Common use of Compliance with U.S. Tax Law Clause in Contracts

Compliance with U.S. Tax Law. The Grantee understands and agrees that notwithstanding anything herein to the contrary, this Agreement, and the Award made hereby, shall be administered in accordance with the applicable provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), including but not limited to, Section 409A of the Code. Notwithstanding anything in the Plan to the contrary, any adjustment of the Award granted hereby shall be made in compliance with Section 409A of the Code. The Award granted hereby is intended to comply with Section 409A of the Code and will be administered and interpreted in accordance with that intent. In the event that the Grantee is a “specified employee” (within the meaning of the Treasury Regulations §1.409A‑1(i)) as of the date of the Grantee’s “separation from service” (within the meaning of Treasury Regulations §1.409A‑1(h)) and if, as a result, any shares of Common Stock cannot be delivered, or this Award cannot be paid or provided, in either case in the manner or at the time otherwise provided in Article 3, without subjecting the Grantee to “additional tax”, interest or penalties under Section 409A of the Code, then such shares shall be delivered, or this Award will be paid or provided, on the first day of the seventh month following the Grantee’s separation from service.

Appears in 11 contracts

Samples: 2020 Award Agreement (Voya Financial, Inc.), 2020 Award Agreement (Voya Financial, Inc.), 2018 Award Agreement (Voya Financial, Inc.)

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Compliance with U.S. Tax Law. The Where the Grantee qualifies as a US Taxpayer, the Grantee understands and agrees that notwithstanding anything herein to the contrary, this Agreement, and the Award Converted Awards made hereby, shall be administered in accordance with the applicable provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), including but not limited to, Section 409A of the Code. Notwithstanding anything in the Plan to the contrary, any adjustment of any of the Award Converted Awards granted hereby shall be made in compliance with Section 409A of the Code. The Award Converted Awards granted hereby is are intended to comply with Section 409A of the Code and will be administered and interpreted in accordance with that intent. In the event that the Grantee is a “specified employee” (within the meaning of the Treasury Regulations §1.409A‑1(i)) as of the date of the Grantee’s 's “separation from service” (within the meaning of Treasury Regulations §1.409A‑1(h)) and if, as a result, any shares of Common Stock cannot be delivered, or this any Converted Award cannot be paid or provided, in either case in the manner or at the time otherwise provided in Article 3, without subjecting the Grantee to “additional tax”, interest or penalties under Section 409A of the Code, then such shares shall be delivered, or this Converted Award will be paid or provided, on the first day of the seventh month following the Grantee’s 's separation from service.

Appears in 8 contracts

Samples: 2013 Converted Award Agreement (ING U.S., Inc.), 2013 Converted Award Agreement (ING U.S., Inc.), 2013 Converted Award Agreement (ING U.S., Inc.)

Compliance with U.S. Tax Law. The Grantee Xxxxxxx understands and agrees that notwithstanding anything herein to the contrary, this Agreement, and the this Award made hereby, shall be administered in accordance with the applicable provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), including but not limited to, to Section 409A of the Code. Notwithstanding anything in the Plan to the contrary, any adjustment of the this Award granted hereby shall be made in compliance with Section 409A of the Code. The RSUs subject to this Award granted hereby is are intended to comply with with, and PSUs subject to this Award are intended to be exempt from, Section 409A of the Code Code, and this Award will be administered and interpreted in accordance with that intent. In the event that the Grantee is a “specified employee” (within the meaning of the Treasury Regulations §1.409A‑1(i)) as of the date of the Grantee’s “separation from service” (within the meaning of Treasury Regulations §1.409A‑1(h)) and if, as a result, any shares of Common Stock cannot be delivered, or this Award cannot be paid or provided, in either case in the manner or at the time otherwise provided in Article 3, without subjecting the Grantee to “additional tax”, interest or penalties under Section 409A of the Code, then such shares shall be delivered, or this Award will be paid or provided, on the first day of the seventh month following the GranteeXxxxxxx’s separation from service.

Appears in 1 contract

Samples: 2023 Award Agreement (Voya Financial, Inc.)

Compliance with U.S. Tax Law. The Grantee understands and agrees that notwithstanding anything herein to the contrary, this Agreement, and the Award made hereby, shall be administered in accordance with the applicable provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), including but not limited to, Section 409A of the Code. Notwithstanding anything in the Plan to the contrary, any adjustment of the Award granted hereby shall be made in compliance with Section 409A of the Code. The Award granted hereby is intended to comply with Section 409A of the Code and will be administered and interpreted in accordance with that intent. In the event that the Grantee is a “specified employee” (within the meaning of the Treasury Regulations §1.409A‑1(i1.409A-1(i)) as of the date of the Grantee’s “separation from service” (within the meaning of Treasury Regulations §1.409A‑1(h1.409A-1(h)) and if, as a result, any shares of Common Stock cannot be delivered, or this Award cannot be paid or provided, in either case in the manner or at the time otherwise provided in Article 3, without subjecting the Grantee to “additional tax”, interest or penalties under Section 409A of the Code, then such shares shall be delivered, or this Award will be paid or provided, on the first day of the seventh month following the Grantee’s separation from service.

Appears in 1 contract

Samples: 2016 Award Agreement (Voya Financial, Inc.)

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Compliance with U.S. Tax Law. The Grantee Xxxxxxx understands and agrees that notwithstanding anything herein to the contrary, this Agreement, and the this Award made hereby, shall be administered in accordance with the applicable provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), including but not limited to, to Section 409A of the Code. Notwithstanding anything in the Plan to the contrary, any adjustment of the this Award granted hereby shall be made in compliance with Section 409A of the Code. The If Grantee is Retirement-Eligible, RSUs subject to this Award granted hereby is are intended to comply with with, and PSUs subject to this Award are intended to be exempt from, Section 409A of the Code Code, and this Award will be administered and interpreted in accordance with that intent. If Grantee is not Retirement-Eligible, RSUs and PSUs subject to this Award are intended to be exempt from Section 409A of the Code, and this Award will be administered and interpreted in accordance with that intent. In the event that the Grantee is a “specified employee” (within the meaning of the Treasury Regulations §1.409A‑1(i)) as of the date of the Grantee’s “separation from service” (within the meaning of Treasury Regulations §1.409A‑1(h)) and if, as a result, any shares of Common Stock cannot be delivered, or this Award cannot be paid or provided, in either case in the manner or at the time otherwise provided in Article 3, without subjecting the Grantee to “additional tax”, interest or penalties under Section 409A of the Code, then such shares shall be delivered, or this Award will be paid or provided, on the first day of the seventh month following the GranteeXxxxxxx’s separation from service.

Appears in 1 contract

Samples: 2023 Award Agreement (Voya Financial, Inc.)

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