Common use of Performance Based Compensation Clause in Contracts

Performance Based Compensation. If the Compensation is “performance-based compensation based on services performed over a period of at least 12 months” (within the meaning of Code §409A(a)(4)(B)(iii)), the enrollment period must end at least six months before the end of the performance period.

Appears in 5 contracts

Sources: Non Qualified Restorative Retirement Savings Plan (Apache Corp), Non Qualified Retirement/Savings Plan (Apache Corp), Non Qualified Retirement/Savings Plan (Apache Corp)

Performance Based Compensation. If the Compensation is “performance-based compensation based on services performed over a period of at least 12 months” (within the meaning of Code §Section 409A(a)(4)(B)(iii)), the enrollment period must end at least six months before the end of the performance period.

Appears in 1 contract

Sources: Non Qualified Retirement Savings Plan (Apache Corp)