Exemption from Section 409A. The Executive and the Company agree that the termination benefits described in this Section 3.4 are intended to be exempt from Section 409A of the Internal Revenue Code (“Section 409A”) pursuant to Treasury Regulation Section 1.409A-1(b)(10) as certain indemnification and liability insurance plans.
Appears in 2 contracts
Sources: Employment Agreement (Coffee Holding Co Inc), Employment Agreement (Coffee Holding Co Inc)