Compliance With Code Section 409a Clause Example from Business Contracts

This example Compliance With Code Section 409a clause appears in 2 contracts from 1 company

Compliance With Code Section 409a. Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409A, except as otherwise determined in the sole discretion of the Administrator. The Plan and each Award Agreement under the Plan is intended to meet, or be exempt from, the requirements of Code Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Admi...nistrator. View More