Common use of No Compensation Deferrals Clause in Contracts

No Compensation Deferrals. Neither the Plan nor this Agreement are intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of 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 this Agreement to ensure that no award (including, without limitation, the Restricted Stock Units) become subject to the requirements of Section 409A, provided, however, that the Company makes no representation that the Restricted Stock Units are not subject to Section 409A nor makes any undertaking to preclude Section 409A from applying to the Restricted Stock Units.

No Compensation Deferrals. Neither the Plan nor this Agreement are is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the United States Internal Revenue Code of 1986, as amended (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 and/or this Agreement to ensure that no award awards (including, including without limitation, the Restricted Stock Units) become subject to the requirements of Section 409A, provided, however, 409A provided however that the Company makes no representation that the this Restricted Stock Units are Unit is not subject to Section 409A nor makes any undertaking to preclude Section 409A from applying to the this Restricted Stock UnitsUnit.

No Compensation Deferrals. Neither the Plan nor this Agreement are 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 “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 and/or this Agreement to ensure that no award awards (including, including without limitation, the Restricted Stock Units) become subject to the requirements of Section 409A, provided, however, provided however that the Company makes no representation that the this Restricted Stock Units are Unit is not subject to Section 409A nor makes any undertaking to preclude Section 409A from applying to the this Restricted Stock UnitsUnit.