FUN » Topics » Termination, Amendment, or Modification
This excerpt taken from the FUN 10-K filed Feb 29, 2008.
Termination, Amendment, or Modification
Termination. Although the Company anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that it will continue the Plan, or will
not terminate the Plan, at any time in the future. Accordingly, the Company reserves the right to discontinue its sponsorship of the Plan and/or to terminate the Plan at any time with respect to any or all Participants by action of the Board.
Effect of Termination. The termination of the Plan shall not adversely affect any Participant or Beneficiary who has become entitled to the payment of any benefits under the
Plan as of the date of termination; provided however, that the Company shall have the right to accelerate payments without a premium or prepayment penalty if permitted under Section 409A.
Amendment. The Company reserves the right to amend any provisions of the Plan at any time upon an action by the Board (or any properly delegated Committee thereof) to the
extent that it may deem advisable without the consent of the Participant or any Beneficiary; provided, however, that, without a Participants prior written consent, no such amendment shall impair or adversely affect the rights of any
Participant or Beneficiary with respect to any amounts credited to a Participants Account before such amendment.
"Termination, Amendment, or Modification" elsewhere: