Common use of Section 409A of the Internal Revenue Code Clause in Contracts

Section 409A of the Internal Revenue Code. The shares of Restricted Stock granted hereunder are intended to avoid the potential adverse tax consequences to the Recipient of Section 409A of the Internal Revenue Code and the Committee may make such modifications to this Agreement as it deems necessary or advisable to avoid such adverse tax consequences.

Appears in 11 contracts

Samples: Restricted Stock Agreement (Soluna Holdings, Inc), Restricted Stock Agreement (Soluna Holdings, Inc), Restricted Stock Agreement (Soluna Holdings, Inc)

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Section 409A of the Internal Revenue Code. The shares of Restricted Stock granted hereunder are intended to avoid the potential adverse tax consequences to the Recipient of Section 409A of the Internal Revenue Code of 1986, as amended, and the Committee or Board may make such modifications to this Agreement as it deems necessary or advisable to avoid such adverse tax consequences.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Soluna Holdings, Inc), Restricted Stock Agreement (Mechanical Technology Inc)

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