Modification/Termination. The Board will have the right to modify this Plan from time to time, or to terminate the Plan entirely; provided, however, that no modification or termination of the Plan will operate to annul an election already in effect for the fiscal year in which such modification or termination is effective, or to adversely affect the rights of a Director or Beneficiary to receive distributions as provided herein.
AMENDMENT OR TERMINATION OF PLAN: The Board will haveCompany reserves the right to amend, modify or terminate this Plan fromat any time to time, or to terminate the Plan entirely; provided, however,by action of its Board, provided that no modification or termination of the Plan will operate to annul an election already in effect for the fiscal year in which such modification or termination is effective, or toaction shall not adversely affect any Eligible Director’s rights under the rightsprovisions of a Director or Beneficiarythis Plan with respect to receive distributions as provided herein.awards which were made prior to such action.
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