Amendment or Termination Clause Example with 6 Variations from Business Contracts

This page contains Amendment or Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Amendment or Termination. The Board may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of any Covered Employee shall be unanimously approved by the Company's Board of Directors, (b) no such amendment, modification or termination may affect the rights of a Covered Employee then receiving payments or benefits under the Plan without the consent of such pers...on, and (c) no such amendment, modification or termination made after a Change in Control shall be effective for one year. The Board intends to review the Plan at least annually. View More
Found in Editas Medicine, Inc. contract

Variations of a "Amendment or Termination" Clause from Business Contracts

Amendment or Termination. The Board may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of any Covered Employee Executive shall be unanimously approved by the Company's Board of Directors, including the Chief Executive Officer, (b) no such amendment, modification or termination may affect the rights of a Covered Employee Executive then receiving payments ...or benefits under the Plan without the consent of such person, and (c) no such amendment, modification or termination made after a Change in Control shall be effective for one year. The Board intends to review the Plan at least annually. View More
Found in Trevi Therapeutics, Inc. contract
Amendment or Termination. The Board may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of any Covered Employee shall be unanimously approved by the Company's Board of Directors, Board, (b) no such amendment, modification or termination may affect the rights of a Covered Employee then receiving payments or benefits under the Plan without the consent of su...ch person, and (c) no such amendment, modification or termination made after a Change in Control shall be effective for one year. twelve months following the closing of the Change in Control. The Board intends intends, prior to a Change in Control, to review the Plan and the level of severance benefits provided hereunder at least annually. once every two years. View More
Found in Blue Apron Holdings, Inc. contract
Amendment or Termination. The Board may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in of Control that adversely affects the rights of any Covered Employee shall be unanimously approved by the Company's Board of Directors, Board, (b) no such amendment, modification or termination may affect the rights of a Covered Employee then receiving payments or benefits under the Plan without the consent of... such person, and (c) no such amendment, modification or termination made after a Change in of Control shall be effective for one year. The Board intends to review the Plan at least annually. eighteen (18) months. View More
Found in AGIOS PHARMACEUTICALS INC contract
Amendment or Termination. The Board or the Committee may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of any Covered Employee shall be unanimously approved by the Company's Board of Directors, including any independent director(s), (b) no such amendment, modification or termination may affect the rights of a Covered Employee then receiving payments or ...benefits under the Plan without the consent of such person, and (c) no such amendment, modification or termination made after a Change in Control shall be effective for one (1) year. The Board intends to review the Plan at least annually. View More
Found in 2 Contracts from 2 Companies
Amendment or Termination. The Board may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of any Covered Employee shall be unanimously approved by the Company's Board of Directors, Board, (b) no such amendment, modification or termination may affect the rights of a Covered Employee then receiving payments or benefits under the Plan without the consent of su...ch person, and (c) no such amendment, modification or termination made after a Change in Control shall be effective for until the date that is one year. year following such Change in Control. The Board Board, with the support of the Compensation Committee, intends to review the Plan at least annually. View More
Found in CATABASIS PHARMACEUTICALS INC contract
Amendment or Termination. The Board may amend, modify, or terminate the Plan at any time in its sole discretion; provided, however, that (a) any such amendment, modification or termination made prior to a Change in Control that adversely affects the rights of 11 any Covered Employee shall be unanimously approved by the Company's Board of Directors, including the Chief Executive Officer, (b) no such amendment, modification or termination may affect the rights of a Covered Employee then receiving payments or benefits under... the Plan without the consent of such person, and (c) no such amendment, modification or termination made after a Change in Control shall be effective for one year. The Board intends to review the Plan at least annually. View More
Found in Apellis Pharmaceuticals, Inc. contract