{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [4, 25]}, {"key": "benefits-under-this-agreement", "type": "clause", "offset": [47, 76]}, {"key": "comply-with", "type": "clause", "offset": [77, 88]}, {"key": "section-409a-of-the-code", "type": "clause", "offset": [108, 132]}, {"key": "exemption-from", "type": "clause", "offset": [219, 233]}, {"key": "compliance-with", "type": "definition", "offset": [238, 253]}, {"key": "the-requirements", "type": "clause", "offset": [255, 271]}, {"key": "code-section-409a", "type": "clause", "offset": [275, 292]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [298, 321]}, {"key": "to-the-extent", "type": "clause", "offset": [424, 437]}, {"key": "date-of-termination", "type": "definition", "offset": [546, 565]}, {"key": "specified-employee", "type": "definition", "offset": [587, 605]}, {"key": "defined-in-section", "type": "clause", "offset": [610, 628]}, {"key": "termination-of-employment", "type": "clause", "offset": [760, 785]}, {"key": "in-order-to", "type": "clause", "offset": [799, 810]}, {"key": "additional-tax", "type": "definition", "offset": [838, 852]}, {"key": "the-company-will", "type": "clause", "offset": [883, 899]}, {"key": "the-payment", "type": "clause", "offset": [926, 937]}, {"key": "reduction-in", "type": "definition", "offset": [994, 1006]}, {"key": "to-the-executive", "type": "clause", "offset": [1061, 1077]}, {"key": "day-of", "type": "clause", "offset": [1121, 1127]}, {"key": "following-the", "type": "definition", "offset": [1146, 1159]}, {"key": "payments-of", "type": "definition", "offset": [1266, 1277]}, {"key": "other-benefits", "type": "definition", "offset": [1287, 1301]}, {"key": "application-of", "type": "clause", "offset": [1349, 1363]}, {"key": "in-the-event", "type": "clause", "offset": [1560, 1572]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [1578, 1607]}, {"key": "pursuant-to", "type": "clause", "offset": [1621, 1632]}, {"key": "payments-shall-be", "type": "clause", "offset": [1739, 1756]}, {"key": "at-the-time", "type": "clause", "offset": [1762, 1773]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1833, 1873]}, {"key": "required-by", "type": "definition", "offset": [1896, 1907]}, {"key": "a-termination", "type": "definition", "offset": [1927, 1940]}, {"key": "for-purposes-of", "type": "clause", "offset": [1992, 2007]}, {"key": "provision-of", "type": "clause", "offset": [2012, 2024]}, {"key": "payment-of-amounts", "type": "clause", "offset": [2058, 2076]}, {"key": "separation-from-service", "type": "definition", "offset": [2170, 2193]}, {"key": "meaning-of", "type": "definition", "offset": [2206, 2216]}, {"key": "references-to-a", "type": "clause", "offset": [2301, 2316]}, {"key": "a-separate", "type": "definition", "offset": [2469, 2479]}, {"key": "right-to", "type": "definition", "offset": [2496, 2504]}, {"key": "installment-payments", "type": "clause", "offset": [2517, 2537]}, {"key": "separate-payments", "type": "clause", "offset": [2602, 2619]}], "samples": [{"hash": "7mwSmXeCKzJ", "uri": "/contracts/7mwSmXeCKzJ#compliance-with-code-section-409a", "label": "Change in Control Agreement (Aceto Corp)", "score": 29.1259403229, "published": true}, {"hash": "4feQoNhNUIZ", "uri": "/contracts/4feQoNhNUIZ#compliance-with-code-section-409a", "label": "Change in Control Agreement (Aceto Corp)", "score": 28.7919235229, "published": true}, {"hash": "6PCPg9a5ruj", "uri": "/contracts/6PCPg9a5ruj#compliance-with-code-section-409a", "label": "Change in Control Agreement (Aceto Corp)", "score": 27.5434627533, "published": true}], "snippet": "The intent of the parties is that payments and benefits under this Agreement comply with or are exempt from Section 409A of the Code and this Agreement shall be interpreted and construed in a manner that establishes an exemption from (or compliance with) the requirements of Code Section 409A. Any terms of this Agreement that are undefined or ambiguous shall be interpreted in a manner that complies with Code Section 409A to the extent necessary to comply with Code Section 409A. Notwithstanding anything herein to the contrary, (i) if, on the date of termination, the Executive is a \u201cspecified employee\u201d as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Code Section 