Document ID: 10759

Text:
4\. Tax Liability. Executive expressly acknowledges that neither the Company nor its attorneys have made any representations to Executive regarding the tax consequences of the consideration provided to Executive pursuant to this Separation Agreement and Section9 of the Employment Agreement . It is the intention of the parties to this Separation Agreement that no payments made under this Separation Agreement and/or Section9 of the Employment Agreement be subject to the additional tax on deferred compensation imposed by Section 409A of the Internal Revenue Code of 1986 , as amended (the Code), but Company does not guarantee that any such payment complies with or is exempt from Code Section 409A. Each payment made under this Separation Agreement or Section9 of the Employment Agreement will be treated as a separate payment for purposes of Code Section 409A and the right to a series of installment payments under this Separation Agreement is to be treated as a right to a series of separate payments.

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Tokenized Text:
4
\
.
Tax
Liability
.
Executive
expressly
acknowledges
that
neither
the
Company
nor
its
attorneys
have
made
any
representations
to
Executive
regarding
the
tax
consequences
of
the
consideration
provided
to
Executive
pursuant
to
this
Separation
Agreement
and
Section9
of
the
Employment
Agreement
.
It
is
the
intention
of
the
parties
to
this
Separation
Agreement
that
no
payments
made
under
this
Separation
Agreement
and
/
or
Section9
of
the
Employment
Agreement
be
subject
to
the
additional
tax
on
deferred
compensation
imposed
by
Section
409A
of
the
Internal
Revenue
Code
of
1986
,
as
amended
(
the
Code
)
,
but
Company
does
not
guarantee
that
any
such
payment
complies
with
or
is
exempt
from
Code
Section
409A
.
Each
payment
made
under
this
Separation
Agreement
or
Section9
of
the
Employment
Agreement
will
be
treated
as
a
separate
payment
for
purposes
of
Code
Section
409A
and
the
right
to
a
series
of
installment
payments
under
this
Separation
Agreement
is
to
be
treated
as
a
right
to
a
series
of
separate
payments
.