Common use of 409A Provision Clause in Contracts

409A Provision. For purposes of this agreement the term “termination of employment” and similar terms relating to your termination of employment mean a “separation from service” as that term is defined under Section 409A of the Internal Revenue Code of 1986, as amended, and the final regulations issued thereunder (“Section 409A”). The Company and you intend that this agreement comply in form and operation with the requirements of Section 409A. To the extent permitted by applicable Department of Treasury/Internal Revenue Service guidance, or law or regulation, the Company and you will take reasonable actions to reform this agreement or any actions taken pursuant to their operation of this agreement in order to comply with Section 409A.

409A Provision. For purposes of this agreement Agreement the term “termination of employment” and similar terms relating to your the termination of employment mean a “separation from service” as that term is defined under Section 409A of the Internal Revenue Code of 1986, as amended, and the final regulations issued thereunder (“Section 409A”). The Company and you parties intend that this agreement Agreement comply in form and operation with or be exempt from the requirements of Section 409A. To the extent permitted by applicable Department of Treasury/Internal Revenue Service guidance, or law or regulation, the Company and you parties will take reasonable actions to reform this agreement Agreement or any actions taken pursuant to their operation of this agreement Agreement in order to comply with Section 409A.or be exempt from Section