Section 409a Clause Example from Business Contracts
This example Section 409a clause appears in 2 contracts from 2 companies
Section 409a. The Award is intended to be exempt from the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent; provided, that the Company does not guarantee to the Participant any particular tax treatment of the Award. The Company shall not be liable to the Participant for any additional tax, interest or penalties that may be imposed on the Participant by Section 409A of the Code or any damages for failing to comply with Section 40...
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Global Net Lease, Inc. contract