EMC » Topics » 6. Discontinuance, Amendment and Termination.

This excerpt taken from the EMC 8-K filed Feb 2, 2005.

6. Discontinuance, Amendment and Termination.

 

The Committee or the Board may at any time discontinue granting Bonus Awards under the Plan. The Committee or the Board may at any time or times amend the Plan for any purpose which may at the time be permitted by law and such amendments shall require shareholder approval only to the extent required by applicable law or regulation. The Committee or the Board may at any time terminate the Plan.

 

7. No Right to Bonus or Continued Employment.

 

Neither the adoption of the Plan, the grant of any Bonus Award, nor the provision for or payment of any amounts under Plan confers upon any person (a) any right to receive, or any interest in, a Bonus Award or any other benefit under the Plan, or (b) any right to continue to

 

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serve as an officer or employee of the Company or any of its subsidiaries. The Company expressly reserves the right to terminate the employment of any Participant at any time without incurring any liability under the Plan or otherwise.

 

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