Section 409A Award definition

Section 409A Award means an Award that is subject to the requirements of Section 409A.

Section 409A Award means an Award that provides for a “deferral of compensation” within the meaning of Section 409A of the Code.

Section 409A Award means an Award that is subject to and intended to comply with the requirements of Section 409A.

Examples of Section 409A Award in a sentence

• Notwithstanding the foregoing, in the event that the Award is not so continued or assumed in connection with a Change in Control, the payment of a Section 409A Award will only be accelerated if the Change in Control also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A and will not result in additional taxes under Section 409A.

• Notwithstanding the foregoing, with respect to any Section 409A Award, all leaves of absences and determinations of terminations of employment must be construed and interpreted consistent with the requirements of Section 409A and the definition of “separation from service” thereunder.

• Notwithstanding the foregoing, with respect to a Section 409A Award, the Committee may specify that the definition of Change in Control must also constitute an event that is a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A.

• This Section 15.3 and Section 15.4 shall not apply to or affect a Section 409A Award, including without limitation the payment, vesting or timing of payment of a Section 409A Award.

More Definitions of Section 409A Award

Section 409A Award means an Award that is not exempt from Section 409A.

Section 409A Award means an Award that constitutes a “nonqualified deferred compensation plan” under Section 409A of the Code and does not satisfy an exception therefrom.

Section 409A Award means any Award determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A.

Section 409A Award and has a fixed exercise date or is otherwise designed to comply with Code Section 409A); and

Section 409A Award has the meaning set forth in Section 5(a)(i).

Section 409A Award means an Award granted under the Plan that is subject to Code Section 409A because it both falls within the scope of Code Section 409A and does not satisfy an applicable exemption from Code Section 409A.

Section 409A Award means any Award, which provides for the “deferral of compensation” within the meaning of Section 1.409A-1(b) of the Treasury Regulations, which is not otherwise exempt from the requirements of Section 409A of the Code.