Section 409A Limit Definition Example with 8 Variations

This page contains an example definition of Section 409A Limit, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Section 409A Limit. The lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's taxable year preceding the Company's taxable year of Executive's termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for... the year in which Executive's employment is terminated. View More
Found in INFINERA Corp contract

Variations

Section 409A Limit. The lesser the limit necessary for compliance with Treasury Regulation 1.409A-1(b)(9)(iii), which, as of the date hereof, is two (2) times: times the lesser of: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's taxable year preceding the Company's taxable year of Executive's termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect... thereto; or and (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. terminated View More
Found in Cytokinetics, Incorporated contract
Section 409A Limit. The the lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued separation from service with respect thereto; the Company; or (ii) the maximum amount that may be taken into account under... a qualified plan pursuant to Code Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in Tintri, Inc. contract
Section 409A Limit. The will mean the lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may... be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in 3 Contracts from 2 Companies
Section 409A Limit. The will mean the lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under Treasury Regulation Section 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan... pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in 2 Contracts from AMBARELLA INC
Section 409A Limit. The means the lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be... taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in 3 Contracts from 2 Companies
Section 409A Limit. The lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into... account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in PACIFIC BIOSCIENCES OF CALIFORNIA, INC. contract
Section 409A Limit. The means the lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) 1.409A-l(b)(9)(iii)(A)(l) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the... maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in 3 Contracts from PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Section 409A Limit. The means the lesser of two (2) times: (i) Executive's annualized compensation based upon the annual rate of pay paid to Executive during the Company's Executive's taxable year preceding the Company's Executive's taxable year of Executive's termination of employment as determined under under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and 1.409A-l(b)(9)(iii)(A)(l)and any Internal Revenue Service guidance issued with respect thereto; or (ii) the... maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive's employment is terminated. View More
Found in PACIFIC BIOSCIENCES OF CALIFORNIA, INC. contract
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