Common use of Applicability of Section 409A of the Code Clause in Contracts

Applicability of Section 409A of the Code. To the extent that the Restricted Share Units constitute deferred compensation subject to Section 409A of the Code, references in this Agreement to “termination of the Director’s services on the Board” and corollary terms shall mean the Director’s “separation from service” within the meaning of Section 409A of the Code and related regulations.

Appears in 4 contracts

Samples: Restricted Share Unit Agreement (Jackson Financial Inc.), 2023 Director Restricted Share Unit Agreement (Jackson Financial Inc.), 2022 Director Restricted Share Unit Agreement (Jackson Financial Inc.)

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Applicability of Section 409A of the Code. To the extent that the Restricted Share Stock Units constitute deferred compensation subject to Section 409A of the Code, references in this Agreement to “termination of the Director’s services on the Board” and corollary terms shall mean the Director’s “separation from service” within the meaning of Section 409A of the Code and related regulations.

Appears in 2 contracts

Samples: Restricted Share Unit Agreement – Founders Award (Jackson Financial Inc.), Restricted Share Unit Agreement – Founders Award (Jackson Financial Inc.)

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Applicability of Section 409A of the Code. To the extent that the Restricted Share Units constitute deferred compensation subject to Section 409A of the Code, references in this Agreement to “termination of the Director’s services on the JNY Board” and corollary terms shall mean the Director’s “separation from service” within the meaning of Section 409A of the Code and related regulations.. (c)

Appears in 1 contract

Samples: Jackson National Life Insurance Co of New York

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