Compliance With or Exemption From Section 409a of the Code Contract Clauses (8)
Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Compliance With or Exemption From Section 409a of the Code clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Compliance With or Exemption From Section 409a of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with or be exempt from the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section ...409A of the Code and may be made by the Company without the consent of Grantee).View More
Compliance With or Exemption From Section 409a of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with or be exempt from the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the this Agreement or the 9 Plan to fail to satisfy Section 409A of the Code shall have no force and or effect until amended to comply with or be exempt from Section 409A of the Code (which amendment may be retroactive to the ...extent permitted by Section 409A of the Code and may be made by the Company without the consent of the Grantee). If the PBRSUs become payable on the Grantee's "separation from service" with the Company and its Subsidiaries within the meaning of Section 409A(a)(2)(A)(i) of the Code and the Grantee is a "specified employee" as determined pursuant to procedures adopted by the Company in compliance with Section 409A of the Code, then, to the extent necessary to comply with Section 409A of the Code and avoid any additional taxes thereunder, payment for the PBRSUs shall be made on the earlier of the first business day of the seventh month after the date of the Grantee's "separation from service" with the Company and its Subsidiaries within the meaning of Section 409A(a)(2)(A)(i) of the Code or the Grantee's death. View More
Compliance With or Exemption From Section 409a of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with or be exempt from the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the this Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and or effect until amended to comply with or be exempt from Section 409A of the Code (which amendment may be retroactive to the ex...tent permitted by Section 409A of the Code and may be made by the Company without the consent of Grantee). the Grantee).12. Interpretation. Any reference in this Agreement to Section 409A of the Code will also include any proposed, temporary or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service. View More
