Modification Clause Example with 5 Variations from Business Contracts

This page contains Modification 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.
Modification. This Award Agreement may be modified or amended at any time, in accordance with Section 15 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects your rights or obligations under this Award Agreement (with such an affect being presumed to arise from a modification that would trigger a violation of Section 409A of the Code).

Variations of a "Modification" Clause from Business Contracts

Modification. This Award Agreement may be modified or amended at any time, in accordance with Section 15 14 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects your rights or obligations under this Award Agreement (with such an affect effect being presumed to arise from a modification that would trigger a violation assessment of the additional tax under Section 409A of the Code). Notwithstanding the foregoing, the Committee may, however, take any... action permitted by Section 12 of the Plan without your written consent. View More
Modification. This Award Agreement may be modified or amended at any time, in accordance with the Plan (including, but not limited to, Section 15 18 of the Plan Plan) and provided that you must consent in writing to any modification that adversely and materially affects your any rights or obligations under this Award Agreement (with such an affect being presumed to arise from a modification that would trigger a violation of Section 409A of the Code). Code), unless otherwise provided in this Award Agreement or... the Plan and provided that before a Change in Control, the Committee may make such modifications as it determines in good faith are not materially adverse to you. View More
Modification. This Award Agreement may be modified or amended at any time, in accordance with Section 15 18 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects your any rights or obligations under this Award Agreement (with such an affect being presumed to arise from a modification that would trigger a violation of Section 409A of the Code). Code), unless otherwise provided in this Award Agreement or the Plan and provided that before a Change in ...Control, the Committee may make such modifications as it determines in good faith are not materially adverse to you. View More
Modification. This Award Agreement may be modified or amended at any time, in accordance with Section 15 14 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects your rights or obligations under this Award Agreement (with such an affect effect being presumed to arise from a modification that would trigger a violation of Section 409A of the Code). Notwithstanding the foregoing, the Committee may, however, take any action permitted by Section 12 of t...he Plan without your written consent. View More
Modification. This Award Agreement may be modified or amended at any time, in accordance with Section 15 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects your any rights or obligations under this Award Agreement (with such an affect being presumed to arise from a modification that would trigger a violation of Section 409A violation of the Code).