The Company may amend the Plan at any time and for any reason by action of the Compensation Committee of the Board of Directors of the Company. The Compensation Committee generally will determine the effective date of any amendment to the Plan. However, if Section 409A of the Code requires a delayed effective date (for example, if an amendment changes a deferral rule in a way that implementation of the amendment may be required to be delayed for twelve (12) months), then the amendment will be effective as of the later of the date determined by the Compensation Committee in connection with the amendment, or the earliest effective date allowed under Section 409A of the Code.