Document ID: 10079

Text:
(a) The parties agree that this Agreement shall be interpreted to comply with or, to the extent possible, be exempt from Section409A of the Internal Revenue Code , as amended (the Code), and the regulations and guidance promulgated thereunder to the extent applicable (collectively Code Section409A), and all provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section409A. Except to the extent attributable to a breach of this Agreement by the Company, in no event whatsoever will the Company be liable for any additional tax, interest or penalties that may be imposed on Executive under Code Section409A or any damages for failing to comply with Code Section409A.

Named Entities:
28
30
Act
52
53
Regulation

Tokenized Text:
(
a
)
The
parties
agree
that
this
Agreement
shall
be
interpreted
to
comply
with
or
,
to
the
extent
possible
,
be
exempt
from
Section409A
of
the
Internal
Revenue
Code
,
as
amended
(
the
Code
)
,
and
the
regulations
and
guidance
promulgated
thereunder
to
the
extent
applicable
(
collectively
Code
Section409A
)
,
and
all
provisions
of
this
Agreement
shall
be
construed
in
a
manner
consistent
with
the
requirements
for
avoiding
taxes
or
penalties
under
Code
Section409A
.
Except
to
the
extent
attributable
to
a
breach
of
this
Agreement
by
the
Company
,
in
no
event
whatsoever
will
the
Company
be
liable
for
any
additional
tax
,
interest
or
penalties
that
may
be
imposed
on
Executive
under
Code
Section409A
or
any
damages
for
failing
to
comply
with
Code
Section409A
.