Common use of Trust Funding Restrictions Clause in Contracts

Trust Funding Restrictions. Notwithstanding the general rules of this Trust Agreement, including but not limited to the funding obligations of Section 1.2, the Company’s obligation to establish and make payments to the Trust (but not the Company’s obligations to make payment to an Executive or Beneficiary when called for by an Executive Compensation Plan) is subject to the restrictions of Section 409A(b) of the Code as follows:

Appears in 4 contracts

Samples: Executive Severance Agreement (SpartanNash Co), Executive Severance Agreement (SpartanNash Co), Executive Severance Agreement (SpartanNash Co)

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