Common use of Section 409A Amendment Clause in Contracts

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee in order to maintain an exclusion from the application of, or to maintain compliance with, Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee’s acceptance of this Award constitutes the Grantee’s acknowledgement of and consent to such rights of the Company.

Appears in 8 contracts

Sources: Performance Based Ltip Unit Award Agreement (First Industrial Lp), Ltip Unit Award Agreement (First Industrial Lp), Time Based Restricted Stock Unit Award Agreement (First Industrial Lp)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The GranteeParticipant’s acceptance of this Award constitutes the GranteeParticipant’s acknowledgement of and consent to such rights of the Company.

Appears in 4 contracts

Sources: Performance Based Lp Unit Award Agreement (First Industrial Lp), Performance Based Restricted Stock Unit Award Agreement (First Industrial Lp), Time Based Lp Unit Award Agreement (First Industrial Lp)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A of the Code. 409A. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee’s acceptance of this Award Agreement constitutes the Grantee’s acknowledgement of and consent to such rights of the Company.

Appears in 3 contracts

Sources: Service Based Bonus Agreement (First Industrial Realty Trust Inc), Service Based Bonus Agreement (First Industrial Realty Trust Inc), Service Based Bonus Agreement (First Industrial Realty Trust Inc)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A of the Code. 409A. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee’s acceptance of this Award Agreement constitutes the Grantee’s acknowledgement of and consent to such rights of the Company.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (First Industrial Realty Trust Inc)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee409A. Participant’s acceptance of this Award constitutes the Grantee’s acknowledgement of and consent to such rights of the CompanyCommittee.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Mediware Information Systems Inc)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee409A. Participant’s acceptance of this Award Option award constitutes the Grantee’s acknowledgement of and consent to such rights of the CompanyCommittee.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Mediware Information Systems Inc)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee in order to maintain an exclusion from the application of, or Participant to maintain compliance with, with Code Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee409A. Participant’s acceptance of this Award constitutes the Grantee’s acknowledgement of and consent to such rights of the CompanyCommittee.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Modigene Inc.)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A of the Code. 409A. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The GranteeParticipant’s acceptance of this Award Agreement constitutes the Grantee’s acknowledgement of and consent to such rights of the Company.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Old Second Bancorp Inc)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee409A. Participant’s acceptance of this Award Agreement constitutes the Grantee’s acknowledgement of and consent to such rights of the CompanyCommittee.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Old Second Bancorp Inc)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Grantee in order Participant to maintain an exclusion from the application ofits exemption from, or to maintain compliance with, Code Section 409A of the Code. Any such amendment shall maintain, to the extent practicable, the original intent of the applicable provision. The Grantee409A. Participant’s acceptance of this Award constitutes the Grantee’s acknowledgement of and consent to such rights of the CompanyCommittee.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Trinity Capital Corp)