This example Section 409A Limit definition appears in
3 contracts
from
2 companies
Section 409A Limit. 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 Executive's taxable year preceding the Executive's taxable year of Executive's termination of employment as determined 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
