Example ContractsClausesalteration/terminationVariants
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Amendment and Termination. The Committee may amend, alter, suspend, discontinue, or terminate the LTIP or any portion thereof at any time; provided, that any such amendment, alteration, suspension, discontinuance or termination that would materially and adversely affect the rights of any Participant or any holder or beneficiary of any award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary.

Amendment and Termination. The Committee may amend, alter, suspend, discontinue,alter or terminatediscontinue the LTIP or any portion thereof at any time; provided,time, provided that anyno such amendment, alteration, suspension, discontinuancealteration or terminationdiscontinuation shall be made that would materially and adversely affect the rights of anya Participant or any holder or beneficiary of anywith respect to a previously granted award theretofore granted shall not to that extent be effectivehereunder without the consent of the affected Participant, holder or beneficiary.such Participant’s consent.

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