409A, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Executive) until the date that is the first business day of the seventh month following the date of termination (or the earliest date as is permitted under Code Section 409A), and (ii) if any other payments of money or other benefits due to the Executive hereunder could cause the application of an accelerated or additional tax under Code Section 409A, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Code Section 409A. In the event that payments under this Agreement are deferred pursuant to this Section in order to prevent any accelerated tax or additional tax under Code Section 409A, then such payments shall be paid at the time specified under this Section without any interest thereon. Notwithstanding anything to the contrary herein, to the extent required by Code Section 409A, a termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of amounts or benefits upon or following a termination of employment unless such termination is also a \u201cseparation from service\u201d within the meaning of Section 409A of the Code and, for purposes of any such provision of this Agreement, references to a \u201ctermination,\u201d \u201ctermination of employment\u201d or like terms shall mean separation from service. Each payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments.", "size": 606, "hash": "ca020bca18e307b8fea4357601b2bdfd", "id": 1}, {"snippet_links": [{"key": "agreement-to", "type": "definition", "offset": [42, 54]}, {"key": "date-of", "type": "clause", "offset": [133, 140]}, {"key": "separation-from-service", "type": "definition", "offset": [152, 175]}, {"key": "meaning-of", "type": "definition", "offset": [189, 199]}, {"key": "with-company", "type": "clause", "offset": [233, 245]}, {"key": "comply-with", "type": "clause", "offset": [291, 302]}, {"key": "section-409a-of-the-code", "type": "clause", "offset": [303, 327]}, {"key": "to-the-extent", "type": "clause", "offset": [398, 411]}, {"key": "benefits-provided", "type": "definition", "offset": [438, 455]}, {"key": "deferred-compensation-subject-to-section-409a", "type": "clause", "offset": [477, 522]}, {"key": "consistent-with", "type": "clause", "offset": [571, 586]}, {"key": "the-parties-will", "type": "clause", "offset": [600, 616]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [617, 640]}, {"key": "to-amend-this-agreement", "type": "clause", "offset": [641, 664]}, {"key": "the-original", "type": "definition", "offset": [733, 745]}, {"key": "intent-of-the-parties", "type": "clause", "offset": [746, 767]}, {"key": "no-action", "type": "definition", "offset": [803, 812]}, {"key": "failure-to-act", "type": "clause", "offset": [816, 830]}, {"key": "section-14", "type": "definition", "offset": [849, 859]}, {"key": "subject-company", "type": "definition", "offset": [866, 881]}, {"key": "and-company", "type": "clause", "offset": [919, 930]}, {"key": "obligation-to-indemnify", "type": "clause", "offset": [950, 973]}, {"key": "obligation-to-pay", "type": "clause", "offset": [1014, 1031]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1042, 1061]}, {"key": "application-of", "type": "clause", "offset": [1104, 1118]}, {"key": "successor-provision", "type": "clause", "offset": [1155, 1174]}, {"key": "series-of-payments", "type": "clause", "offset": [1195, 1213]}, {"key": "separate-payment", "type": "definition", "offset": [1231, 1247]}, {"key": "in-this-agreement", "type": "definition", "offset": [1278, 1295]}, {"key": "for-purposes-of-section", "type": "clause", "offset": [1395, 1418]}, {"key": "specified-executive", "type": "definition", "offset": [1591, 1610]}, {"key": "code-section-409a", "type": "clause", "offset": [1630, 1647]}, {"key": "final-regulations", "type": "definition", "offset": [1656, 1673]}, {"key": "payment-by-company", "type": "clause", "offset": [1736, 1754]}, {"key": "domestic-relations-order", "type": "clause", "offset": [1801, 1825]}, {"key": "conflicts-of-interest", "type": "clause", "offset": [1841, 1862]}, {"key": "payment-of-employment-taxes", "type": "clause", "offset": [1880, 1907]}, {"key": "payment-or-distribution", "type": "definition", "offset": [1921, 1944]}, {"key": "lump-sum", "type": "clause", "offset": [1961, 1969]}, {"key": "the-executive", "type": "clause", "offset": [1971, 