Section 409A Authority definition

Section 409A Authority means Section 409A of the Code, the final Treasury Regulations and any further guidance issued by the Internal Revenue Service.
Sample 1Sample 2
Section 409A Authority means the requirements of paragraphs (a)(2), (a)(3), and (a)(4) of Section 409A of the Code, as interpreted by IRS Notice 2005-1, Prop. Regs. 1.409A-1, et seq., and any further guidance issued by the Internal Revenue Service.
Sample 1Sample 2
Section 409A Authority means Section 409A of the Code and the final Treasury regulations and guidance issued thereunder.
Sample 1Sample 2

Examples of Section 409A Authority in a sentence

  • The Employment Agreement, as amended by this Amendment, shall be construed and interpreted to comply with the requirements of Section 409A of the Code and the Section 409A Authority.

  • Awards granted under the Plan are intended either to be exempt from the provisions of Section 409A Authority or to satisfy those provisions, and the Plan and such Awards shall be construed accordingly.

  • Notwithstanding anything to the contrary in this Agreement, no severance pay or benefits to be paid or provided to Executive, if any, pursuant to this Agreement, when considered together with any other severance payments or separation benefits that are considered deferred compensation under Section 409A Authority will be paid or otherwise provided until Executive has a “separation from service” within the meaning of Section 409A Authority.

  • Notwithstanding the foregoing, subject to the limitations of applicable law, if any, and without the affected Participant’s consent, the Board may amend the terms of any one or more Awards if necessary to maintain the qualified status of an Award as an Incentive Stock Option or to increase the likelihood of exemption from or compliance with the provisions of Section 409A Authority.

  • Any such adjustments shall be done on terms and conditions consistent with any applicable Section 409A Authority.

Related to Section 409A Authority

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

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

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Guidance means any guidance issued or updated by the UK Government from time to time in relation to the Regulations;

  • Treasury Regulations means the regulations promulgated under the Code.

  • Code means the Internal Revenue Code of 1986, as amended.