Common use of Compliance With IRC 409A Clause in Contracts

Compliance With IRC 409A. In the event of any ambiguity in terms, or in the event further clarification of any term or provision is necessary, all interpretations and payouts of benefits based thereon shall be in accordance with IRC 409A and any related notices or guidance thereon.

Appears in 7 contracts

Samples: Deferred Fee Agreement (Santa Lucia Bancorp), Salary Continuation Agreement (Santa Lucia Bancorp), Deferred Fee Agreement (Santa Lucia Bancorp)

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Compliance With IRC 409A. In the event of any ambiguity in terms, or in the event further clarification of any term or provision is necessary, all interpretations and payouts of benefits based thereon shall be in accordance with IRC 409A and any related notices or guidance thereon.409A.

Appears in 2 contracts

Samples: Deferred Fee Agreement (Heritage Commerce Corp), Deferred Fee Agreement (Heritage Commerce Corp)

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