1984]}, {"key": "right-to-receive-payment", "type": "clause", "offset": [1987, 2011]}, {"key": "distribution-of", "type": "clause", "offset": [2015, 2030]}, {"key": "day-of", "type": "clause", "offset": [2137, 2143]}, {"key": "following-executive", "type": "definition", "offset": [2162, 2181]}, {"key": "over-time", "type": "clause", "offset": [2260, 2269]}, {"key": "six-months", "type": "definition", "offset": [2366, 2376]}, {"key": "accumulated-amount", "type": "definition", "offset": [2525, 2543]}, {"key": "to-executive", "type": "definition", "offset": [2745, 2757]}, {"key": "distribution-schedule", "type": "definition", "offset": [2784, 2805]}, {"key": "remaining-payments", "type": "definition", "offset": [2814, 2832]}, {"key": "amounts-payable", "type": "definition", "offset": [3000, 3015]}], "samples": [{"hash": "hpyr4HLPrHD", "uri": "/contracts/hpyr4HLPrHD#compliance-with-code-section-409a", "label": "Employment Agreement (DeFi Development Corp.)", "score": 36.3073234558, "published": true}, {"hash": "9AooM69C2iS", "uri": "/contracts/9AooM69C2iS#compliance-with-code-section-409a", "label": "Employment Agreement (Janover Inc.)", "score": 36.2854194641, "published": true}, {"hash": "6puNLvY0ZWZ", "uri": "/contracts/6puNLvY0ZWZ#compliance-with-code-section-409a", "label": "Employment Agreement (Janover Inc.)", "score": 36.2854194641, "published": true}], "snippet": "(a) Notwithstanding any provision of this Agreement to the contrary, Executive\u2019s employment will be deemed to have terminated on the date of Executive \u201cseparation from service\u201d (within the meaning of Treas. Reg. Section 1.409A-1(h)) with Company.\n(b) It is intended that this Agreement will comply with Section 409A of the Code, and any regulations and guideline issued thereunder (\u201cSection 409A\u201d) to the extent that any compensation and benefits provided hereunder constitute deferred compensation subject to Section 409A. This Agreement shall be interpreted on a basis consistent with this intent. The Parties will negotiate in good faith to amend this Agreement as necessary to comply with Section 409A in a manner that preserves the original intent of the Parties to the extent reasonably possible. No action or failure to act, pursuant to this Section 14 shall subject Company to any claim, liability, or expense, and Company shall not have any obligation to indemnify or otherwise protect Executive from the obligation to pay any taxes pursuant to Section 409A of the Code.\n(c) For purposes of the application of Treas. Reg. \u00a7 1.409A-1(b)(4)(or any successor provision), each payment in a series of payments will be deemed a separate payment.\n(d) Notwithstanding anything in this Agreement to the contrary, if any amount or benefit that would constitute non-exempt \u201cdeferred compensation\u201d for purposes of Section 409A of the Code would otherwise be payable or distributable under this Agreement by reason of Executive\u2019s separation from service during a period in which Executive is a \u201cspecified Executive\u201d (as defined under Code Section 409A and the final regulations thereunder), then, subject to any permissible acceleration of payment by Company under Treas. Reg. Section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts of interest), or (j)(4)(vi) (payment of employment taxes):\n(i) if the payment or distribution is payable in a lump sum, the Executive\u2019s right to receive payment or distribution of such non-exempt deferred compensation will be delayed until the earlier of Executive\u2019s death or the first day of the seventh month following Executive\u2019s separation from service; and\n(ii) if the payment or distribution is payable over time, the amount of such non-exempt deferred compensation that would otherwise be payable during the six months immediately following Executive\u2019s separation from service will be accumulated, and the Executive\u2019s right to receive payment or distribution of such accumulated amount will be delayed until the earlier of Executive\u2019s death or the first day of the seventh month following Executive\u2019s separation from service, whereupon the accumulated amount will be paid or distributed to Executive and the normal payment or distribution schedule for any remaining