Common use of Section 409A Compliance Clause in Contracts

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 19 contracts

Samples: Employment Agreement (FinTech Acquisition Corp), Employment Agreement (FinTech Acquisition Corp), Severance and Restrictive Covenant Agreement (Visionary Systems, Inc.)

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Section 409A Compliance. (a) The intent of the parties hereto is that payments and benefits under this Agreement be exempt from or comply with Internal Revenue Code Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A..

Appears in 18 contracts

Samples: Employment Covenants Agreement (Restaurant Brands International Inc.), Employment Covenants Agreement (Restaurant Brands International Inc.), Employment and Post Employment Covenants Agreement (Restaurant Brands International Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 15 contracts

Samples: Employment Agreement (Infor, Inc.), Employment Agreement (Infor, Inc.), Employment Agreement (Infor, Inc.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 15 contracts

Samples: Employment Agreement (Apparel Holding Corp.), Employment Agreement (General Maritime Corp / MI), Employment Agreement (Gener8 Maritime, Inc.)

Section 409A Compliance. (ai) The intent of the parties hereto is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”except to the extent exempt as short-term deferrals or otherwise) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A..

Appears in 14 contracts

Samples: Employment Agreement (Burger King Holdings Inc), Employment Agreement (Burger King Holdings Inc), Employment Agreement (Burger King Holdings Inc)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 10 contracts

Samples: Employment Agreement (Holley Inc.), Employment Agreement (Holley Inc.), Employment Agreement (Holley Inc.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall Acadia or any of the Company Subsidiaries be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 9 contracts

Samples: Employment Agreement (Acadia Healthcare Company, Inc.), Employment Agreement (Acadia Healthcare Company, Inc.), Employment Agreement (Acadia Healthcare Company, Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages to Executive for failing to comply with Code Section 409A.

Appears in 8 contracts

Samples: Employment Agreement (Hillman Companies Inc), Employment Agreement (Hillman Companies Inc), Employment Agreement (Hillman Companies Inc)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A of the Code or are exempt therefrom and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be interpreted, administered and governed in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply accordance with Code Section 409A.such intent.

Appears in 8 contracts

Samples: Performance Based Restricted Share Unit Agreement (Teradata Corp /De/), Performance Based Restricted Share Unit Agreement (Teradata Corp /De/), Restricted Share Unit Agreement (Teradata Corp /De/)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 6 contracts

Samples: Executive Employment Agreement (Insight Health Services Holdings Corp), Executive Employment Agreement (Insight Health Services Holdings Corp), Employment Agreement (Insight Health Services Holdings Corp)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A or are exempt therefrom and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be interpreted, administered and governed in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply accordance with Code Section 409A.such intent.

Appears in 6 contracts

Samples: Performance Based Restricted Share Unit Agreement (Teradata Corp /De/), Restricted Share Unit Agreement (Teradata Corp /De/), Performance Based Restricted Share Unit Agreement (Teradata Corp /De/)

Section 409A Compliance. (a) The Notwithstanding any provision of this Agreement, the intent of the parties is that payments and benefits under this Agreement comply with or be exempt from Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall will be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest therewith or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.exempt therefrom.

Appears in 5 contracts

Samples: Employment Agreement (Ryman Hospitality Properties, Inc.), Employment Agreement (Gaylord Entertainment Co /De), Employment Agreement (Gaylord Entertainment Co /De)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive You by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 5 contracts

Samples: Executive Employment Agreement (Prommis Solutions Holding Corp.), Executive Employment Agreement (Prommis Solutions Holding Corp.), Executive Employment Agreement (Prommis Solutions Holding Corp.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively collectively, “Code Section 409A”) ), and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company or any of its respective Affiliates be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 4 contracts

Samples: Employment Agreement (A.K.A. Brands Holding Corp.), Employment Agreement (A.K.A. Brands Holding Corp.), Employment Agreement (A.K.A. Brands Holding Corp.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement be exempt from, or comply with with, Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement and shall be interpreted to be in compliance therewitha manner consistent with such intention. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive the Employee by Code Section 409A or any damages for failing to comply with Code Section 409A.

Appears in 4 contracts

Samples: Employment Agreement (Healing Co Inc.), Employment Agreement (EngageSmart, LLC), Employment Agreement (EngageSmart, LLC)

Section 409A Compliance. (a) The intent of the parties is intend that payments and benefits under this Agreement comply with Internal Revenue Code or are exempt from Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, permitted this Agreement shall be interpreted and administered to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever The Company shall the Company not be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 3 contracts

Samples: Employment Agreement (Dial Global, Inc. /De/), Employment Agreement (Dial Global, Inc. /De/), Employment Agreement (Dial Global, Inc. /De/)

Section 409A Compliance. (a) The intent of the parties is intend that payments and benefits under this Agreement comply with Internal Revenue with, or remain exempt from, Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company Corporation be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 2 contracts

Samples: Termination Protection Agreement (Paperweight Development Corp), Termination Protection Agreement (Paperweight Development Corp)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively Code Section 409A”) or are exempt therefrom and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered so as to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A..

