Examples of Applicable Transition Relief in a sentence
Any election pursuant to Paragraph 4(a) or 4(c) shall be in accordance with the Applicable Transition Relief.
To the extent that any Participant receives in 2005 a distribution of all, or any portion of, any Restricted Stock that is not earned and vested as of December 31, 2004 and that is subject to a prior deferral election, such distribution shall be deemed a termination of such Participant’s participation in the Plan with respect to all or such portion of such Restricted Stock, in accordance with the Applicable Transition Relief.
Applicable Transition Relief: The following transition guidance, as applicable, with respect to the application of Section 409A: (a) I.R.S. Notice 2005-1, I.R.B. 274 (published as modified on January 6, 2005), (b) Section XI.C. of the preamble to the proposed Treasury Regulations under Section 409A, (70 F.R. 57930; October 4, 2005), (c) I.R.S. Notice 2006-79, I.R.B. 2006-43 and (d) I.R.S. Notice 2007-86, I.R.B. 2007-46.
To the extent that any Participant receives during calendar year 2005 a distribution of all, or any portion of, his Supplemental Plan Retirement Benefit, such distribution shall be deemed a termination of such Participant’s participation in this Plan with respect to all or such portion of such Participant’s Supplemental Plan Retirement Benefit in accordance with the Applicable Transition Relief.
During the Employment Period, Employee shall serve as the Chief Operating Officer of Employer and shall perform the duties and responsibilities inherent in such position and any other duties consistent with such position as may be reasonable assigned to Employee from time to time by Employer’s Chief Executive Officer or Board of Directors of Employer (“Board”).
All Participant elections and Plan amendments made through December 31, 2006 regarding distribution of the Contingent Award Account shall be pursuant to the Applicable Transition Relief.
To the extent that any Participant receives in 2005 a distribution of all, or any portion of, the balance in the Participant’s 409A Accounts, such distribution shall be deemed a termination of such Participant’s participation in the Plan with respect to all or such portion of the Participant’s 409A Accounts, in accordance with to the Applicable Transition Relief.
To the extent that any Participant receives during calendar year 2005 a distribution of all, or any portion of, his Account, such distribution shall be deemed a termination of such Participant’s participation in this Plan with respect to all or such portion of such Participant’s Account in accordance with the Applicable Transition Relief.
Participant payment elections permitted by Article IV and the amendments to Article IV regarding the time and form of payment of the Supplemental Plan Retirement Benefit and Supplemental Plan Preretirement Death Benefit shall be pursuant to the Applicable Transition Relief Notice.
The time and form of payment of the Account of a Participant who commences payment prior to January 1, 2007 shall be linked to the time and form of payment of such Participant’s account under the Savings Plan in accordance with the Applicable Transition Relief.