Example ContractsClausesAmendment of the Plan and Agreements
Amendment of the Plan and Agreements
Amendment of the Plan and Agreements contract clause examples
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Termination and Amendment of this Plan. The Committee shall have power at any time, in its discretion, to amend, abandon or terminate this Plan, in whole or in part; except that no amendment, abandonment or termination shall impair or abridge the obligations of the Corporation under any Agreements previously entered into pursuant to this Plan except as expressly permitted by the terms of such Agreements.

The Compensation Committee (theCommittee”) of the Board of Directors of Targa Resources Corp. (theCompany”), hereby makes this Omnibus Amendment (theAmendment”) to each of the Restricted Stock Unit Grant Agreements that govern Restricted Stock Unit awards (“RSUs”) which were (i) granted at any time during the calendar years of 2020, 2021 or 2022 pursuant to the Targa Resources Corp. 2010 Stock Incentive Plan, as amended (thePlan”), and (2) designed with a vesting schedule that provided for 100% vesting no later than three years following the applicable grant date of the award (theAward Agreements”). The effective date of the Amendment shall be January 1, 2023 (theAmendment Effective Date”). Unless otherwise defined herein, capitalized terms used herein shall have the same meaning ascribed thereto in the Plan or the Award Agreements, as applicable.

The Board may amend, suspend or terminate the Plan at any time. The foregoing notwithstanding, the Plan may not be amended (including any amendment to this Section 14) or terminated by the Board if such amendment or termination would alter the provisions of this Section 14 or adversely affect or impair the Director’s rights to receive payment with respect to the Director’s Deferred Compensation Account or Stock Units.

Amendment or Discontinuation of this Plan. The Board of Directors may amend, alter, or discontinue this Plan at any time, provided that no amendment, alteration, or discontinuance may be made:

Amendment or Termination of the Plan. The Board may amend or terminate the Plan at any time, except that no amendment or termination shall be made that would impair the rights of any Participant to an Incentive Compensation Award that would be payable were the Participant to terminate employment on the effective date of such amendment or termination, unless the Participant consents to such amendment or termination.

The Plan shall terminate on the later of # December 31, 2023, unless extended by the Board or # in the event of a Change of Control on or before the termination date of the Plan, two years after such Change of Control, provided that the termination of the Plan shall not impair or abridge the obligations of incurred under the Plan to any Participant as a result of a Qualified Termination of Employment that occurs before the date the Plan is terminated.

Establishment and Amendment of the Plan. The Board of Directors (theBoard”) of Garmin Ltd., a Swiss company (the "Company"), established the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan on February 11, 2011, to be effective on June 3, 2011, the date the Plan was initially approved by the shareholders of the Company, (the "Effective Date"). The 2011 Non-Employee Directors' Equity Incentive Plan was previously amended and restated on October 21, 2016 and on February 15, 2019.

Amendment and Termination of the Plan. The Company expects to maintain the Plan in force indefinitely, but reserves the right # to amend the Plan, in whole or in part, at any time or from time to time, under the procedure described in Section 16.2, and # to suspend or terminate the Plan, in whole or in part, at any time, by action of the Board of Directors.

The Board of Directors may alter, amend or terminate the Plan at any time. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. No awards shall be granted under the Plan after the termination thereof.

The Board of Directors of the Company (or its Compensation Committee) may amend or terminate the Plan at any time; provided that during the 12-month period following a Change of Control, the Plan may not be terminated or amended in a way that would adversely affect an Executive.

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