Document ID: 10842

Text:
20. Section 409A.2 It is intended that this Agreement comply with, or be exempt from, Code Section 409A and the final regulations and official guidance thereunder (Section 409A) and any ambiguities herein will be interpreted to so comply and/or be exempt from Section 409A. Each payment and benefit to be paid or provided under this Agreement is intended to constitute a series of separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. The Company and Employee will work together in good faith to consider either (i) amendments to this Agreement; or (ii) revisions to this Agreement with respect to the payment of any awards, which are necessary or appropriate to avoid imposition of any additional tax or income recognition prior to the actual payment to Employee under Section 409A. In no event will the Releasees reimburse Employee for any taxes imposed or other costs incurred as a result of Section 409A.

Named Entities:
20
22
Regulation
90
91
Regulation

Tokenized Text:
20
.
Section
409A
.
2
It
is
intended
that
this
Agreement
comply
with
,
or
be
exempt
from
,
Code
Section
409A
and
the
final
regulations
and
official
guidance
thereunder
(
Section
409A
)
and
any
ambiguities
herein
will
be
interpreted
to
so
comply
and
/
or
be
exempt
from
Section
409A
.
Each
payment
and
benefit
to
be
paid
or
provided
under
this
Agreement
is
intended
to
constitute
a
series
of
separate
payments
for
purposes
of
Section
1
.
409A-2
(
b
)
(
2
)
of
the
Treasury
Regulations
.
The
Company
and
Employee
will
work
together
in
good
faith
to
consider
either
(
i
)
amendments
to
this
Agreement
;
or
(
ii
)
revisions
to
this
Agreement
with
respect
to
the
payment
of
any
awards
,
which
are
necessary
or
appropriate
to
avoid
imposition
of
any
additional
tax
or
income
recognition
prior
to
the
actual
payment
to
Employee
under
Section
409A
.
In
no
event
will
the
Releasees
reimburse
Employee
for
any
taxes
imposed
or
other
costs
incurred
as
a
result
of
Section
409A
.