Common use of Section 409A of the Internal Revenue Code Clause in Contracts

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company or a Subsidiary, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive would receive any payment that, absent the application of this Section 7.16, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date, (2) the Executive’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 8 contracts

Samples: Dan Moen Employment Agreement (Coldwater Creek Inc), Jeffrey Parisian Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc)

AutoNDA by SimpleDocs

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of the Executive’s employment with the Company or a SubsidiarySeparation from Service, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such terminationSeparation from Service, the Executive would receive any payment of non-qualified deferred compensation that, absent the application of this Section 7.168.18, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Code Section 409A(a)(2)(B)(i) of the Code(pertaining to “specified employees”), then no such payment shall be payable prior to the date that is the earliest of (1) 6 six months after the date of Executive’s termination dateSeparation from Service, (2) the Executive’s death death, or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (Ciber Inc)

Section 409A of the Internal Revenue Code. (ai) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company Sunrise or a Subsidiary, any of the CompanySunrise’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive would receive any payment that, absent the application of this Section 7.164(h), would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i409A(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date, (2) the Executive’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (Sunrise Senior Living Inc)

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company or a Subsidiary, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive would receive any payment that, absent the application of this Section 7.167.17, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date, (2) the Executive’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (Ai) on the date of termination of the Executive’s employment with the Company or a SubsidiarySeparation from Service, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (Bii) as a result of such terminationSeparation from Service, the Executive would receive any payment of non-qualified deferred compensation that, absent the application of this Section 7.168.18, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Code Section 409A(a)(2)(B)(i) of the Code(pertaining to “specified employees”), then no such payment shall be payable prior to the date that is the earliest of (1) 6 six months after the date of Executive’s termination dateSeparation from Service, (2) the Executive’s death death, or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (Ciber Inc)

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company or a Subsidiary, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive would receive any payment that, absent the application of this Section 7.167.17, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i409A(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date, (2) the Executive’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

AutoNDA by SimpleDocs

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company or a Subsidiarysubsidiary, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive would receive any payment that, absent the application of this Section 7.168.17, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date, (2) the Executive’s death death, or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: David Peterschmidt Employment Agreement (Ciber Inc)

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company or a Subsidiary, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive would receive any payment that, absent the application of this Section 7.169.17, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i409A(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date, (2) the Executive’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

Section 409A of the Internal Revenue Code. (a) Anything in this Agreement to the contrary notwithstanding, if (A) on the date of termination of ExecutiveEMPLOYEE’s employment with the Company or a Subsidiary, any of the Company’s stock is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)) and (B) as a result of such termination, the Executive EMPLOYEE would receive any payment that, absent the application of this Section 7.164.7, would be subject to interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i409A(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the ExecutiveEMPLOYEE’s termination date, (2) the ExecutiveEMPLOYEE’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax.

Appears in 1 contract

Samples: Employment Agreement (Xm Satellite Radio Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.