Code Section 409A definition

Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

Code Section 409A means section 409A of the Internal Revenue Code and the regulations thereunder.

Code Section 409A means the provisions of Section 409A of the Code and any rules, regulations and guidance promulgated thereunder, as modified from time to time.

Examples of Code Section 409A in a sentence

• Notwithstanding anything to the contrary in the Plan or this Agreement, neither the Company, its Affiliates, the Board, nor the Committee will have any obligation to take any action to prevent the assessment of any excise tax or penalty on Grantee under Code Section 409A, and neither the Company, its Affiliates, the Board, nor the Committee will have any liability to Grantee for such tax or penalty.

• The Executive acknowledges that in no event will the Employer be liable to the Executive for any taxes resulting from the Executive’s participation in the Agreement, including any additional penalty, excise or other taxes that might be imposed as a result of Code Section 409A.

• Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409A, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time.

• Notwithstanding anything to the contrary in Section 6.3, and subject to the requirements of Code Section 409A and Treasury Regulations §1.409A-3(j)(4)(ix), at certain times the Employer may completely terminate and liquidate the Agreement.

• The Employer and the Executive intend that the Agreement comply with the provisions of Code Section 409A to prevent the inclusion in gross income of any amounts deferred hereunder in a taxable year prior to the year in which amounts are actually paid to the Executive or Beneficiary.

More Definitions of Code Section 409A

Code Section 409A means Section 409A of the Code together with the treasury regulations and other official guidance promulgated thereunder.

Code Section 409A means the provisions of Section 409A of the Code and any rules, regulations and guidance promulgated thereunder.

Code Section 409A means Section 409A of the Code and all regulations issued thereunder and applicable guidance thereto.

Code Section 409A means Section 409A of the Code and applicable regulations and guidance issued thereunder;

Code Section 409A means Section 409A of the Code.

Code Section 409A means, collectively, section 409A of the Code and any Treasury and Internal Revenue Service regulations and guidance issued thereunder.

Code Section 409A means Section 409A of the Code and all applicable regulations and other guidance issued under or related to Section 409A of the Code.