Exemption from Code Section 409A. Notwithstanding any provision of the Plan or this Agreement to the contrary, the Award is intended to be exempt from Code Section 409A and the interpretive guidance thereunder. The Plan and the Agreement will be construed and interpreted in accordance with such intent. References in the Plan and this Agreement to “termination of Service” and similar terms shall mean a “separation from service” within the meaning of that term under Code Section 409A.
Appears in 5 contracts
Samples: Agreement, SPX Flow Stock Compensation Plan (SPX FLOW, Inc.), SPX Flow Stock Compensation Plan (SPX FLOW, Inc.)
Exemption from Code Section 409A. Notwithstanding any provision of the Plan or this Agreement to the contrary, the Award is intended to be exempt from Code Section 409A and the interpretive guidance thereunder. 409A. The Plan and the Agreement will be construed and interpreted in accordance with such intent. References in the Plan and this Agreement to “termination of Service” and similar terms shall mean a “separation from service” within the meaning of that term under Code Section 409A.
Appears in 4 contracts
Samples: Stock Option Agreement (SPX Corp), SPX Flow Stock Compensation Plan (SPX FLOW, Inc.), SPX Flow Stock Compensation Plan (SPX FLOW, Inc.)
Exemption from Code Section 409A. Notwithstanding any provision of the Plan or this Agreement to the contrary, the Award is intended to be exempt from Code Section 409A and the interpretive guidance thereunder. 409A. The Plan and the Agreement will shall be construed and interpreted in accordance with such intent. References in the Plan and this Agreement to “termination of Service” and similar terms shall mean a “separation from service” within the meaning of that term under Code Section 409A.
Appears in 1 contract
