Modification Clause Example from Business Contracts

This example Modification clause appears in 3 contracts from 1 company

Modification. Notwithstanding any provision of this Award Agreement to the contrary, the Partnership reserves the right to modify the terms and conditions of this Award Agreement, including, without limitation, the timing or circumstances of the issuance or transfer of Blackstone Holdings Partnership Units to the Participant hereunder, to the extent such modification is determined by the Partnership to be necessary to comply with applicable law or preserve the intended deferral of income recognition with resp...ect to the Deferred Units and Retention Units until the issuance or transfer of Blackstone Holdings Partnership Units hereunder. View More