Common use of Section 409A Additional Tax Clause in Contracts

Section 409A Additional Tax. A payment may be accelerated if the Plan fails to meet the requirements of Code Section 409A; provided that such payment may not exceed the amount required to be included in income as a result of the failure to comply with the requirements of Code Section 409A.

Appears in 7 contracts

Samples: Adoption Agreement (BSB Bancorp, Inc.), Deferred Compensation Plan (Lsi Corp), Adoption Agreement (Markel Corp)

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Section 409A Additional Tax. A payment may be accelerated if the Plan fails to meet the requirements of Code Section 409A; provided that such payment may not exceed the amount required to be included in income as a result of the failure to comply with the requirements of Code Section 409A.

Appears in 1 contract

Samples: Non Qualified Deferred Compensation Plan (Amylin Pharmaceuticals Inc)

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