Common use of Sect Clause in Contracts

Sect. 1.409A-1(h)(3) and the presumptions under Treas. Reg. Sect. 1.409A-1(h)(1)(ii). For avoidance of doubt, a Participant who remains employed with the Employer does not incur a separation from service solely because the Company at a later time no longer holds a direct or indirect 20% ownership interest in the Employer.

Appears in 10 contracts

Samples: Special Retention Restricted Stock Unit Agreement (Premier, Inc.), Restricted Stock Unit Agreement (Premier, Inc.), Special Restricted Stock Unit Agreement (Premier, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!