Common use of Special Distribution Rules to Comply with Code Section 409A Clause in Contracts

Special Distribution Rules to Comply with Code Section 409A. In the event that any Restricted Stock Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”),(1) the timing of settlement of such Restricted Stock Units (hereinafter defined as “409A RSUs” will be subject to applicable limitations under Code Section 409A and Section 19(a) of the Plan, including the following restrictions on settlement: (i) The “six-month delay rule”

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Magellan Health Services Inc), Restricted Stock Unit Agreement (Magellan Health Services Inc)

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Special Distribution Rules to Comply with Code Section 409A. In the event that any Restricted Stock Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”),(1) Code”), the timing of settlement of such Restricted Stock Units (hereinafter defined as “409A RSUs000X XXXx” will be subject to applicable limitations under Code Section 409A and Section 19(a) of the Plan, including the following restrictions on settlement: (i) The “six-month delay rule”

Appears in 1 contract

Samples: Employment Agreement (Magellan Health Inc)

Special Distribution Rules to Comply with Code Section 409A. In the event that any Restricted Stock Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”),(1) Code”), the timing of settlement of such Restricted Stock Units (hereinafter defined as “409A RSUs” will be subject to applicable limitations under Code Section 409A and Section 19(a) of the Plan, including the following restrictions on settlement: (i) The “six-month delay rule”

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Magellan Health Services Inc)

Special Distribution Rules to Comply with Code Section 409A. In the event that any Restricted Stock Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”),(1) the timing of settlement of such Restricted Stock Units (hereinafter defined as “409A RSUs”) will be subject to applicable limitations under Code Section 409A and Section 19(a) of the Plan, including the following restrictions on settlement: (i) The “six-month delay rule”

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Magellan Health Services Inc)

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Special Distribution Rules to Comply with Code Section 409A. In the event that any Restricted Stock Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”),(1) Code”),1 the timing of settlement of such Restricted Stock Units (hereinafter defined as “409A RSUs” will be subject to applicable limitations under Code Section 409A and Section 19(a) of the Plan, including the following restrictions on settlement: (i) The “six-month delay rule”

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Magellan Health Services Inc)

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