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This excerpt taken from the PCG 10-K filed Feb 24, 2009. Amendment or Termination of
Plan. 30
The Board
or the Committee may amend, suspend or terminate the Plan at any
time. However, without the approval of the Company’s shareholders,
there shall be (a) no increase in the maximum aggregate number of shares of
Stock that may be issued under the Plan (except by operation of the provisions
of Section 4.2), (b) no change in the class of persons eligible to receive
Incentive Stock Options, and (c) no other amendment of the Plan that would
require approval of the Company’s shareholders under any applicable law,
regulation or rule. Notwithstanding the foregoing, only the Board may
amend Section 7. No amendment, suspension or termination of the
Plan shall affect any then outstanding Award unless expressly provided by the
Board or the Committee. In any event, no amendment, suspension or
termination of the Plan may adversely affect any then outstanding Award without
the consent of the Participant unless necessary to comply with any applicable
law, regulation or rule.
18. These excerpts taken from the PCG 10-K filed Feb 22, 2008. Amendment
or Termination of Plan.
The Board
or the Committee may amend, suspend or terminate the Plan at any
time. However, without the approval of the Company’s shareholders,
there shall be (a) no increase in the maximum aggregate number of shares of
Stock that may be issued under the Plan (except by operation of the provisions
of Section 4.2), (b) no change in the class of persons eligible to receive
Incentive Stock Options, and (c) no other amendment of the Plan that
would require approval of the Company’s shareholders under any applicable law,
regulation or rule. Notwithstanding the foregoing, only the Board may
amend Section 7. No amendment, suspension or termination of the
Plan shall affect any then outstanding Award unless expressly provided by the
Board or the Committee. In any event, no amendment, suspension or
termination of the Plan may adversely affect any then outstanding Award without
the consent of the Participant unless necessary to comply with any applicable
law, regulation or rule.
18. Amendment or Termination of Plan. The Board or the Committee may amend, suspend or terminate the Plan at any time. However, without the approval of the Company’s shareholders, there shall be (a) no increase in the maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Section 4.2), (b) no change in the class of persons eligible to receive Incentive Stock Options, and (c) no other amendment of the Plan that would require approval of the Company’s shareholders under any applicable law, regulation or rule. Notwithstanding the foregoing, only the Board may amend Section 7. No amendment, suspension or termination of the Plan shall affect any then outstanding Award unless expressly provided by the Board or the Committee. In any event, no amendment, suspension or termination of the Plan may adversely affect any then outstanding Award without the consent of the Participant unless necessary to comply with any applicable law, regulation or rule. 18. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for PCG: |
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