No Guarantee of Favorable Tax Treatment. Although the Company intends to administer the Plan so that Awards will be exempt from, or will comply with, the requirements of Code Section 409A, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Code Section 409A or any other provision of federal, state, local, or non-United States law. The Company shall not be liable to any Participant for any tax, interest, or penalties the Participant might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan.
Appears in 5 contracts
Samples: Omnibus Equity and Incentive Compensation Plan (Luther Burbank Corp), Incentive Compensation Plan (Corelogic, Inc.), Incentive Compensation Plan (Wellpoint Inc)
No Guarantee of Favorable Tax Treatment. Although the Company intends to administer that awards under the Plan so that Awards will be exempt from, or will comply with, the requirements of Code Section 409A409A of the Code, the Company does not warrant that any Award award under the Plan will qualify for favorable tax treatment under Code Section 409A of the Code or any other provision of federal, state, local, local or non-United States foreign law. The Company shall not be liable to any Participant participant for any tax, interest, interest or penalties the Participant participant might owe as a result of the grant, holding, vesting, exercise, exercise or payment of any Award award under the Plan.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Red Cat Holdings, Inc.), Subscription Agreement (Majesco Entertainment Co), Purchase and Ipo Reorganization Agreement (Hicks Acquisition CO I Inc.)
No Guarantee of Favorable Tax Treatment. Although the Company intends to administer the Plan so that Awards will be exempt from, or will comply with, the requirements of Code Section 409A, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Code Section 409A or any other provision of federal, state, local, or non-United States law. The the Company shall not be liable to any Participant for any tax, interest, or penalties the Participant might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan.
Appears in 1 contract
Samples: 2015 Omnibus Equity Incentive Plan (EndoChoice Holdings, Inc.)
No Guarantee of Favorable Tax Treatment. Although the Company intends to administer that Awards under the Plan so that Awards will be exempt from, or will comply with, the requirements of Code Section 409A409A of the Code, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Code Section 409A of the Code or any other provision of federal, state, local, local or non-United States f oreign law. The Company shall not be liable to any Participant for any tax, interest, interest or penalties the Participant might owe as a result of the grant, holding, vesting, exercise, exercise or payment of any Award under the Plan.
Appears in 1 contract
Samples: Equity Incentive Plan (Servicesource International, Inc.)
