Examples of Section 162(m) Exemption in a sentence

The amount of such a Qualified Performance-Based Award designed to qualify for the Section 162(m) Exemption that is actually paid or granted to a Participant may be less than the amount determined by the applicable Performance Goal formula, at the discretion of the Committee, subject to the terms and conditions of the applicable Award Agreement, and shall be paid to the Participant at the time set forth in the applicable Award Agreement.
No delegate of the Committee shall exercise authority granted to the Committee to the extent that the exercise of such authority would cause an Award designated as a Qualified Performance-Based Award not to qualify, or to cease to qualify, for the Section 162(m) Exemption.

More Definitions of Section 162(m) Exemption

Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) as set forth in Section 162(m)(4)(C) of the Code and the applicable rulings and regulations thereunder.

Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Code Section 162(m) that is set forth in Code Section 162(m)(4)(C) or any successor provision thereto.

Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m)(4)(C) of the Code.

Section 162(m) Exemption means the performance-based compensation exemption from the limitation on deductibility imposed by Section 162(m) of the Code described in Section 162(m)(4)(C) of the Code and related regulations.

Section 162(m) Exemption means the exemption from the limitation of deductibility under Section 162(m)(4)(C) of the Code.

Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m)(4)