Section 409A Change in Control definition

Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Section 409A Change in Control means a Change in Control that satisfies the requirements of a change in control for purposes of Code Section 409A(a)(2)(A)(v) and the Treasury regulations and guidance issued thereunder.

Section 409A Change in Control means a change in ownership or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company within the meaning of Treas. Reg. §1.409A-3(i)(5).

Examples of Section 409A Change in Control in a sentence

If such Change in Control is not a Section 409A Change in Control, then all of the Units that become eligible to vest based on deemed achievement of the performance goals pursuant to Section 17(a) shall be converted into cash in accordance with Section 17(c) below and payment shall be made on the Payment Date.
If the Award constitutes non-qualified deferred compensation subject to Section 409A, as determined in the sole discretion of the Company, and the Change in Control constitutes a Section 409A Change in Control, then a pro rata portion of the Units that become eligible to vest based on deemed achievement of the performance goals pursuant to Section 17(a), as determined in Section 17(b)(ii) hereof, shall be paid to the Participant immediately prior to the Change in Control in the form of shares of Stock.

More Definitions of Section 409A Change in Control

Section 409A Change in Control means a Change in Control that also constitutes a “change in ownership or effective control” of the Company or a “change in ownership of a substantial portion of the assets of” the Company, in each case within the meaning of Section 409A of the Code. Notwithstanding anything to the contrary contained herein, no Shares may be transferred to any person other than the Grantee unless such other person demonstrates to the reasonable satisfaction of the Company such person’s right to the transfer.

Section 409A Change in Control means a “change in the ownership or effective control of the corporation, or in the ownership of a substantial portion of the assets of the corporation,” within the meaning of Section 409A of the Code, as such definition applies to the Company.

Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in

Section 409A Change in Control means a Change in Control that satisfies the requirements for a change in the ownership or effective control of the Company, or a change in the ownership of a substantial portion of the assets of the Company, under Section 409A of the Code as determined pursuant to Treasury Regulations or other applicable guidance issued under Section 409A.

Section 409A Change in Control means an event that (i) constitutes a “Change in Control” as defined in the Plan and (ii) constitutes a “change in the ownership”, “change in effective control” or “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 1.409A-3(i)(5) of the Treasury Regulations.

Section 409A Change in Control means an event described in Section 409A(a)(2)(v) of the Code and the regulations promulgated thereunder.

Section 409A Change in Control means any event described in Section 2 of this Agreement if such event also is a “change in control event” within the meaning of the regulations under Section 409A(a)(2)(A)(v) of the Code determined in accordance with the uniform methodology and procedures adopted by the Company.