Section 409A Limit Definition Example

This example Section 409A Limit definition appears in 15 contracts from 3 companies

Section 409A Limit. For purposes of this Agreement, "Section 409A Limit" 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 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 Arrow
Geeknet, Inc Contracts

GEEKNET, INC. (Filed With SEC on May 6, 2011)

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