Common use of Section 409A Amendment Clause in Contracts

Section 409A Amendment. This Agreement is intended to be exempt from Code Section 409A and this Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 16 contracts

Sources: Stock Option Award Agreement (Heartland Financial Usa Inc), Restricted Stock Unit Award Agreement (Heartland Financial Usa Inc), Restricted Stock Unit Award Agreement (Heartland Financial Usa Inc)

Section 409A Amendment. This Agreement is intended to be exempt from Code Section 409A and this Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; 409A. Participant’s acceptance of this Award constitutes acknowledgement and the Participant hereby acknowledges and consents consent to such rights of the Committee.

Appears in 10 contracts

Sources: Restricted Stock Unit Award Agreement (BankFinancial CORP), Restricted Stock Award Agreement (BankFinancial CORP), Restricted Stock Unit Award Agreement (Countrywide Financial Corp)

Section 409A Amendment. This Agreement is intended to comply with, or be exempt from from, Code Section 409A and this Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Heartland Financial Usa Inc)

Section 409A Amendment. This Agreement is intended to be exempt from Code Section 409A and this Agreement shall be administered and interpreted in accordance accord ance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Heartland Financial Usa Inc)

Section 409A Amendment. This Agreement The Option is intended to be exempt from Code Section 409A and this Option Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Option Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Sources: Stock Option Agreement (QCR Holdings Inc)

Section 409A Amendment. This Agreement is intended to be exempt from comply with the requirements of Code Section 409A and this Agreement shall be administered and interpreted in accordance consistent with such that intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; 409A. Participant's acceptance of this Award constitutes acknowledgement and the Participant hereby acknowledges and consents consent to such rights of the Committee.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Countrywide Financial Corp)