Common use of No Compensation Deferrals Clause in Contracts

No Compensation Deferrals. Neither the Plan, nor this Award Agreement is intended to provide for a deferral of compensation that would subject the RSUs to taxation prior to the issuance of Shares as a result of Section 409A of the Code. Notwithstanding anything to the contrary in the Plan, or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without your consent, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this Award. If you are subject to U.S. taxes, all RSUs to which you are entitled will be issued to you on the applicable settlement date of the RSUs, as described above in the section entitled “Settlement of RSUs.”

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Restaurant Brands International Inc.), Additional Matching Restricted Stock Unit Award Agreement (Restaurant Brands International Inc.), Restricted Stock Unit Award Agreement (Restaurant Brands International Inc.)

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No Compensation Deferrals. Neither the Plan, nor this Award Agreement is intended to provide for a deferral of compensation that would subject the RSUs to taxation prior to the issuance of Shares as a result of Section 409A of the Code. Notwithstanding anything to the contrary in the Plan, or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without your consent, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this Award. If you are subject to U.S. taxes, all RSUs to which you are entitled will be issued to you on the applicable settlement date of the RSUsSettlement Date, as described above in the section entitled “Settlement of RSUsSettlement”.

Appears in 2 contracts

Samples: Board Member Restricted Stock Unit Award Agreement (Restaurant Brands International Inc.), Board Member Restricted Stock Unit Award Agreement (Burger King Worldwide, Inc.)

No Compensation Deferrals. Neither the Plan, Plan nor this Award Agreement is intended to provide for a deferral of compensation that would subject the RSUs to taxation prior to the issuance of Shares as a result of Section 409A of the Code. Notwithstanding anything to the contrary in the Plan, Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without your consent, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this Award. If you are subject to U.S. taxes, all RSUs to which you are entitled at vesting will be issued to you on the applicable settlement date of the RSUsVesting Date, as described above in the section entitled “Settlement of RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award (Burger King Holdings Inc)

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No Compensation Deferrals. Neither the Plan, Plan nor this Award Agreement is intended to provide for a deferral of compensation that would subject the RSUs to taxation prior to the issuance of Shares as a result of Section 409A of the Code. Notwithstanding anything to the contrary in the Plan, Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without your consent, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this Individual Award. If you are subject to U.S. taxes, all RSUs to which you are entitled at vesting will be issued to you on the applicable settlement date of the RSUsVesting Date, as described above in the section entitled “Settlement of RSUs.

Appears in 1 contract

Samples: Restricted Stock Units (Burger King Holdings Inc)

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