Amendment and Termination of the Plan Clause Example from Business Contracts

This example Amendment and Termination of the Plan clause appears in 5 contracts from 4 companies

Amendment and Termination of the Plan. The Board may at any time amend or terminate the Plan, but no amendment or termination (other than an adjustment pursuant to Section 14 above) shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award, without his or her consent. In addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain the approval of holders of capital stock with respect to any Plan amendment in such a manner and to s...uch a degree as required. View More