Common use of Compliance with Section 409A of the Internal Revenue Code Clause in Contracts

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunder.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

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Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted interpreted, applied and applied to the minimum extent necessary, unilaterally amended by the Committee, so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunderCode.

Appears in 8 contracts

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Nonqualified Stock Option Agreement (Electronic Data Systems Corp /De/)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this This Agreement will be interpreted interpreted, applied and applied to the minimum extent necessary, unilaterally amended by the Company, so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of of, Section 409A of the Internal Revenue Code and the regulations thereunder.Code. The following provisions of this paragraph 16 shall apply notwithstanding any contrary provision of paragraphs 12 or 14 of this Agreement:

Appears in 5 contracts

Samples: Employment Agreement (Comstock Resources Inc), Employment Agreement (Comstock Resources Inc), Employment Agreement (Comstock Resources Inc)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this This Agreement will be interpreted interpreted, applied and applied to the minimum extent necessary, unilaterally amended by the Company, so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of of, Section 409A of the Internal Revenue Code and the regulations thereunder.Code. The following provisions of this paragraph 19 shall apply notwithstanding any contrary provision of paragraphs 12 or 14 of this Agreement:

Appears in 2 contracts

Samples: Employment Agreement (Comstock Resources Inc), Employment Agreement (Comstock Resources Inc)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted interpreted, applied and applied to the minimum extent necessary, unilaterally amended by the Committee, so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunder.

Appears in 2 contracts

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Restricted Stock Unit Agreement (Electronic Data Systems Corp /De/)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunderCode.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Electronic Data Systems Corp /De/)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this provisions of the Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, shall be construed and is operated administered in accordance with, compliance with the requirements conditions of Section 409A of the Internal Revenue Code and the regulations thereunderand other guidance issued pursuant to Section 409A for deferral of income taxation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (OneBeacon Insurance Group, Ltd.)

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Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunder.. 2008 PRSU (Executive) 9

Appears in 1 contract

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunder.. 2008 TRSU (Executive) 7

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Electronic Data Systems Corp /De/)

Compliance with Section 409A of the Internal Revenue Code. Notwithstanding any provision in this Agreement to the contrary, this Agreement will be interpreted and applied so that the Agreement does not fail to meet, and is operated in accordance with, the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder. The Company reserves the right to change the terms of this Agreement and the 2009 Plan without the Participant's consent to the extent necessary or desirable to comply with the requirements of Internal Revenue Code Section 409A, the Treasury regulations and other guidance thereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Celanese Corp)

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