Nonqualified Deferred Compensation Rules. In the event this Award fails to meet the limitations, requirements or exemptions of or from section 409A of the Code, or the laws, rules, and regulations promulgated in connection with section 409A of the Code, then this Award shall be modified by the Committee, in its sole discretion, to the limited extent necessary to satisfy such nonqualified deferred compensation rules.
Appears in 6 contracts
Samples: Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC)
Nonqualified Deferred Compensation Rules. In the event this Award fails to meet the limitations, requirements or exemptions of or from section Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or the laws, rules, and regulations promulgated in connection with section Section 409A of the Code, then this Award shall be modified by the Committee, in its sole discretion, to the limited extent necessary to satisfy such nonqualified deferred compensation rules.
Appears in 4 contracts
Samples: Restricted Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Restricted Unit Award Agreement (Vanguard Natural Resources, LLC)
Nonqualified Deferred Compensation Rules. In the event this Award fails to meet the limitations, requirements requirements, or exemptions of or from section 409A of the Code, Code or the laws, rules, and regulations promulgated in connection with section 409A of the Code, then this Award shall be modified by the Committee, in its sole discretion, to the limited extent necessary to satisfy such nonqualified deferred compensation rules.
Appears in 3 contracts
Samples: Restricted Unit Award Agreement (Vanguard Natural Resources, LLC), Restricted Unit Award Agreement (Vanguard Natural Resources, LLC), Restricted Unit Award Agreement (Vanguard Natural Resources, LLC)
Nonqualified Deferred Compensation Rules. In the event this Award fails to meet the limitations, requirements or exemptions of or from section Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or the laws, rules, and regulations promulgated in connection with section Section 409A of the Code, then this Award shall be modified by the CommitteeCompany, in its sole discretion, to the limited extent necessary to satisfy such nonqualified deferred compensation rules.
Appears in 2 contracts
Samples: Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Restricted Unit Award Agreement (Vanguard Natural Resources, LLC)
