Common use of Compliance with Code §409A Clause in Contracts

Compliance with Code §409A. If and to the extent that any provision of this Agreement is required to comply with Code Section 409A, the Company shall have the authority, without the consent of the Executive to interpret and/or amend such provision to maintain to the maximum extent practicable the original intent of the applicable provision without violating the provisions of Code 409A.

Appears in 3 contracts

Samples: Employment Agreement (Arctic Cat Inc), Employment Agreement (Arctic Cat Inc), Change of Control Agreement (Arctic Cat Inc)

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Compliance with Code §409A. If and to the extent that any provision of this Agreement is required to comply with Code Section 409A, the Company shall have the Change in Control Agreement authority, without the consent of the Executive to interpret and/or amend such provision to maintain to the maximum extent practicable the original intent of the applicable provision without violating the provisions of Code Section 409A.

Appears in 1 contract

Samples: Change in Control Agreement (MTS Systems Corp)

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Compliance with Code §409A. If and to the extent that any provision of this Agreement is required to comply with Code Section 409A, the Company shall have the authority, without the consent of the Executive to interpret and/or amend such provision to maintain to the maximum extent practicable the original intent of the applicable provision without violating the provisions of Code Section 409A.

Appears in 1 contract

Samples: Change in Control Agreement (MTS Systems Corp)

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