Common use of Unforeseeable Emergency Clause in Contracts

Unforeseeable Emergency. The Committee may, in its sole and absolute discretion and subject to the requirements and restrictions under Section 409A of the Code, make a partial or total distribution of the Shares or cash deferred by a Participant upon the Participant’s request and a demonstration by the Participant of an “unforeseeable emergency” (as defined in Section 409A of the Code).

Appears in 6 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Schneider National, Inc.), Performance Based Restricted Stock Unit Award Agreement (Schneider National, Inc.), Restricted Stock Unit Award Agreement (Schneider National, Inc.)

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Unforeseeable Emergency. The Committee may, in its sole and absolute discretion and subject to the requirements and restrictions under Section 409A of the Code409A, make a partial or total distribution of the Shares or cash deferred by a Participant upon the Participant’s 's request and a demonstration by the Participant of an “unforeseeable emergency” "Unforeseeable Emergency" (as defined in Section 409A of the Code409A).

Appears in 3 contracts

Samples: Performance Share Award Agreement (Cit Group Inc), Performance Share Award Agreement (Cit Group Inc), Performance Share Award Agreement (Cit Group Inc)

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Unforeseeable Emergency. The Committee may, in its sole and absolute discretion and subject to the requirements and restrictions under Section 409A of the Code409A, make a partial or total distribution of the Shares or cash deferred by a Participant upon the Participant’s 's request and a demonstration by the Participant of an “unforeseeable emergency” "Unforeseeable Emergency" (as defined in Section 409A of the Code409A).

Appears in 1 contract

Samples: Rsu Award Agreement (Cit Group Inc)

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