Common use of Compliance With Code Section 162(m) Clause in Contracts

Compliance With Code Section 162(m). At all times when the Company determines that compliance with Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”) is required or desired, the Restricted Stock if granted to a Named Executive Officer shall comply with the requirements of Code Section 162(m). In addition, in the event that changes are made to Code Section 162(m) to permit greater flexibility with respect to this Agreement the Company may, subject to this Section 6, make any adjustments it deems appropriate.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Octagon 88 Resources, Inc.), Restricted Stock Award Agreement (Far East Wind Power Corp.)

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Compliance With Code Section 162(m). At all times when the Company SURE determines that compliance with Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”) is required or desired, the Restricted Stock if granted to a Named Executive Officer shall comply with the requirements of Code Section 162(m). In addition, in the event that changes are made to Code Section 162(m) to permit greater flexibility with respect to this Agreement the Company Agreement, SURE may, subject to this Section 6, make any adjustments it deems appropriate.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sonora Resources Corp.)

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Compliance With Code Section 162(m). At all times when the Company FEWP determines that compliance with Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code") is required or desired, the Restricted Stock if granted to a Named Executive Officer shall comply with the requirements of Code Section 162(m). In addition, in the event that changes are made to Code Section 162(m) to permit greater flexibility with respect to this Agreement the Company FEWP may, subject to this Section 6, make any adjustments it deems appropriate.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Far East Wind Power Corp.)

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