Common use of No Compensation Deferrals Clause in Contracts

No Compensation Deferrals. Neither the Plan nor this Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to ensure that no awards (including without limitation, the SSARs) become subject to the requirements of Section 409A.

Appears in 5 contracts

Samples: Stock Appreciation Rights Agreement (TRW Automotive Holdings Corp), Stock Appreciation Rights Agreement (TRW Automotive Holdings Corp), Stock Appreciation Rights Agreement (TRW Automotive Holdings Corp)

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No Compensation Deferrals. Neither the Plan nor this Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amendedamended from time to time (the “Code”). The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to ensure that no awards (including without limitation, the SSARsthis Option) become subject to the requirements of Section 409A.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Plumas Bancorp), Nonqualified Stock Option Agreement (Plumas Bancorp), Stock Option Grant Agreement (J Crew Group Inc)

No Compensation Deferrals. Neither the Plan nor this Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amendedamended from time to time. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to ensure that no awards (including without limitation, the SSARsthis Option) become subject to the requirements of Section 409A.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Campbell Soup Co), Nonqualified Stock Option Agreement (Campbell Soup Co)

No Compensation Deferrals. Neither the Plan nor this Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amendedCode. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to ensure that no awards (including without limitation, the SSARsOption) become subject to the requirements of Section 409A.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (TRW Automotive Holdings Corp)

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No Compensation Deferrals. Neither the Plan nor this Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amendedCode. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to ensure that no awards (including without limitation, the SSARs) become subject to the requirements of Section 409A.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (TRW Automotive Holdings Corp)

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