Common use of Special Distribution Rules to Comply with Code Section 409A Clause in Contracts

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the Performance Share Units will be subject to Plan Section 11(k), including the following restrictions on settlement:

Appears in 5 contracts

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co)

AutoNDA by SimpleDocs

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the each tranche of Performance Share Units will be subject to Plan Section 11(k), including the following restrictions on settlement:

Appears in 3 contracts

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the Performance Share Units will be subject to Plan Section 11(k)our 409A Compliance Rules, including the following restrictions on settlement:

Appears in 2 contracts

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on at the Award Datedate of grant. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the each tranche of Performance Share Units will be subject to Plan Section 11(k)) of the Plan, including the following restrictions on settlement:

Appears in 2 contracts

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the each tranche of Performance Share Units will be subject to Plan Section 11(k)18, including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Share Units Agreement (Nn Inc)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the Performance Share Units will be subject to Plan Section 11(k)) of the Plan, including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute Shares constitutes a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on at the Award Date. date of grant.1 As a result, the timing of settlement of your Performance Share Units Shares will be subject to applicable limitations under Code Section 409A. Specifically, the each tranche of Performance Share Units Shares will be subject to Plan Section 11(k)) of the Plan, including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Shares Agreement (Bristol Myers Squibb Co)

AutoNDA by SimpleDocs

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the Performance Share Units will be subject to Plan Section 11(k14(c), including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on at the Award Datedate of grant. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the each tranche of Performance Share Units will be subject to Plan Section 11(k), including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute Shares constitutes a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on at the Award Datedate of grant. As a result, the timing of settlement of your Performance Share Units Shares will be subject to applicable limitations under Code Section 409A. Specifically, the each tranche of Performance Share Units Shares will be subject to Plan Section 11(k)) of the Plan, including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Shares Agreement (Bristol Myers Squibb Co)

Special Distribution Rules to Comply with Code Section 409A. The Performance Share Units constitute a “deferral of compensation” under Section 409A of the Internal Revenue Code (the “Code”), based on Internal Revenue Service regulations and guidance in effect on the Award Date. As a result, the timing of settlement of your Performance Share Units will be subject to applicable limitations under Code Section 409A. Specifically, the Performance Share Units will be subject to Plan Section 11(k16.15(b), including the following restrictions on settlement:

Appears in 1 contract

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co)

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