Common use of Section 162(m) Clause in Contracts

Section 162(m). The Award shall be construed and administered consistent with the intent that it qualify to the maximum extent possible as qualifying performance-based compensation within the meaning of Section 162(m) of the Internal Revenue Code and the regulations thereunder.

Appears in 7 contracts

Sources: Restricted Stock Units Agreement (Xerium Technologies Inc), Time Based Rsu and Performance Shares Agreement (Xerium Technologies Inc), Performance Based Restricted Stock Units Agreement (Xerium Technologies Inc)