Section 409A Limitation. The Company shall have no liability to the Optionee or any other person if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the additional conditions applicable to nonqualified deferred compensation under Section 409A of the Code.
Appears in 5 contracts
Samples: Stock Option Agreement (Max Capital Group Ltd.), Non Qualified Stock Option Agreement (Max Capital Group Ltd.), Stock Option Agreement (Max Capital Group Ltd.)
