Prohibition of Offsets. Except as permitted under Section 409A of the Code, any deferred compensation (within the meaning of Section 409A of the Code) payable to or for the benefit of the Executive under any Company Plan may not be reduced by, or offset against, any amount owing by the Executive to the Company or any Related Company.
Appears in 13 contracts
Samples: Employment Agreement (Brunswick Corp), Employment Agreement (Brunswick Corp), Employment Agreement (Brunswick Corp)
Prohibition of Offsets. Except as permitted under Section 409A of the Code409A, any deferred compensation (within the meaning of Section 409A of the Code409A) payable to or for the benefit of the Executive under any Company Plan may not be reduced by, or offset against, any amount owing by the Executive to the Company or any Related Companyaffiliate thereof.
Appears in 1 contract
Samples: Employment Agreement (Brinks Co)
