Performance Based Compensation. Any payment of Common Stock received for the Vested Award Units is intended to qualify as “performance-based compensation” for purposes of Section 162(m) of the Internal Revenue Code, and no action will be taken which would cause such payment to fail to satisfy the requirements of such exemption.
Appears in 6 contracts
Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.), Restricted Stock Unit Award Agreement (Ecolab Inc.), Restricted Stock Unit Award Agreement (Ecolab Inc.)
Performance Based Compensation. Any payment of Common Stock received for the Vested Award Units is intended to qualify as “performance-based compensation” for purposes of Section 162(m) of the Internal Revenue Code, and no action will be taken which would cause such payment to fail to satisfy the requirements of such exemption..
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.)
