Section 16; Taxes and Section 409A Clause Samples

Section 16; Taxes and Section 409A. If Participant is subject Section 16 of the Exchange Act, any action by the Committee to convert the Award into Equity Awards pursuant to this Section 4 shall be effected in accordance with Rule 16b-3 under the Exchange Act so as to exempt such conversion from matching under the short-swing profit recovery provisions of Section 16(b)