Common use of Compliance with the Provisions of Code Section 409A Clause in Contracts

Compliance with the Provisions of Code Section 409A. Notwithstanding anything in this Agreement to the contrary, any payment under this Agreement to Executive shall be deferred, if necessary, until the first date that such payment could be made without subjecting Executive to taxes imposed by reason of Code Section 409A.

Appears in 3 contracts

Sources: Management Compensation Agreement (Northwest Airlines Corp), Management Compensation Agreement (Northwest Airlines Corp), Management Compensation Agreement (Northwest Airlines Corp)