Document ID: 10536

Text:
(g) 409A Provisions. Notwithstanding anything herein to the contrary, this Agreement is intended to be interpreted and applied so that the payment of the benefits set forth herein either shall either be exempt from the requirements of Section409A of the Internal Revenue Code of 1986 , as amended (the Code), or shall comply with the requirements of such provision. Notwithstanding any provision in this Agreement or elsewhere to the contrary, if Executive is a Specified Employee, any payments or benefits due upon a termination of Executives employment under any arrangement that constitutes a deferral of compensation within the meaning of Section409A of the Code and which do not otherwise qualify under the exemptions under Treasury Regulations Section1.409A-1 (including without limitation, the short-term deferral exemption and the permitted payments under Treasury Regulations Section1.409A-1(b)(9)(iii)(A)), shall be delayed and paid or provided on the earlier of (i)the date which is six (6)months after Executives separation from service (as defined in Section409A of the Code and the regulations and other published guidance thereunder) for any reason other than death, and (ii)the date of Executives death. Notwithstanding anything in this Agreement or elsewhere to the contrary, distributions upon termination of Executives employment may only be made upon a separation from service as determined under Section409A of the Code and such date shall be the Date of Termination for purposes of this Agreement. Each payment under this Agreement or otherwise shall be treated as a separate payment for purposes of Section409A of the Code. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement or otherwise if such designation would constitute a deferral of compensation within the meaning of Section409A of the Code. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section409A of the Code. To the extent that any reimbursements pursuant to this Agreement or otherwise are taxable to Executive, any reimbursement payment due to Executive shall be paid to Executive on or before the last day of Executives taxable year following the taxable year in which the related expense was incurred; provided, that, Executive has provided the Company written documentation of such expenses in a timely fashion and such expenses otherwise satisfy the Companys expense reimbursement policies. Reimbursements pursuant to this Agreement or otherwise are not subject to liquidation or exchange for another benefit and the amount of such reimbursements that Executive receives in one taxable year shall not affect the amount of such reimbursements that Executive receives in any other taxable year. Notwithstanding any of the foregoing to the contrary, the Company and its officers, directors, employees, agents, and representatives make no guarantee that the terms of this Agreement complies with, or is exempt from, the provisions of Code Section409A, and none of the foregoing shall have any liability for the failure of the terms of this Agreement to comply with, or be exempt from, the provisions of Code Section409A.

Named Entities:
41
41
TerminationDate
44
48
Act
124
128
Regulation
531
532
Regulation

Tokenized Text:
(
g
)
409A
Provisions
.
Notwithstanding
anything
herein
to
the
contrary
,
this
Agreement
is
intended
to
be
interpreted
and
applied
so
that
the
payment
of
the
benefits
set
forth
herein
either
shall
either
be
exempt
from
the
requirements
of
Section409A
of
the
Internal
Revenue
Code
of
1986
,
as
amended
(
the
Code
)
,
or
shall
comply
with
the
requirements
of
such
provision
.
Notwithstanding
any
provision
in
this
Agreement
or
elsewhere
to
the
contrary
,
if
Executive
is
a
Specified
Employee
,
any
payments
or
benefits
due
upon
a
termination
of
Executives
employment
under
any
arrangement
that
constitutes
a
deferral
of
compensation
within
the
meaning
of
Section409A
of
the
Code
and
which
do
not
otherwise
qualify
under
the
exemptions
under
Treasury
Regulations
Section1
.
409A-1
(
including
without
limitation
,
the
short-term
deferral
exemption
and
the
permitted
payments
under
Treasury
Regulations
Section1
.
409A-1
(
b
)
(
9
)
(
iii
)
(
A
)
)
,
shall
be
delayed
and
paid
or
provided
on
the
earlier
of
(
i
)
the
date
which
is
six
(
6
)
months
after
Executives
separation
from
service
(
as
defined
in
Section409A
of
the
Code
and
the
regulations
and
other
published
guidance
thereunder
)
for
any
reason
other
than
death
,
and
(
ii
)
the
date
of
Executives
death
.
Notwithstanding
anything
in
this
Agreement
or
elsewhere
to
the
contrary
,
distributions
upon
termination
of
Executives
employment
may
only
be
made
upon
a
separation
from
service
as
determined
under
Section409A
of
the
Code
and
such
date
shall
be
the
Date
of
Termination
for
purposes
of
this
Agreement
.
Each
payment
under
this
Agreement
or
otherwise
shall
be
treated
as
a
separate
payment
for
purposes
of
Section409A
of
the
Code
.
In
no
event
may
Executive
,
directly
or
indirectly
,
designate
the
calendar
year
of
any
payment
to
be
made
under
this
Agreement
or
otherwise
if
such
designation
would
constitute
a
deferral
of
compensation
within
the
meaning
of
Section409A
of
the
Code
.
All
reimbursements
and
in-kind
benefits
provided
under
this
Agreement
shall
be
made
or
provided
in
accordance
with
the
requirements
of
Section409A
of
the
Code
.
To
the
extent
that
any
reimbursements
pursuant
to
this
Agreement
or
otherwise
are
taxable
to
Executive
,
any
reimbursement
payment
due
to
Executive
shall
be
paid
to
Executive
on
or
before
the
last
day
of
Executives
taxable
year
following
the
taxable
year
in
which
the
related
expense
was
incurred
;
provided
,
that
,
Executive
has
provided
the
Company
written
documentation
of
such
expenses
in
a
timely
fashion
and
such
expenses
otherwise
satisfy
the
Companys
expense
reimbursement
policies
.
Reimbursements
pursuant
to
this
Agreement
or
otherwise
are
not
subject
to
liquidation
or
exchange
for
another
benefit
and
the
amount
of
such
reimbursements
that
Executive
receives
in
one
taxable
year
shall
not
affect
the
amount
of
such
reimbursements
that
Executive
receives
in
any
other
taxable
year
.
Notwithstanding
any
of
the
foregoing
to
the
contrary
,
the
Company
and
its
officers
,
directors
,
employees
,
agents
,
and
representatives
make
no
guarantee
that
the
terms
of
this
Agreement
complies
with
,
or
is
exempt
from
,
the
provisions
of
Code
Section409A
,
and
none
of
the
foregoing
shall
have
any
liability
for
the
failure
of
the
terms
of
this
Agreement
to
comply
with
,
or
be
exempt
from
,
the
provisions
of
Code
Section409A
.