Code Section 409A definition
Examples of Code Section 409A in a sentence
This Agreement is intended to comply with Code Section 409A, or to qualify for an exemption thereunder, and shall be construed and administered in a manner which does not result in additional tax or interest to Employee under Code Section 409A.
Any payments to be made under this Agreement upon a termination of employment shall only be made upon a “separation from service” as defined under Code Section 409A.
Notwithstanding the foregoing, C▇▇▇▇▇▇▇ makes no representations that the payments and benefits provided under this Agreement comply with Code Section 409A and in no event shall C▇▇▇▇▇▇▇ be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Employee on account of non-compliance with Code Section 409A.
Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Code Section 409A or an applicable exemption.
For purposes of Code Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment.