Section 409a Clause Example with 6 Variations from Business Contracts

This page contains Section 409a clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Section 409a. The Grant Letters and these Grant Conditions are intended to comply with section 409A of the Code or an exemption, consistent with Section 20(h) of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. In furtherance of the foregoing, if the Performance Units or related Dividend Equivalents constitute "nonqualified deferred compensation" within the meaning of section 409A of the Code, vested Performance Uni...ts and related Dividend Equivalents shall be settled on the earliest date that would be permitted under section 409A of the Code without incurring penalty or accelerated taxes thereunder. View More
Found in ARMSTRONG WORLD INDUSTRIES INC contract

Variations of a "Section 409a" Clause from Business Contracts

Section 409a. The Grant Letters and these Grant Conditions are This Agreement is intended to comply with section Section 409A of the Code or an exemption, consistent with Section 20(h) 5.12 of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. Plan. In furtherance of the foregoing, if the Performance Units or related Dividend Equivalents constitute "nonqualified deferred compensation" within the meaning of section Sec...tion 409A of the Code, vested Performance Units and related Dividend Equivalents shall be settled on the earliest date that would be permitted under section Section 409A of the Code without incurring penalty or accelerated taxes thereunder. View More
Found in ARMSTRONG WORLD INDUSTRIES INC contract
Section 409a. The Grant Letters and these Grant Conditions are intended to comply with be exempt from section 409A of the Code or an exemption, consistent with Section 20(h) of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. In furtherance of Code. Notwithstanding the foregoing, if the Performance Units Shares or related Dividend Equivalents dividends constitute "nonqualified deferred compensation" within the meani...ng of section 409A of the Code, vested Performance Units Shares and related Dividend Equivalents dividends shall be settled on the earliest date that would be permitted under section 409A of the Code without incurring penalty or accelerated taxes thereunder. thereunder, consistent with Section 20(h) of the Plan. View More
Found in 2 Contracts from Armstrong Flooring, Inc.
Section 409a. The Grant Letters Letter and these Grant Conditions are intended to comply with section 409A of the Internal Revenue Code or an exemption, consistent with Section 20(h) of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. Plan. In furtherance of the foregoing, if the Performance Grantee is subject to a change in control agreement between the Grantee and the Company, then to the extent that the Time-Base...d Units or related Dividend Equivalents constitute "nonqualified deferred compensation" within the meaning of section 409A of the Code, vested Performance Time-Based Units and related Dividend Equivalents shall be settled on the earliest date that would be permitted under section 409A of the Code without incurring penalty or accelerated taxes thereunder. View More
Found in ARMSTRONG WORLD INDUSTRIES INC contract
Section 409a. The Grant Letters Letter and these Grant Conditions are intended to comply with section 409A of the Code or an exemption, consistent with Section 20(h) of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. Plan. In furtherance of the foregoing, if the Performance Time-Based Units or related Dividend Equivalents constitute "nonqualified deferred compensation" within the meaning of section 409A of the Code..., vested Performance Time-Based Units and related Dividend Equivalents shall be settled on the earliest date that would be permitted under section 409A of the Code without incurring penalty or accelerated taxes thereunder. View More
Found in 2 Contracts from ARMSTRONG WORLD INDUSTRIES INC
Section 409a. The Grant Letters Letter and these Grant Conditions are intended to comply with section 409A of the Internal Revenue Code or an exemption, consistent with Section 20(h) of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. Plan. In furtherance of the foregoing, if the Grantee is subject to a change in control agreement between the Grantee and the Company, then to the extent that the Performance Units or ...related Dividend Equivalents constitute "nonqualified deferred compensation" within the meaning of section 409A of the Code, vested Performance Units and related Dividend Equivalents shall be settled on the earliest date that would be permitted under section 409A of the Code without incurring penalty or accelerated taxes thereunder. View More
Found in ARMSTRONG WORLD INDUSTRIES INC contract
Section 409a. The Grant Letters Letter and these Grant Conditions are intended to comply with section 409A of the Code or an exemption, consistent with Section 20(h) of the Plan, including the six-month delay for specified employees in accordance with the requirements of section 409A of the Code, if applicable. In furtherance of the foregoing, if the Performance Time-Based Units or related Dividend Equivalents constitute "nonqualified deferred compensation" within the meaning of section 409A of the Code, vest...ed Performance Time-Based Units and related Dividend Equivalents shall be settled on the earliest date that would be permitted under section 409A of the Code without incurring penalty or accelerated taxes thereunder. View More
Found in ARMSTRONG WORLD INDUSTRIES INC contract