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (National Interstate CORP), Employment and Non Competition Agreement (National Interstate CORP)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code Section 409A of 1986, as amended (the “Code”) and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A..

Appears in 2 contracts

Samples: Employment Agreement (Solidion Technology Inc.), Employment Agreement (Solidion Technology Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 2 contracts

Samples: Disability Agreement (GFI Group Inc.), Employment Agreement (GT Solar International, Inc.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall Company or any of the Company Subsidiaries be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Acadia Healthcare Company, Inc.), Employment Agreement (Acadia Healthcare Company, Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) thereunder, to the extent applicable, and, accordingly, to the maximum extent permitted, this Agreement shall be administered and interpreted to be in compliance therewith. In no event whatsoever shall , to the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.extent applicable.

Appears in 2 contracts

Samples: Employment Agreement (Occidental Petroleum Corp /De/), Employment Agreement (Occidental Petroleum Corp /De/)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.409A. * * * * *

Appears in 2 contracts

Samples: Severance Agreement (Express, Inc.), Employment Agreement (Express Parent LLC)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively collectively, “Code Section 409A”) ), and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever shall the Company or any of its respective Affiliates be liable for any additional tax, interest or penalty that may be imposed on Executive by under Code Section 409A or for any damages for resulting from failing to comply with Code Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (A.K.A. Brands Holding Corp.), Employment Agreement (A.K.A. Brands Holding Corp.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with with, or are exempt from, the requirements of Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be limited, construed and interpreted to in accordance with such intent. It is intended that each installment, if any, of the payments and benefits provided hereunder shall be in compliance therewith. In no event whatsoever shall the Company be liable treated as a separate "payment" for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code purposes of Section 409A.

Appears in 2 contracts

Samples: Non Competition and Non Solicitation Agreement (SM Energy Co), Non Competition and Non Solicitation Agreement (SM Energy Co)

Section 409A Compliance. (a) 7.1 The intent of the parties Parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall To the Company be liable for extent that any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Executive and the Company of the applicable provision without violating the provisions of Code Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (NXT-Id, Inc.), Employment Agreement (NXT-Id, Inc.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code with, or are exempt from, Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly409A. Accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Appfolio Inc), Employment Agreement (Appfolio Inc)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (GT Solar International, Inc.), Employment Agreement (GT Solar International, Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive you by Code Section 409A or damages to you for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Separation Agreement (Hillman Companies Inc)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In , however, in no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or any other damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Change in Control Agreement (Midas Inc)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively collectively, “Code Section 409A”) ), and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever shall the Company or any of its respective Affiliates be liable for any additional tax, interest or penalty that may be imposed on Executive by under Code Section 409A or for any damages for resulting from failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (A.K.A. Brands Holding Corp.)

Section 409A Compliance. (ai) The Notwithstanding anything herein to the contrary, the intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code or be exempt from Section 409A of the Code, and the regulations and guidance promulgated thereunder (collectively Code Section 409A”) and, accordingly, to the maximum extent permitted, permitted this Agreement shall be interpreted to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever The Bank shall the Company not be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Federal Home Loan Bank of San Francisco)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (GT Solar International, Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Digihost Technology Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) , and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Letter Agreement (GT Solar International, Inc.)

Section 409A Compliance. (ai) The intent of the parties is that payments paymaits and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages for failing to comply with Code Section 409A.409A

Appears in 1 contract

Samples: Executive Employment Agreement (Gores Holdings VIII Inc.)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall Holdings or any of the Company Subsidiaries be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Acadia Healthcare Company, Inc.)

Section 409A Compliance. (a) The intent of the parties is intend that payments and benefits under this Agreement comply with Internal Revenue with, or remain exempt from, Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company Corporation be liable for any additional tax, interest or penalty that may be imposed on Executive Key Employee by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Enhanced Severance Agreement (Paperweight Development Corp)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Inteliquent, Inc.)

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Section 409A Compliance. (a) i. The intent of the parties is that payments and benefits under this Agreement be exempt from, or comply with with, Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement and shall be interpreted to be in compliance therewitha manner consistent with such intention. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive the Employee by Code Section 409A or any damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (EngageSmart, Inc.)

Section 409A Compliance. (a) a. The intent of the parties Parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall To the Company be liable for extent that any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Executive and the Company of the applicable provision without violating the provisions of Code Section 409A.

