Amendment and Termination of the Plan Contract Clauses (836)

Grouped Into 22 Collections of Similar Clauses From Business Contracts

This page contains Amendment and Termination of the Plan clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Amendment and Termination of the Plan. The Board may amend or terminate the Plan at any time; provided, however, that the Board shall not amend the Plan without approval of the stockholders of the Company if such approval is required in order to comply with the Code, applicable laws and stock exchange requirements, or as required by Section 21(b) below. No amendment or termination of this Plan shall, without the consent of the Participant, impair any rights or obligations under any Grant previously made to the Participant, unless suc...h right has been reserved in the Plan or the Grant Instrument, or except as provided in Section 21(b) below. (b) No Repricing Without Stockholder Approval. Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares), the terms of outstanding awards may not be amended to reduce the exercise price of outstanding Options or SARs or cancel outstanding Options or SARs in exchange for cash, other awards or Options or SARs with an exercise price that is less than the exercise price of the original Options or SARs without stockholder approval. (c) Termination of Plan. The Plan shall terminate on the day immediately preceding the tenth anniversary of its Effective Date, which is July 26, 2028, unless the Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders. The termination of the Plan shall not impair the power and authority of the Administrator with respect to an outstanding Grant. View More
Found in International Money Express, Inc. contract
Amendment and Termination of the Plan. The Board may amend or terminate the Plan at any time; provided, however, that the Board shall not amend the Plan without approval of the stockholders of the Company if such approval is required in order to comply with the Code, applicable laws and stock exchange requirements, or as required by Section 21(b) below. No amendment or termination of this Plan shall, without the consent of the Participant, impair any rights or obligations under any Grant previously made to the Participant, unless suc...h right has been reserved in the Plan or the Grant Instrument, or except as provided in Section 21(b) below. 15 (b) No Repricing Without Stockholder Approval. Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, spinoff, combination, or exchange of shares), the Company may not, without obtaining stockholder approval, (i) amend the terms of outstanding awards may not be amended Options or SARs to reduce the exercise price of such outstanding Stock Options or SARs or base amount of such SARs, (ii) cancel outstanding Options or SARs in exchange for cash, other awards or Options or SARs with an exercise price or base amount, as applicable, that is less than the exercise price or base amount of the original Options or SARs without stockholder approval. or (iii) cancel outstanding Options or SARs with an exercise price or base amount, as applicable, above the current stock price in exchange for cash or other securities. (c) Termination of Plan. The Plan shall terminate on the day immediately preceding the tenth anniversary of its Effective Date, which is July 26, 2028, October 13, 2030, unless the Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders. The termination of the Plan shall not impair the power and authority of the Administrator with respect to an outstanding Grant. View More
Found in Insurance Acquisition Corp. contract
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Amendment and Termination of the Plan. The Company may amend, modify, terminate or discontinue the Plan at any time; provided that no such action shall reduce the amount credited to a Participant's Account immediately prior to such action, or change the time, method or manner in which the Participant's Account is then being distributed, except to the extent that an accelerated payment of the amounts credited to the Accounts may be effected in accordance with the applicable provisions of Section 409A of the Internal Revenue Code of 19...86, as amended (the "Code")). View More
Found in National Fuel Gas contract
Amendment and Termination of the Plan. The Company Board or the Committee may amend, modify, terminate or discontinue the Plan at any time; provided that no such action shall reduce the amount credited to a Participant's Account immediately prior to such action, or change the time, method or manner in which the Participant's Account is then being distributed, except to the extent that an accelerated payment of the amounts credited to the Accounts may be effected in accordance with the applicable provisions of Section 409A of the Inte...rnal Revenue Code of 1986, as amended (the "Code")). 409A. View More
Found in National Fuel Gas contract
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