Common use of No Guarantee of Favorable Tax Treatment Clause in Contracts

No Guarantee of Favorable Tax Treatment. Although the Company intends to administer this Agreement so that any Cash Payments will be exempt from, or will comply with, the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Company does not warrant that any Cash Payments made under this Agreement will qualify for favorable tax treatment under Section 409A of the Code or any other provision of federal, state, local or foreign law. The Company shall not be liable to the Grantee for any tax, interest, or penalties that Grantee might owe as a result of any Cash Payments made under this Agreement.

Appears in 5 contracts

Samples: Performance Cash Award Agreement (Healthways, Inc), Performance Cash Award Agreement (Healthways, Inc), Performance Cash Award Agreement (Healthways, Inc)

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