Common use of Amendment; Section 409A Clause in Contracts

Amendment; Section 409A. (a) This Employment Agreement may be amended only by a written agreement signed by the parties hereto. In addition, to the extent that any of the payments hereunder are or may be governed by Section 409A of the Code, the parties will work together in a commercially reasonable manner in good faith to amend any provisions as necessary for compliance or to avoid the imposition of taxes or penalties under Section 409A of the Code in a manner that maintains the basic financial provisions of this Employment Agreement. In this connection, each party will make any amendments or adjustments reasonably requested by the other party which satisfy the foregoing condition.

Appears in 4 contracts

Samples: Employment Agreement (Thestreet, Inc.), Employment Agreement (Thestreet, Inc.), Employment Agreement (Thestreet, Inc.)

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