Full Compliance. It is the intent of the parties that all compensation and benefits payable or provided to Executive (whether under this Agreement or otherwise) shall fully comply with, or be exempt from, the requirements of IRC Section 409A, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted in accordance with the foregoing. Employer and Executive agree that they shall cooperate in good faith so that Executive does not incur any tax (including interest and/or penalties) under IRC Section 409A.
Appears in 7 contracts
Samples: Executive Employment Agreement (Tiptree Inc.), Executive Employment Agreement (Tiptree Inc.), Executive Employment Agreement (Tiptree Inc.)
Full Compliance. It is the intent of the parties that all compensation and benefits payable or provided to Executive (whether under this Agreement or otherwise) shall fully comply with, or be exempt from, with the requirements of IRC Section 409A, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted in accordance with the foregoing. and Employer and Executive agree that they shall cooperate in good faith so that Executive does not incur any tax (including interest and/or penalties) under IRC Section 409A.
Appears in 3 contracts
Samples: Executive Employment Agreement (Tiptree Financial Inc.), Executive Employment Agreement (Tiptree Financial Inc.), Executive Employment Agreement (Tiptree Financial Inc.)