payments or distributions will resume. This Section 14(d) should not be construed to prevent the application of Treas. Reg \u00a7 1.409A-1(b)(9)(iii)(or any successor provision) to amounts payable hereunder (or any portion thereof).", "size": 175, "hash": "53a53ab28d7e3fec1571c36e56c5c478", "id": 2}, {"snippet_links": [{"key": "the-employer-and-the", "type": "clause", "offset": [0, 20]}, {"key": "the-agreement", "type": "clause", "offset": [43, 56]}, {"key": "the-provisions-of", "type": "clause", "offset": [69, 86]}, {"key": "code-section-409a", "type": "clause", "offset": [87, 104]}, {"key": "gross-income", "type": "definition", "offset": [133, 145]}, {"key": "amounts-deferred", "type": "definition", "offset": [153, 169]}, {"key": "taxable-year", "type": "definition", "offset": [185, 197]}, {"key": "the-year", "type": "definition", "offset": [207, 215]}, {"key": "actually-paid", "type": "definition", "offset": [237, 250]}, {"key": "to-the-executive", "type": "clause", "offset": [251, 267]}, {"key": "this-agreement", "type": "clause", "offset": [284, 298]}, {"key": "the-administrator", "type": "clause", "offset": [387, 404]}, {"key": "any-action", "type": "definition", "offset": [420, 430]}], "samples": [{"hash": "cmvF9hk0GOv", "uri": "/contracts/cmvF9hk0GOv#compliance-with-code-section-409a", "label": "Deferred Compensation Agreement (Orrstown Financial Services Inc)", "score": 37.1916503906, "published": true}, {"hash": "9AoyzjmQ7AM", "uri": "/contracts/9AoyzjmQ7AM#compliance-with-code-section-409a", "label": "Deferred Compensation Agreement (Orrstown Financial Services Inc)", "score": 36.4989738464, "published": true}, {"hash": "cIm0o0wNskp", "uri": "/contracts/cIm0o0wNskp#compliance-with-code-section-409a", "label": "Deferred Compensation Agreement (Acnb Corp)", "score": 36.1978111267, "published": true}], "snippet": "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. This Agreement shall be construed, administered and governed in a manner that affects such intent, and the Administrator shall not take any action that would be inconsistent therewith.", "size": 105, "hash": "59bff552425d0bb9bf561bb38e27478b", "id": 3}, {"snippet_links": [{"key": "agreement-to", "type": "definition", "offset": [33, 45]}, {"key": "specified-employee", "type": "definition", "offset": [83, 101]}, {"key": "date-of-termination", "type": "definition", "offset": [152, 171]}, {"key": "deferred-compensation", "type": "definition", "offset": [253, 274]}, {"key": "section-409a-of-the-code", "type": "clause", "offset": [292, 316]}, {"key": "separation-from-service", "type": "definition", "offset": [407, 430]}, {"key": "to-the-extent", "type": "clause", "offset": [437, 450]}, {"key": "comply-with", "type": "clause", "offset": [464, 475]}, {"key": "code-section-409a", "type": "clause", "offset": [476, 493]}, {"key": "payment-or-distribution", "type": "definition", "offset": [506, 529]}, {"key": "lump-sum", "type": "clause", "offset": [546, 554]}, {"key": "right-to-receive-payment", "type": "clause", "offset": [568, 592]}, {"key": "distribution-of", "type": "clause", "offset": [596, 611]}, {"key": "following-the", "type": "definition", "offset": [722, 735]}, {"key": "over-time", "type": "clause", "offset": [829, 838]}, {"key": "accumulated-amount", "type": "definition", "offset": [1105, 1123]}, {"key": "distribution-schedule", "type": "definition", "offset": [1336, 1357]}, {"key": "remaining-payments", "type": "definition", "offset": [1366, 1384]}, {"key": "benefits-will", "type": "clause", "offset": [1403, 1416]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [1427, 1457]}, {"key": "the-term", "type": "definition", "offset": [1459, 1467]}, {"key": "applicable-regulations", "type": "clause", "offset": [1548, 1570]}, {"key": "april-1", "type": "definition", "offset": [1655, 1662]}, {"key": "each-year", "type": "definition", "offset": [1663, 1672]}, {"key": "the-requirements", "type": "clause", "offset": [1690, 1706]}, {"key": "in-accordance-with", "type": "definition", "offset": [1770, 1788]}, {"key": "the-regulations", "type": "clause", "offset": [1789, 1804]}, {"key": "at-any-time", "type": "clause", "offset": [1864, 1875]}, {"key": "period-ending", "type": "clause", "offset": [1896, 