Common use of Taxes and Internal Revenue Code 409A Clause in Contracts

Taxes and Internal Revenue Code 409A. It is intended that the provisions of this Agreement comply with Section 409A of the Code, and applicable administrative guidance and regulations (“Section 409A”), and all provisions of this Agreement shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes and penalties under Section 409A and that all reimbursements provided under this Agreement shall be made or provided in accordance with Section 409A. Notwithstanding the foregoing, the Company makes no representations or warranties and shall have no responsibility regarding the tax implications of the compensation and benefits to be paid to the Consultant under this Agreement, including under Section 409A.

Appears in 4 contracts

Samples: Consulting Agreement (Scientific Games Corp), Consulting Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

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