Common use of Tax Treatment; Section 409A Clause in Contracts

Tax Treatment; Section 409A. You may incur tax liability as a result of the receipt of Restricted Stock Units and payments thereunder. You should consult your own tax adviser for tax advice. You acknowledge that the Committee, in the exercise of its sole discretion and without your consent, may amend or modify the Grant Document in any manner, and delay the payment of any amounts thereunder, to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. The Company will provide you with notice of any such amendment or modification. This Section does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments or to take any other actions or to indemnify you for any failure to do so.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.)

AutoNDA by SimpleDocs

Tax Treatment; Section 409A. You may incur tax liability as a result of the receipt of Restricted Performance Stock Units and payments thereunder. You should consult your own tax adviser for tax advice. You acknowledge that the CommitteeAdministrator, in the exercise of its sole discretion and without your consent, may amend or modify the Grant Document Award Documents in any manner, and delay the payment of any amounts thereunder, to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. 409A. The Company will provide you with notice of any such amendment or modification. This Section 6 does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments or to take any other actions or to indemnify you for any failure to do so.

Appears in 4 contracts

Samples: Stock Unit Award Agreement (Servicesource International, Inc.), Stock Unit Award Agreement (Servicesource International, Inc.), Stock Unit Award Agreement (Mesa Laboratories Inc /Co/)

Tax Treatment; Section 409A. You may incur tax liability as a result of the receipt of Restricted Stock Units and payments thereunder. You should consult your own tax adviser for tax advice. You acknowledge that the CommitteeAdministrator, in the exercise of its sole discretion and without your consent, may amend or modify the Grant Document Award Documents in any manner, and delay the payment of any amounts thereunder, to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. 409A. The Company will provide you with notice of any such amendment or modification. This Section 6 does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments or to take any other actions or to indemnify you for any failure to do so.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Servicesource International, Inc.), Restricted Stock Unit Award Agreement (Mesa Laboratories Inc /Co/), Restricted Stock Unit Award Agreement (Servicesource International, Inc.)

Tax Treatment; Section 409A. You may incur tax liability as a result of the receipt of Restricted Stock Units and payments thereunder. You should consult your own tax adviser for tax advice. You acknowledge that the CommitteeAdministrator, in the exercise of its sole discretion and without your consent, may amend or modify the Grant Document Documents in any manner, and delay the payment of any amounts thereunder, to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. The Company will provide you with notice of any such amendment or modification. This Section does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments or to take any other actions or to indemnify you for any failure to do so.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.)

AutoNDA by SimpleDocs

Tax Treatment; Section 409A. You may incur tax liability as a result of the receipt of Restricted the Performance Stock Units Unit award and payments thereunder. You should consult your own tax adviser for tax advice. You acknowledge that the CommitteeAdministrator, in the exercise of its sole discretion and without your consent, may amend or modify the Grant Document Documents in any manner, and delay the payment of any amounts thereunder, to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. The Company will provide you with notice of any such amendment or modification. This Section does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments or to take any other actions or to indemnify you for any failure to do so.

Appears in 1 contract

Samples: PDC Energy, Inc.

Tax Treatment; Section 409A. You may incur tax liability as a result of the receipt of Restricted Stock Units and payments thereunder. You should consult your own tax adviser for tax advice. You acknowledge that the CommitteeAdministrator, in the exercise of its sole discretion and without your consent, may amend or modify the Grant Document in any manner, and delay the payment of any amounts thereunder, to the minimum extent necessary to satisfy the requirements of Section 409A of the Code. The Company will provide you with notice of any such amendment or modification. This Section does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments or to take any other actions or to indemnify you for any failure to do so.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (PDC Energy, Inc.)

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