Common use of Code §409A Compliance Clause in Contracts

Code §409A Compliance. If the Company or Executive believes, at any time, that this Agreement does not comply with Code § 409A, it will promptly advise the other party and both parties will negotiate reasonably and in good faith to amend the terms of the Agreement so that it complies with the most limited possible economic effect on the Company and Executive.

Appears in 2 contracts

Sources: Change in Control Agreement (Riverview Bancorp Inc), Change in Control Agreement (Riverview Bancorp Inc)

Code §409A Compliance. If the Company or Executive believes, at any time, that this Agreement does not comply with Code § 409A, it will promptly advise the other party party, and both parties will negotiate reasonably and in good faith to amend the terms of the Agreement so that it complies with the most limited possible economic effect on the Company and Executive.

Appears in 2 contracts

Sources: Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc)