Section 409A Amendment. The SAR 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 4 contracts
Samples: Stock Appreciation Right Award Agreement (County Bancorp, Inc.), Stock Appreciation Right Award Agreement (Level One Bancorp Inc), Stock Appreciation Right Award Agreement (West Bancorporation Inc)
