Common use of Section 409A Matters Clause in Contracts

Section 409A Matters. It is intended that the provisions of the letter agreement comply with, or be exempt from, Code Section 409A, and all provisions of the letter agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section 409A. Notwithstanding the foregoing, the Company shall have no liability with regard to any failure to comply with Code Section 409A so long as it has acted in good faith with regard to compliance therewith.

Appears in 3 contracts

Samples: Employment Agreement (Sarepta Therapeutics, Inc.), Employment Agreement (Sarepta Therapeutics, Inc.), Employment Agreement (Sarepta Therapeutics, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!