Common use of Section 409A Amendment Clause in Contracts

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 50 contracts

Samples: Restricted Stock Unit Award Agreement (Midland States Bancorp, Inc.), Award Agreement (Heritage Financial Corp /Wa/), Restricted Stock Award Agreement (QCR Holdings Inc)

AutoNDA by SimpleDocs

Section 409A Amendment. The Award Option is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 27 contracts

Samples: Incentive Stock Option Award Agreement (Midland States Bancorp, Inc.), Nonqualified Stock Option Award Agreement (Landmark Bancorp Inc), Incentive Stock Option Award Agreement (Landmark Bancorp Inc)

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 14 contracts

Samples: Award Agreement (Heritage Financial Corp /Wa/), Restricted Stock Unit Award Agreement (Trinity Capital Corp), Restricted Stock Unit Award Agreement (Trinity Capital Corp)

Section 409A Amendment. The Award Option is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 5 contracts

Samples: Omnibus Equity Plan (Heritage Financial Corp /Wa/), Nonqualified Stock Option Award Agreement (Heritage Financial Corp /Wa/), Nonqualified Stock Option Award Agreement (Landmark Bancorp Inc)

Section 409A Amendment. The This Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 3 contracts

Samples: Employee Performance Unit Award Agreement (First Community Financial Partners, Inc.), Restricted Stock Unit Award Agreement (Heartland Financial Usa Inc), Heartland Financial Usa Inc

Section 409A Amendment. (a) The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Old Second Bancorp Inc), Old Second Bancorp Inc, Restricted Stock Unit Award Agreement (Old Second Bancorp Inc)

Section 409A Amendment. The Award is intended to be exempt from comply with Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain compliance with, or to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 3 contracts

Samples: Award Agreement (County Bancorp, Inc.), Award Agreement (County Bancorp, Inc.), County Bancorp, Inc.

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee. Section 17.

Appears in 2 contracts

Samples: Midwestone Financial (MidWestOne Financial Group, Inc.), Midwestone Financial (MidWestOne Financial Group, Inc.)

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A 409A, and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Landmark Bancorp Inc), Restricted Stock Unit Award Agreement (Heritage Financial Corp /Wa/)

Section 409A Amendment. The This Award is intended to be exempt from comply with Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, with Code Section 409A; and the Participant hereby acknowledges Participant's receipt of this Award constitutes the Participant's acknowledgement of and consents consent to such rights of the Committee.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Agreement (Heartland Financial Usa Inc), Restricted Stock Unit Agreement (Heartland Financial Usa Inc)

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 2 contracts

Samples: Award Agreement (Heartland Financial Usa Inc), Award Agreement (Heartland Financial Usa Inc)

Section 409A Amendment. The Award is intended to be exempt from from, or otherwise is compliant with, Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Bridgewater Bancshares Inc), Restricted Stock Unit Award Agreement (MidWestOne Financial Group, Inc.)

AutoNDA by SimpleDocs

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including including, but not limited to, the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (First Community Financial Partners, Inc.)

Section 409A Amendment. The (a)The Award is intended to be exempt from comply with Code Section 409A and this Award Agreement shall be administered and interpreted in accordance a manner consistent with such this intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Samples: Old Second Bancorp Inc

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee. Section 15.

Appears in 1 contract

Samples: Award Agreement (Heartland Financial Usa Inc)

Section 409A Amendment. The Award is intended to be exempt from from, or otherwise is compliant with, Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.. Each installment of RSUs shall be considered a separate payment for purposes of Code Section 409A.

Appears in 1 contract

Samples: Midwestone Financial (MidWestOne Financial Group, Inc.)

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A 409A, and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; , and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Landmark Bancorp Inc)

Section 409A Amendment. The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.. Exhibit 10.3

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Alerus Financial Corp)

Section 409A Amendment. The Award is intended to be exempt from comply with Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Appears in 1 contract

Samples: Performance Share Award Agreement (Quality Distribution Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.