Application of Section 409A of the Code. The grant is intended to be exempt from Section 409A of the Code, and this Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Section 409A of the Code, and the Participant hereby acknowledges and consents to such rights of the Committee.
Appears in 9 contracts
Samples: Nonqualified Stock Option Grant Agreement (Crown Crafts Inc), Restricted Stock Grant Agreement (Crown Crafts Inc), Incentive Stock Option Grant Agreement (Crown Crafts Inc)
