409A Subsidiary

409A Subsidiary. Shall mean any entity that is controlled by the Company within the meaning of Treasury Regulation Section 1.414(c)-2(b)(2)(i), except that the phrase "at least 50 percent" shall be used in place of "at least 80 percent", and further provided that the phrase "at least 20 percent" may be used in place of "at least 80 percent" with respect to grants of Options or SARs made to eligible individuals based on legitimate business criteria of the Company within the... meaning of Code Section 409A. View More