Common use of Entire Notice; Amendment; Code Section 409A Provisions Clause in Contracts

Entire Notice; Amendment; Code Section 409A Provisions. This Agreement and the Plan contain the terms and conditions with respect to the subject matter hereof and supersede any previous agreements, written or oral, relating to the subject matter hereof. This Agreement shall be interpreted in accordance with Code Section 409A. This Agreement shall be deemed to be modified to the maximum extent necessary to be in compliance with Code Section 409A’s rules. If the Employee is unexpectedly required to include in the Employee’s current year’s income any amount of compensation relating to the Performance Share Units because of a failure to meet the requirements of Code Section 409A, then to the extent permitted by Code Section 409A, the Employee may receive a distribution of Shares or cash in an amount not to exceed the amount required to be included in income as a result of the failure to comply with Code Section 409A.

Appears in 4 contracts

Samples: 2018 Performance Share Unit Grant Agreement (Huntington Bancshares Inc/Md), 2016 Performance Share Unit Grant Agreement (Huntington Bancshares Inc/Md), Grant Agreement (Huntington Bancshares Inc/Md)

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