1909]}], "samples": [{"hash": "c9xxzg8Kp1c", "uri": "/contracts/c9xxzg8Kp1c#compliance-with-code-section-409a", "label": "Executive Employment Agreement (Nucor Corp)", "score": 37.1560592651, "published": true}, {"hash": "biOfEz9MEPX", "uri": "/contracts/biOfEz9MEPX#compliance-with-code-section-409a", "label": "Executive Employment Agreement (Nucor Corp)", "score": 34.1608505249, "published": true}, {"hash": "kU3ZpQ9J5Zq", "uri": "/contracts/kU3ZpQ9J5Zq#compliance-with-code-section-409a", "label": "Retirement, Separation, Waiver and Release Agreement (Nucor Corp)", "score": 33.6050643921, "published": true}], "snippet": "Notwithstanding anything in this Agreement to the contrary, if (a) Executive is a \u201cspecified employee\u201d under Section 409A(a)(2)(B)(i) of Code as of the Date of Termination and (b) any amount or benefit that Nucor determines would constitute non-exempt \u201cdeferred compensation\u201d for purposes of Section 409A of the Code would otherwise be payable or distributable under this Agreement by reason of Executive\u2019s separation from service, then to the extent necessary to comply with Code Section 409A: (i) if the payment or distribution is payable in a lump sum, Executive\u2019s right to receive payment or distribution of such non-exempt deferred compensation will be delayed until the earlier of Executive\u2019s death or the 7th month following the Date of Termination, and (ii) if the payment, distribution or benefit is payable or provided over time, the amount of such non-exempt deferred compensation or benefit that would otherwise be payable or provided during the 6 month period immediately following the Date of Termination will be accumulated, and Executive\u2019s right to receive payment or distribution of such accumulated amount or benefit will be delayed until the earlier of Executive\u2019s death or the 7th month following the Date of Termination and paid or provided on the earlier of such dates, without interest, and the normal payment or distribution schedule for any remaining payments, distributions or benefits will commence. For purposes of this Agreement, the term \u201cseparation from service\u201d shall be defined as provided in Code Section 409A and applicable regulations, and Executive shall be a \u201cspecified employee\u201d during the 12 month period beginning April 1 each year if Executive met the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the 12 month period ending on the December 31 immediately preceding the Date of Termination.", "size": 51, "hash": "0dce35c433a786894ffe5b3a8074295f", "id": 4}, {"snippet_links": [{"key": "right-granted", "type": "clause", "offset": [41, 54]}, {"key": "award-agreement", "type": "definition", "offset": [71, 86]}, {"key": "section-409a-of-the-code", "type": "clause", "offset": [105, 129]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [223, 252]}, {"key": "the-plan", "type": "clause", "offset": [278, 286]}, {"key": "at-any-time", "type": "clause", "offset": [302, 313]}, {"key": "consent-of", "type": "clause", "offset": [327, 337]}, {"key": "to-the-extent", "type": "clause", "offset": [349, 362]}, {"key": "the-requirements", "type": "clause", "offset": [404, 420]}, {"key": "the-company-shall", "type": "clause", "offset": [457, 474]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [540, 572]}, {"key": "the-participant", "type": "clause", "offset": [607, 622]}, {"key": "and-the-company", "type": "clause", "offset": [751, 766]}, {"key": "no-liability", "type": "clause", "offset": [798, 810]}, {"key": "obligation-to-indemnify", "type": "clause", "offset": [820, 843]}, {"key": "hold-harmless", "type": "definition", "offset": [847, 860]}, {"key": "other-party", "type": "clause", "offset": [884, 895]}, {"key": "additional-tax", "type": "definition", "offset": [909, 923]}, {"key": "in-the-event", "type": "clause", "offset": [997, 1009]}, {"key": "provision-of-the", "type": "clause", "offset": [1019, 1035]}, {"key": "agreement-or", "type": "definition", "offset": [1042, 1054]}, {"key": "amendment-or-modification", "type": "clause", "offset": [1059, 1084]}, {"key": "action-taken", "type": "definition", "offset": [1106, 1118]}], "samples": [{"hash": "jxUNApEAprd", "uri": "/contracts/jxUNApEAprd#compliance-with-code-section-409a", "label": "Restricted Share Unit Award Agreement (Howmet