Common use of Compliance with Section 409A of the Code Clause in Contracts

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the Grantee. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation without the consent of the Grantee).

Appears in 15 contracts

Samples: Restricted Share Unit Award Agreement (Aci Worldwide, Inc.), Performance Share Award Agreement (Aci Worldwide, Inc.), Restricted Share Unit Award Agreement (Aci Worldwide, Inc.)

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Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Option Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeOptionee. This Option Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Option Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation without the consent of the GranteeOptionee).

Appears in 14 contracts

Samples: Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Supplemental Nonqualified Stock Option Agreement (Aci Worldwide, Inc.)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Option Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeOptionee. This Option Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Option Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation without the consent of the GranteeOptionee).

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Supplemental Nonqualified Stock Option Agreement (Aci Worldwide, Inc.)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeOptionee. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Bank without the consent of the GranteeOptionee).

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (National Commerce Corp), Directors’ Stock Option Agreement (National Commerce Corp)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this the Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeHolder. This The Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of the GranteeHolder).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Owens Corning), Restricted Stock Unit Award Agreement (Owens Corning)

Compliance with Section 409A of the Code. (i) To the extent applicable, it is intended that this the Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeHolder. This The Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of the GranteeHolder).

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Owens Corning)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeParticipant. This Agreement and Section 14.2 and the other provisions of the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the this Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and or effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation without the consent of Participant). Corporation has no duty or obligation to minimize the Grantee).tax consequences

Appears in 1 contract

Samples: Performance Shares Award Agreement (Louisiana-Pacific Corp)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeOptionee. This Agreement and the The Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of any Optionee). The Option shall be subject to the Grantee)foregoing provisions.

Appears in 1 contract

Samples: Employee Stock Option Agreement (National Commerce Corp)

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Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the United States Internal Revenue Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeOptionee. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of the GranteeOptionee).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Oxford Investment Holdings Inc)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the GranteeOptionee. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of the GranteeOptionee).

Appears in 1 contract

Samples: Stock Option Agreement (Orchard Enterprises, Inc.)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1409A(a) (1) of the Code do not apply to the GranteeOptionee. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of the GranteeOptionee).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Transaction Systems Architects Inc)

Compliance with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A of the Internal Revenue Code (the “Code”), so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the Grantee. This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Corporation Company without the consent of the Grantee).

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/)

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