No Deferred Compensation Sample Clauses

No Deferred Compensation. The Restricted Stock under the Restricted Stock Agreement is intended to be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the Restricted Stock Agreement shall be administered, construed and interpreted in accordance with such intent.
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No Deferred Compensation. This Plan is not intended to provide for a deferral of compensation under Code §409A and the regulations issued thereunder (collectively, the “Deferred Compensation Rules”) by meeting the exception for short-term deferrals as described in income tax regulation §1.409A-1(b)(4), and any ambiguities hereunder shall be resolved consistent with this intent.
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No Deferred Compensation. It is the intention of the parties that the benefits hereunder shall not be deemed deferred compensation arrangements under Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), as interpreted by regulations or administrative guidance issued by the Treasury Department or Internal Revenue Service ("Section 409A"). To the extent that any such benefits would be deemed a deferred compensation arrangement under Section 409A, this Second Amendment Agreement shall be amended by MicroIslet's Board of Directors, or the Compensation Committee thereof, in its reasonable discretion so that the benefits hereunder will not be deemed deferred compensation arrangements under Section 409A.
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No Deferred Compensation. The award of Restricted Stock under the Award Agreement is intended to be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the award of a Cash Performance Award under the Award Agreement is intended to meet the short-term deferral exception under Section 409A of the Code. Each Award Agreement shall be administered, construed and interpreted in accordance with such intent.
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No Deferred Compensation. Under the 1998 Agreement, the Company had deposited on the first day of each month $41,667 of deferred compensation payable to the Executive into an irrevocable "rabbi" trust (the "Trust"). On or about August 6, 1999, the Trust's assets, including the Company's contributions and any earnings thereon, were distributed to the Employee. From and after such date, no portion of the annual compensation payable to the Employee hereunder will be deferred.
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No Deferred Compensation. The RSUs under the Restricted Stock Unit Agreement is intended to be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the Restricted Stock Unit Agreement shall be administered, construed and interpreted in accordance with such intent.
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Related to No Deferred Compensation

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount. Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its Initial Business Combination within the time period prescribed in the Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.