Aerospace Inc.)", "score": 35.3449707031, "published": true}, {"hash": "4VeQPJFPrDn", "uri": "/contracts/4VeQPJFPrDn#compliance-with-code-section-409a", "label": "Restricted Share Unit Award Agreement (Howmet Aerospace Inc.)", "score": 35.1163597107, "published": true}, {"hash": "5Vz32P3iOp5", "uri": "/contracts/5Vz32P3iOp5#compliance-with-code-section-409a", "label": "Restricted Share Unit Award Agreement", "score": 35.1029167175, "published": true}], "snippet": "It is intended that the Restricted Share Right granted pursuant to the Award Agreement be compliant with Section 409A of the Code and the Award Agreement shall be interpreted, construed and operated to reflect this intent. Notwithstanding the foregoing, the Award Agreement and the Plan may be amended at any time, without the consent of any party, to the extent necessary or desirable to satisfy any of the requirements under Section 409A of the Code, but the Company shall not be under any obligation to make any such amendment. Further, the Company and its Subsidiaries do not make any representation to the Participant that the Restricted Share Right granted pursuant to the Award Agreement satisfies the requirements of Section 409A of the Code, and the Company and its Subsidiaries will have no liability or other obligation to indemnify or hold harmless the Participant or any other party for any tax, additional tax, interest or penalties that the Participant or any other party may incur in the event that any provision of the Award Agreement or any amendment or modification thereof or any other action taken with respect thereto, is deemed to violate any of the requirements of Section 409A of the Code.", "size": 47, "hash": "a5063cf3b28031431d6d84cb13997956", "id": 5}, {"snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "consistent-with", "type": "clause", "offset": [53, 68]}, {"key": "code-section-409a", "type": "clause", "offset": [69, 86]}], "samples": [{"hash": "gRLEQUDQ1Cd", "uri": "/contracts/gRLEQUDQ1Cd#compliance-with-code-section-409a", "label": "Director Shareholder Benefit Program Agreement (Mutualfirst Financial Inc)", "score": 28.2032852173, "published": true}, {"hash": "lJXl3lSPldu", "uri": "/contracts/lJXl3lSPldu#compliance-with-code-section-409a", "label": "Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga)", "score": 23.7488021851, "published": true}, {"hash": "heTy6gn5kxv", "uri": "/contracts/heTy6gn5kxv#compliance-with-code-section-409a", "label": "Supplemental Executive Retirement Plan Agreement (Charter Financial Corp/Ga)", "score": 23.7488021851, "published": true}], "snippet": "This Agreement shall be interpreted and administered consistent with Code Section 409A.", "size": 40, "hash": "2577e9ce22bedd1aa8d340a20a679a2b", "id": 6}, {"snippet_links": [{"key": "the-plan", "type": "clause", "offset": [33, 41]}, {"key": "agreement-to", "type": "definition", "offset": [50, 62]}, {"key": "the-award", "type": "clause", "offset": [77, 86]}, {"key": "comply-with", "type": "clause", "offset": [141, 152]}, {"key": "interpretive-guidance", "type": "definition", "offset": [179, 200]}, {"key": "stock-rights", "type": "clause", "offset": [242, 254]}, {"key": "the-agreement", "type": "clause", "offset": [294, 307]}, {"key": "in-accordance-with", "type": "definition", "offset": [342, 360]}, {"key": "references-in-the", "type": "clause", "offset": [374, 391]}, {"key": "termination-of-employment", "type": "clause", "offset": [420, 445]}, {"key": "similar-terms", "type": "clause", "offset": [451, 464]}, {"key": "separation-from-service", "type": "definition", "offset": [479, 502]}, {"key": "meaning-of", "type": "definition", "offset": [515, 525]}, {"key": "payment-or-distribution", "type": "definition", "offset": [565, 588]}, {"key": "specified-employee", "type": "definition", "offset": [633, 651]}, {"key": "of-the-company", "type": "clause", "offset": [653, 667]}, {"key": "the-committee", "type": "clause", "offset": [745, 758]}, {"key": "six-months", "type": "definition", "offset": [868, 878]}, {"key": "date-of", "type": "clause", "offset": [889, 896]}, {"key": "the-payment", "type": "clause", "offset": [936, 947]}, {"key": "application-of-code-section-409a", "type": "clause", "offset": [983, 