Amounts Not Subject to Code Section 409A Sample Clauses
The 'Amounts Not Subject to Code Section 409A' clause defines which payments or benefits under an agreement are excluded from the requirements of Section 409A of the Internal Revenue Code, which governs the taxation of deferred compensation. Typically, this clause clarifies that certain short-term payments, reimbursements, or other specified compensation arrangements do not fall under the complex rules of Section 409A. By doing so, it helps ensure that these amounts are not inadvertently subjected to additional tax penalties or compliance burdens, thereby providing clarity and reducing risk for both parties regarding tax treatment.
Amounts Not Subject to Code Section 409A. Except as otherwise indicated by the Plan Sponsor in Section 1.01 of the Adoption Agreement, amounts deferred before January 1, 2005 that are earned and vested on December 31, 2004 will be separately accounted for and administered in accordance with the terms of the Plan as in effect on December 31, 2004.
Amounts Not Subject to Code Section 409A. As provided in Section 1.01 of the Adoption Agreement, all amounts deferred under the Plan before January 1, 2008, including amounts not subject to Code Section 409A, will be administered in accordance with the terms of this amended and restated Plan document on and after the Amendment Effective Date.