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 the Option Terms without the consent of the Participant to maintain compliance with Code Section 409A. The Participant’s acceptance of the Option constitutes acknowledgement and consent to such rights of the Committee.

Appears in 3 contracts

Sources: Employment Agreement (Medgenics, Inc.), Employment Agreement (Medgenics, Inc.), Employment Agreement (Medgenics, Inc.)

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend the Option Terms this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with with, Code Section 409A. The Participant’s 's acceptance of the Option this Award constitutes acknowledgement and consent to such rights of the Committee.

Appears in 2 contracts

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

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend the Option Terms this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with with, Code Section 409A. The Participant’s acceptance of the Option this award constitutes acknowledgement and consent to such rights of the Committee.

Appears in 2 contracts

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

Section 409A Amendment. The Committee reserves the right (including the right to delegate such right) to unilaterally amend the this Option Terms Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with with, Code Section 409A. The Participant’s acceptance of the this Option award constitutes acknowledgement and consent to such rights of the Committee.

Appears in 1 contract

Sources: Non Qualified Stock Option Award Agreement (Mediware Information Systems Inc)