Common use of Internal Revenue Code Section 409A Clause in Contracts

Internal Revenue Code Section 409A. Notwithstanding anything in the Plan or this Agreement to the contrary, the Award of RSUs granted hereunder is intended to meet any applicable requirements for compliance under, or exemption from, Code Section 409A and this Agreement shall be construed and administered accordingly. However, notwithstanding anything in this Agreement to the contrary, the Company makes no representations or warranties as to the tax effects of payments made to the Grantee (or the Grantee’s estate) pursuant to this Agreement, and any and all tax consequences incident to such shall solely be the responsibility of the Grantee (or the Grantee’s estate).

Appears in 13 contracts

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp), Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp), Restricted Stock Unit Award Agreement (Firstenergy Corp)

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Internal Revenue Code Section 409A. Notwithstanding anything in the Plan or this Agreement to the contrary, the Award of RSUs granted hereunder is intended to meet any applicable requirements for compliance under, or exemption from, Code Section 409A and this Agreement shall be construed and administered accordingly. However, notwithstanding anything in this Agreement to the contrary, the Company makes no representations or warranties as to the tax effects of payments made to the Grantee (or any of the Grantee’s estatebeneficiaries) pursuant to this Agreement, and any and all tax consequences incident to such shall solely be the responsibility of the Grantee (or the Grantee’s estate)any beneficiary.

Appears in 4 contracts

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.), Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.), Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.)

Internal Revenue Code Section 409A. Notwithstanding anything in the Plan or this Agreement to the contrary, the Award of RSUs granted hereunder is intended to meet any applicable requirements for compliance under, or exemption from, Code Section 409A and this Agreement shall be construed and administered accordingly. However, notwithstanding anything in this Agreement to the contrary, the Company makes no representations or warranties as to the tax effects of payments made to the Grantee (or the GranteeXxxxxxx’s estate) pursuant to this Agreement, and any and all tax consequences incident to such shall solely be the responsibility of the Grantee (or the Grantee’s estate).

Appears in 2 contracts

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp), Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp)

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Internal Revenue Code Section 409A. Notwithstanding anything in the Plan or this Agreement to the contrary, the Award of RSUs granted hereunder is intended to meet any applicable requirements for compliance under, or exemption from, Code Section 409A and this Agreement shall be construed and administered accordingly. However, notwithstanding anything in this Agreement to the contrary, the Company makes no representations or warranties as to the tax effects of payments made to the Grantee (or the Grantee’s estate) pursuant to this Agreement, and any and all tax consequences incident to such shall solely be the responsibility of the Grantee (or the Grantee’s estate).

Appears in 1 contract

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.)

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