1015]}], "samples": [{"hash": "bfiQVG4Vxa5", "uri": "/contracts/bfiQVG4Vxa5#compliance-with-code-section-409a", "label": "Performance Based Restricted Stock Unit Agreement (OPENLANE, Inc.)", "score": 36.1375770569, "published": true}, {"hash": "lT2GmZY9yxJ", "uri": "/contracts/lT2GmZY9yxJ#compliance-with-code-section-409a", "label": "Performance Based Restricted Stock Unit Agreement (OPENLANE, Inc.)", "score": 35.1382598877, "published": true}, {"hash": "cAxijql8uEV", "uri": "/contracts/cAxijql8uEV#compliance-with-code-section-409a", "label": "Performance Based Restricted Stock Unit Agreement (KAR Auction Services, Inc.)", "score": 34.1827507019, "published": true}], "snippet": "Notwithstanding any provision of the Plan or this Agreement to the contrary, the Award is intended to be exempt from or, in the alternative, comply with Code Section 409A and the interpretive guidance thereunder, including the exceptions for stock rights and short-term deferrals. The Plan and the Agreement will be construed and interpreted in accordance with such intent. References in the Plan and this Agreement to \u201ctermination of employment\u201d and similar terms shall mean a \u201cseparation from service\u201d within the meaning of that term under Code Section 409A. 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Accordingly, Grantee consents to any amendment of this Agreement as the Company may reasonably make in furtherance of such intention, and the Company shall promptly provide, or make available to, Grantee a copy of such amendment. Any such amendments shall be made in a manner that preserves to the maximum extent possible the intended benefits to Grantee. This paragraph does not create an obligation on the part of Company to modify this Agreement and does not guarantee that the amounts or benefits owed under the Agreement will not be subject to interest and penalties under Code Section 409A.", "size": 26, "hash": "4b1b74c39159db279d3d0e97baf51578", "id": 8}, {"snippet_links": [{"key": "at-the-time", "type": "clause", "offset": [53, 64]}, {"key": "the-company-has", "type": "clause", "offset": [107, 122]}, {"key": "publicly-traded", "type": "clause", "offset": [143, 158]}, {"key": "established-securities-market", "type": "clause", "offset": [165, 194]}, {"key": "specified-employee", "type": "definition", "offset": [216, 234]}, {"key": "code-section-409a", "type": "clause", "offset": [251, 268]}, {"key": "commencement-of", "type": "clause", "offset": [295, 310]}, {"key": "pursuant-to-section-7", "type": "clause", "offset": [354, 375]}, {"key": "in-order-to", "type": "clause", "offset": [389, 400]}, {"key": "additional-tax", "type": "definition", "offset": [428, 442]}, {"key": "to-the-extent", "type": "clause", "offset": [474, 487]}, {"key": "the-company-will", "type": "clause", "offset": [520, 536]}, {"key": "reduction-in", "type": "definition", "offset": [596, 608]}, {"key": "to-executive", "type": "definition", "offset": [662, 674]}, {"key": "following-executive", "type": "definition", "offset": [714, 733]}, {"key": "termination-of-employment-with-the-company", "type": "clause", "offset": [736, 778]}, {"key": "provided-that", "type": "definition", "offset": [843, 856]}, {"key": "the-year", "type": "definition", "offset": [938, 946]}, {"key": "termination-shall", "type": "clause", "offset": [955, 972]}, {"key": "immediately-upon-termination", "type": "clause", "offset": [984, 1012]}, {"key": "lump-sum", "type": "clause", "offset": [1091, 1099]}, {"key": "at-the-end-of", "type": "clause", "offset": [1113, 1126]}, {"key": "the-company-shall", "type": "clause", "offset": [1154, 1171]}, {"key": "in-good-faith", "type": "clause", "offset": [1195, 1208]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1245, 1271]}], "samples": [{"hash": "lw5fAlSne0F", "uri": "/contracts/lw5fAlSne0F#compliance-with-code-section-409a", "label": "Employment Agreement (Energy Future Holdings Corp /TX/)", "score": 26.2429847717, "published": true}, {"hash": "hkcRcWm3j1D", "uri": "/contracts/hkcRcWm3j1D#compliance-with-code-section-409a", "label": "Employment Agreement (Energy Future Holdings Corp /TX/)", "score": 26.2429847717, "published": true}, {"hash": "gyTSFQFcJZP", "uri": "/contracts/gyTSFQFcJZP#compliance-with-code-section-409a", "label": "Employment Agreement (Energy Future Holdings Corp /TX/)", "score": 