendments cannot itself be changed by future amendments.
EX-4.3 2 chatching_ex43.htm FORM OF FURTHER AMENDMENT TO EMPLOYEE/CONSULTANT BENEFIT PLAN chatching_ex43.htm
EXHIBIT 4.3
ChatChing Inc.
Employee/Consultant Benefit Plan
Amendment to plan dated December 15, 2011
Section 12 of the Plan is amended in its entirety to read:
12. Amendment of the Plan. The Board of Directors may at any time modify or amend the Plan in any respect; provided, however, any such amendments may not adversely affect then-existing interests or expectations of then-existing Consultants or other participants. The Board will give reasonable notice of any such modification or amendment to Qualified Consultants through the Site. The Plan may only be modified in writing as set forth in this Section. In order to assure any such amendments not adversely affect then-existing interests or expectations of then-existing Consultants or other participants, the Board of Director’s power to amend the Plan is limited as follows: No amendment to the Plan will be applied retrospectively to any then-existing Consultants or other participants under the Plan prior to the date of the adoption of an Amendment, except as such amendment may be necessary to clarify any ambiguous terms or conditions of the Plan and then only in a way that does not adversely affect then-existing interests or expectations of then-existing Consultants or other participants. This provision may not be altered by further amendment by the Board.