Appears in 1 contract

Samples: Executive Employment Agreement (Wearable Health Solutions, Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive Employee by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Reaffirmation Agreement (Armored AutoGroup Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement either comply with Internal Revenue Code Section 409A and or be exempt from the regulations and guidance promulgated thereunder (collectively “application of Code Section 409A”) , and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall To the Company be liable for extent that any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Employee and the Company of the applicable provision without violating the provisions of Code Section 409A.

Appears in 1 contract

Samples: Separation Agreement and General Release (Citadel Broadcasting Corp)

Section 409A Compliance. (a) a. The intent of the parties is that payments and benefits under this Letter Agreement comply with with, or be exempt from, Section 409A of the Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Letter Agreement shall be interpreted to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by you pursuant to Code Section 409A or any damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Agreement (Henry Schein Inc)

Section 409A Compliance. (a) The intent of the parties hereto is that payments and benefits under this Agreement comply with that are subject to Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) comply with or be exempt from Code Section 409A, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall Xxxxxxxx acknowledges and agrees that the Parent and the Company be liable for any additional tax, interest make no warranty or penalty that may be imposed on Executive by representations with respect to the application of Code Section 409A or damages for failing and other tax consequences to comply with Code Section 409A.any payments contemplated hereunder.

Appears in 1 contract

Samples: Option Extension Agreement (Apparel Holding Corp.)

Section 409A Compliance. (a) a. The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) thereunder, to the extent applicable, and, accordingly, to the maximum extent permitted, this Agreement shall be administered and interpreted to be in compliance therewith. In no event whatsoever shall , to the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.extent applicable.

Appears in 1 contract

Samples: Employment Agreement (Occidental Petroleum Corp /De/)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code with, or are exempt from, Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly409A. Accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewiththerewith or exempt therefrom. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive Xxxxxxx by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Appfolio Inc)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest interest, or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Severance Agreement and General Release (Addus HomeCare Corp)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) thereunder, to the extent applicable, and, accordingly, to the maximum extent permitted, this Agreement shall be administered and interpreted to be in compliance therewith. In no event whatsoever shall , to the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.extent applicable.

Appears in 1 contract

Samples: Employment Agreement (Occidental Petroleum Corp /De/)

Section 409A Compliance. (as) The intent of the parties is that payments and benefits under this Agreement either are exempt from or comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement (and payments and benefits hereunder) shall be interpreted to be exempt from or in compliance therewith. In However, in no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or for damages for failing to comply be exempt from or in compliance with Code Section 409A.409A. 31349073.7

Appears in 1 contract

Samples: Employment Agreement (DTE Electric Co)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever whatsoever, assuming compliance by the Company with the terms of this Agreement, shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Infor, Inc.)

Section 409A Compliance. (a1) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive Employee by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Sirona Dental Systems, Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section section 409A and the regulations and applicable guidance promulgated thereunder (collectively collectively, Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. with Section 409A. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty penalties that may be imposed on Executive the Consultant by Code Section 409A or any damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Consulting Agreement (Assurant Inc)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company or its affiliates be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Lifeway Foods Inc)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with with, or meet the requirements of an exemption under Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewithand construed consistent with that intent. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Novogen LTD)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company or its subsidiaries be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Quest Resource Holding Corp)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code with, or be exempt from, Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall will be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Loton, Corp)

Section 409A Compliance. (a) The intent of the parties Parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.in

Appears in 1 contract

Samples: Employment Agreement (Communications Systems Inc)

Section 409A Compliance. (ai) The intent of the parties is that payments and benefits under this Agreement comply with Internal Intemal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Holley Inc.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue with, or be exempt from, the requirements of Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be limited, construed and interpreted to be in compliance therewithaccordance with such intent. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty penalties that may be imposed on Executive you by Code Section 409A or any damages for failing to comply with Code Section 409A.409A or this Section 10.

Appears in 1 contract

Samples: Overseas Shipholding Group Inc

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with with, or are exempt from, the requirements of Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be limited, construed and interpreted to in accordance with such intent. It is intended that each installment, if any, of the payments and benefits provided hereunder shall be in compliance therewith. In no event whatsoever shall the Company be liable treated as a separate “payment” for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code purposes of Section 409A.

Appears in 1 contract

Samples: Non Competition and Non Solicitation Agreement (SM Energy Co)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code Section 409A of 1986, as amended, and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Andretti Acquisition Corp.)

Section 409A Compliance. (a1) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive You by Code Section 409A or damages for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Executive Employment Agreement (Prommis Solutions Holding Corp.)

Section 409A Compliance. (a) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively "Code Section 409A") and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted interpretted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages to Executive for failing to comply with Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Hillman Solutions Corp.)

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