26.2429847717, "published": true}], "snippet": "Notwithstanding anything herein to the contrary, if, at the time of Executive\u2019s termination of employment, the Company has securities that are publicly traded on an established securities market, and Executive is a \u201cspecified employee\u201d (as defined in Code Section 409A), and the deferral of the commencement of any payments or benefits otherwise payable pursuant to Section 7 is necessary in order to prevent any accelerated or additional tax under Code Section 409A, then, to the extent permitted by Code Section 409A, the Company will defer any such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided to Executive) until the date that is six (6) months following Executive\u2019s termination of employment with the Company (or the earliest date as is permitted under Code Section 409A), provided that amounts which do not exceed the limits set forth in Code Section 402(g)(1)(B) in the year of such termination shall be payable immediately upon termination. Any payments or benefits deferred due to such requirements will be paid in a lump sum to Executive at the end of such six (6) month period. The Company shall consult with Executive in good faith regarding the implementation of the provisions of this Section 9(g).", "size": 26, "hash": "22d96515bcc76ac1c17c6115b88beb16", "id": 9}, {"snippet_links": [{"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [0, 35]}, {"key": "agreement-to", "type": "definition", "offset": [43, 55]}, {"key": "code-section-409a", "type": "clause", "offset": [96, 113]}, {"key": "to-apply", "type": "clause", "offset": [124, 132]}, {"key": "general-intention", "type": "clause", "offset": [161, 178]}, {"key": "to-the-extent-practicable", "type": "definition", "offset": [216, 241]}, {"key": "comply-with", "type": "clause", "offset": [243, 254]}, {"key": "in-accordance", "type": "definition", "offset": [339, 352]}, {"key": "without-in-any-way-limiting", "type": "clause", "offset": [364, 391]}, {"key": "the-foregoing", "type": "definition", "offset": [406, 419]}, {"key": "in-the-event", "type": "clause", "offset": [421, 433]}, {"key": "special-terms", "type": "definition", "offset": [475, 488]}, {"key": "part-of-the-agreement", "type": "clause", "offset": [645, 666]}, {"key": "neither-the-company", "type": "definition", "offset": [783, 802]}, {"key": "the-administrator", "type": "clause", "offset": [804, 821]}, {"key": "other-person", "type": "definition", "offset": [895, 907]}, {"key": "determinations-made-in-good-faith", "type": "clause", "offset": [934, 967]}], "samples": [{"hash": "jBrtrP4CHsq", "uri": "/contracts/jBrtrP4CHsq#compliance-with-code-section-409a", "label": "Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)", "score": 30.1485290527, "published": true}, {"hash": "fYRLGPAC9zo", "uri": "/contracts/fYRLGPAC9zo#compliance-with-code-section-409a", "label": "Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)", "score": 20.1608486176, "published": true}, {"hash": "jrPN1cuJPjI", "uri": "/contracts/jrPN1cuJPjI#compliance-with-code-section-409a", "label": "Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)", "score": 20.1444225311, "published": true}], "snippet": "Notwithstanding any other provision in the Agreement to the contrary, if and to the extent that Code Section 409A is deemed to apply to the Agreement, it is the general intention of Company that the Agreement shall, to the extent practicable, comply with Code Section 409A, and the Agreement shall, to the extent practicable, be construed in accordance therewith. Without in any way limiting the effect of the foregoing, in the event that Code Section 409A requires that any special terms, provisions or conditions be included in the Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of the Agreement, as applicable. 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In practice, this clause typically requires that payment schedules, deferral elections, and distribution events are structured to avoid triggering additional taxes or penalties for the recipient. Its core function is to protect both the employer and employee from unintended tax consequences by ensuring the agreement is structured in accordance with federal tax law."}, "json": true, "cursor": ""}}