Common use of Full Compliance Clause in Contracts

Full Compliance. It is the intent of the Parties that all compensation and benefits payable or provided to the Executive (whether under this Agreement or otherwise) shall fully comply with the requirements of Code Section 409A. The Company agrees that it will not, without the Executive’s prior written consent, take any action, or refrain from taking any action, that would result in the imposition of tax, interest and/or penalties upon the Executive under Code Section 409A, and that it will hold the Executive harmless if any action it takes results in the imposition of such tax, interest and/or penalties.

Full Compliance. It is the intent of the Parties parties that all compensation and benefits payable or provided to the Executive EXECUTIVE (whether under this Agreement or otherwise) shall fully comply with the requirements of Code Section 409A. The Company agrees that it will not, without the ExecutiveEXECUTIVE’s prior written consent, take any action, or refrain from taking any action, that would result in the imposition of tax, interest and/or penalties upon the Executive EXECUTIVE under Code Section 409A, and that it will hold the Executive EXECUTIVE harmless if any action it takes results in the imposition of such tax, interest and/or penalties.

Full Compliance. It is the intent of the Parties parties that all compensation and benefits payable or provided to the Executive CEO (whether under this Agreement or otherwise) shall fully comply with the requirements of Code Section 409A. The Company agrees that it will not, without the ExecutiveCEO’s prior written consent, take any action, or refrain from taking any action, that would result in the imposition of tax, interest and/or penalties upon the Executive CEO under Code Section 409A, and that it will hold the Executive CEO harmless if any action it takes results in the imposition of such tax, interest and/or penalties.