Some kind of grandfather provision must be considered.

"The amendment might have had a grandfather provision that exempted directors serving at the time the amendment was adopted," Mr. Shmulewitz said.

Also, there is an issue with the grandfather provision.

Also, it contains a grandfather provision for at least the 300 companies that adopted dual classes of stock before May 1987.

And the "grandfather" provision certainly helped reduce opposition.

The grandfather provision allowed that crimes committed before January 1stwould be punished less severely if the perpetrator confessed by the end of 2031.

Removal of the grandfather provision and naked shorting restrictions generally have been endorsed by the U.S. Chamber of Commerce.

Existing facilities are not exempted by "grandfather provisions" that are often used by building code officials.

The legislation would contain a grandfather provision for existing brands with flip-top boxes comprising less than 25 percent of the front panel.

He would not lose either job under the proposal's grandfather provisions, but, for the record, he said he did not favor the ban.