Code Section definition

Code Section refers to a section of the Code.

Code Section means a specified section of the Code and the applicable Treasury Regulations promulgated thereunder.

Code Section means a section of the United States Bankruptcy Code, 11 U.S.C. '101 et seq., as in effect with respect to the Reorganization Case.

Examples of Code Section in a sentence

• The Plan and each Award Agreement under the Plan is intended to meet the requirements of Code Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator.

• To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A.

• Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time.

• Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A, except as otherwise determined in the sole discretion of the Administrator.

• Under no circumstances shall purchase rights be granted under the Plan to any Eligible Employee if such individual would, immediately after the grant, own (within the meaning of Code Section 424(d)) or hold outstanding options or other rights to purchase, stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Corporation or any Corporate Affiliate.

More Definitions of Code Section

Code Section means a section of the Code.

Code Section means a section of the Code and the regulations and guidance issued thereunder.

Code Section means the referenced provision of the Arizona Code of Judicial Administration.

Code Section means the relevant and appropriate Section of the Internal Revenue Code of 1986.

Code Section is a reference to a particular section of the Code, and includes any successor provision or the same or a successor provision as renumbered at any time.

Code Section means, except where otherwise indicated, a Section of the Bankruptcy Code as in effect with respect to the Cases.

Code Section or “Code Sections” means a section or sections of the Internal Revenue Code of 1986, as amended, and shall include corresponding provisions of future federal tax laws, all as from time to time in effect.