Document ID: 11954

Text:
(h) Compliance with Section 409A. This Agreement is intended to comply with Section 409A of Internal Revenue Code of 1986 , as amended ("Section 409A"), to the extent applicable. Notwithstanding any provision herein to the contrary, this Agreement shall be interpreted, operated and administered consistent with this intent. Each separate installment under this Agreement shall be treated as a separate payment for purposes of determining whether such payment is subject to or exempt from compliance with the requirements of Section 409A. In addition, in the event that Employee is a "specified employee" within the meaning of Section 409A (as determined in accordance with the methodology established by Employer as in effect on the date of termination of Employee's employment hereunder), any payment or benefits hereunder that are nonqualified deferred compensation subject to the requirements of Section 409A shall be provided to Employee no earlier than six (6) months after the date of Employee's "separation from service" within the meaning of Section 409A.

Named Entities:
5
6
Regulation
18
22
Act

Tokenized Text:
(
h
)
Compliance
with
Section
409A
.
This
Agreement
is
intended
to
comply
with
Section
409A
of
Internal
Revenue
Code
of
1986
,
as
amended
(
"
Section
409A
"
)
,
to
the
extent
applicable
.
Notwithstanding
any
provision
herein
to
the
contrary
,
this
Agreement
shall
be
interpreted
,
operated
and
administered
consistent
with
this
intent
.
Each
separate
installment
under
this
Agreement
shall
be
treated
as
a
separate
payment
for
purposes
of
determining
whether
such
payment
is
subject
to
or
exempt
from
compliance
with
the
requirements
of
Section
409A
.
In
addition
,
in
the
event
that
Employee
is
a
"
specified
employee
"
within
the
meaning
of
Section
409A
(
as
determined
in
accordance
with
the
methodology
established
by
Employer
as
in
effect
on
the
date
of
termination
of
Employee
'
s
employment
hereunder
)
,
any
payment
or
benefits
hereunder
that
are
nonqualified
deferred
compensation
subject
to
the
requirements
of
Section
409A
shall
be
provided
to
Employee
no
earlier
than
six
(
6
)
months
after
the
date
of
Employee
'
s
"
separation
from
service
"
within
the
meaning
of
Section
409A
.