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

Internal Revenue Code Section 409A. This Agreement shall be interpreted, operated, and administered in a manner so as not to subject Participant to the assessment of additional taxes or interest under Code section 409A to the extent such Participant or any payment under this Agreement is subject to U.S. tax laws, and this Agreement shall be amended as the Company, in its sole discretion, determines is necessary and appropriate to avoid the application of any such taxes or interest.

Appears in 10 contracts

Samples: Time Lapse Restricted Stock Unit Agreement (Campbell Soup Co), Performance Stock Unit Agreement (Campbell Soup Co), Performance Restricted Stock Unit Agreement (Campbell Soup Co)

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Internal Revenue Code Section 409A. This Agreement shall be interpreted, operated, and administered in a manner so as not to subject Participant Grantee to the assessment of additional taxes or interest under Code section 409A to the extent such Participant Grantee or any payment under this Agreement is subject to U.S. tax laws, and this Agreement shall be amended as the Company, in its sole discretion, determines is necessary and appropriate to avoid the application of any such taxes or interest.

Appears in 6 contracts

Samples: Performance Restricted Stock Unit Agreement (CAMPBELL'S Co), Performance Restricted Stock Unit Agreement (CAMPBELL'S Co), Performance Restricted Stock Unit Agreement (Campbell Soup Co)

Internal Revenue Code Section 409A. This Agreement shall be interpreted, operated, and administered in a manner so as not to subject Participant Grantee to the assessment of additional taxes or interest under Code section Section 409A to the extent such Participant Grantee or any payment under this Agreement is subject to U.S. tax laws, and this Agreement shall be amended as the Company, in its sole discretion, determines is necessary and appropriate to avoid the application of any such taxes or interest.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Campbell Soup Co), Time Lapse Restricted Stock Unit Agreement (Campbell Soup Co)

Internal Revenue Code Section 409A. This Agreement shall be interpreted, operated, and administered in a manner so as not to subject Participant Grantee to the assessment of additional taxes or interest under Code section 409A to the extent such Participant Grantee or any payment under this Agreement is subject to U.S. tax laws, and this Agreement shall be amended as the Company, in its sole discretion, determines is necessary and appropriate to avoid the application of any such taxes or interest.. LTI Grant Agreement 3 Exhibit 10.3

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Campbell Soup Co)

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Internal Revenue Code Section 409A. This Agreement shall be interpreted, operated, and administered in a manner so as not to subject Participant Grantee to the assessment of additional taxes or interest under Code section 409A to the extent such Participant Grantee or any payment under this Agreement is subject to U.S. tax laws, and this Agreement shall be amended as the Company, in its sole discretion, determines is necessary and appropriate to avoid the application of any such taxes or interest.. LTI Grant Agreement 3 Exhibit 10.4

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Campbell Soup Co)

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