Common use of No Deferral Features Clause in Contracts

No Deferral Features. To the extent necessary to comply with Code Section 409A, the SAR Agreement shall not include any features allowing the Participant to defer recognition of income past the date of exercise.

Appears in 4 contracts

Samples: 2006 Long Term Incentive Plan (Mastercard Inc), Sar Agreement, 2006 Long Term Incentive Plan (Mastercard Inc)

AutoNDA by SimpleDocs

No Deferral Features. To the extent necessary to comply with Code Section section 409A, the SAR Agreement shall not include any features allowing the Participant to defer recognition of income past the date of exercise.

Appears in 1 contract

Samples: 2006 Long Term Incentive Plan (Mastercard Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!