Section 409a Clause Example from Business Contracts

This example Section 409a clause appears in 3 contracts from 1 company

Section 409a. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee's "separation from service" within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), the Company determines that the Awardee is a "specified employee" within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the... 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee's separation from service, or (B) the Awardee's death. View More Arrow
Found in CIRCOR International, Inc. contract
CIRCOR International, Inc. Contracts

Performance-Based Restricted Stock Unit Agreement between CIRCOR International, Inc. and Scott A. Buckhout (March 9, 2013) (Filed With SEC on February 21, 2017)

CIRCOR International, Inc. Performance-Based Restricted Stock Unit Agreement for Employees and Directors under 2014 Stock Option and Incentive Plan (Filed With SEC on February 21, 2017)

Performance-Based Restricted Stock Unit Agreement between CIRCOR International, Inc. and Scott A. Buckhout (Filed With SEC on April 15, 2013)