the Rsus Are Intended to Be Exempt From the Requirements of Code Section 409a Contract Clauses (14)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains the Rsus Are Intended to Be Exempt From the Requirements of Code Section 409a clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
the Rsus Are Intended to Be Exempt From the Requirements of Code Section 409a. The 2011 Plan and these Terms and Conditions shall be administered and interpreted in a manner consistent with this intent. If the Company determines that these Terms and Conditions are subject to Code Section 409A and that it has failed to comply with the requirements of that Section, the Company may, at the Company's sole discretion and without your consent, amend these Terms and Conditions to cause them to comply with Code Section 409A or be exempt from Code Section 409A. Further, you shall p...ay to the Company an amount equal to the profit realized by you (if any) on all Shares that were acquired upon vesting of the RSUs that you have disposed of. For purposes of the preceding sentence, the profit shall be the Fair Market Value of the Shares at the time of disposition. View More
Found in Stryker Corp. contract
the Rsus Are Intended to Be Exempt From the Requirements of Code Section 409a. The 2011 Plan and these Terms and Conditions shall be administered and interpreted in a manner consistent with this intent. If the Company determines that these Terms and Conditions are subject to Code Section 409A and that it has failed to comply with the requirements of that Section, the Company may, at the Company's sole discretion discretion, and without your consent, amend these Terms and Conditions to cause them to comply with Code Section 409A or be exempt from Code Section 409A. Further,... you shall pay to the Company an amount equal to the profit realized by you (if any) on all Shares that were acquired upon vesting of the RSUs that you have disposed of. For purposes of the preceding sentence, the profit shall be the Fair Market Value of the Shares at the time of disposition. View More
Found in Stryker Corp. contract
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