Code Section 409A definition

Code Section 409A means Section 409A of the Code and all applicable regulations and other guidance issued under or related to Section 409A of the Code.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Code Section 409A means the provisions of Section 409A of the Code and any rules, regulations and guidance promulgated thereunder, as modified from time to time.

Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

Examples of Code Section 409A in a sentence

This Agreement is intended to comply with Code Section 409A (to the extent applicable) and the parties hereto agree to interpret, apply and administer this Agreement in the least restrictive manner necessary to comply therewith and without resulting in any increase in the amounts owed hereunder by the Company.
For purposes of the application of Code Section 409A, each payment in a series of payments will be deemed a separate payment.
Notwithstanding anything in this Agreement to the contrary, if any Plan provision or this Agreement results in the imposition of an additional tax under Code Section 409A, that Plan provision or provision of this Agreement shall be reformed, to the extent permissible under Code Section 409A, to avoid imposition of the additional tax, and no such action shall be deemed to adversely affect the Participant's rights to the Phantom Units.
Notwithstanding any contrary provision in this Agreement, Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Code Section 409A, which may impose significant adverse tax consequences on him, including accelerated taxation, a 20% additional tax, and interest.
Any Severance Payments that fail to qualify for the exemptions under Code Section 409A shall be paid or provided in accordance with the requirements of Code Section 409A.

Code Section 409A means the provisions of Section 409A of the Code and any rules, regulations and guidance promulgated thereunder.

Code Section 409A means Section 409A of the Code.

Code Section 409A means Section 409A of the Code together with the treasury regulations and other official guidance promulgated thereunder.

Code Section 409A means Section 409A of the Code and the Treasury regulations and other interpretive rulings and guidance issued thereunder.