Section 409A of the Code definition

Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.
Section 409A of the Code or “Section 409A” means Section 409A of the Code and all regulations, guidance, compliance programs, and other interpretive authority issued thereunder;
Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable Treasury regulation or other official guidance promulgated thereunder.

Examples of Section 409A of the Code in a sentence

  • For purposes of this Agreement, the phrase “Separation from Service” (or any form thereof) shall have the meaning set forth in Section 409A of the Code (“Section 409A”) and Treasury Regulation Section 1.409A-1(h)(1), including the default presumptions thereunder.

  • This Agreement is intended to be exempt from the provisions of Section 409A of the Code and the rules and regulations promulgated thereunder.

  • The Company reserves the right to change the terms of this Agreement and the Plan without your consent to the extent necessary or desirable to comply with the requirements of Section 409A of the Code, the Treasury regulations and other guidance thereunder.

  • Notwithstanding any other timing provision in this Section 6, if, at the time any payment under this Agreement becomes subject to Section 409A of the Code, does not satisfy a 409A exemption, would commence due to a separation from service, and Executive is a “specified employee” as defined by Section 409A of the Code, then no such payment may be paid before the earlier of the date (i) that is six (6) months after Executive’s separation from service, or (ii) of the individual’s death.

  • Payments under this Agreement are intended to be exempt from Section 409A of the Code to the maximum extent possible, including to the extent subject to a substantial risk of forfeiture, as an involuntary separation pay plan (under Treasury Regulation § 1.409A-1(b)(9)) and as providing for short-term deferrals (under Treasury Regulation § 1.409A-1(b)(4)) and shall be interpreted and operated consistently with those intentions.


More Definitions of Section 409A of the Code

Section 409A of the Code means Section 409A of the U.S. Internal Revenue Code of 1986, as amended, and the regulations and guidance thereunder (regarding nonqualified deferred compensation).
Section 409A of the Code means Section 409A of the Code and any Treasury regulations thereunder.
Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code.
Section 409A of the Code means Section 409A of the Code and the applicable rules, regulations and guidance promulgated thereunder.
Section 409A of the Code means Section 409A of the Code and any final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time.
Section 409A of the Code means Section 409A of the Code, the Treasury Regulations promulgated thereunder as in effect from time to time, and related guidance as may be amended from time to time;
Section 409A of the Code means Section 409A of the Code, as amended from time to time, and the applicable rules and regulations promulgated thereunder.