Section 409A Threshold

Example Definitions of "Section 409A Threshold"
Section 409A Threshold. With respect to Executive, refer to an amount equal to two times the lesser of (i) Executive's annual base compensation for services provided to Sears and any Sears Affiliate as an employee for the calendar year preceding the calendar year in which Executive has a Separation from Service with Sears and each Sears Affiliate; or (ii) the maximum amount that may be taken into account under a qualified plan in accordance with Code Section 401(a)(17).
Found in SEARS HOLDINGS CORP contract
Section 409A Threshold. With respect to Executive, refer to an An amount equal to two times the lesser of (i) Executive's annual base compensation (as defined under Treasury Regulation Section 1.415-1(d)(2)) for services provided to Sears and any Sears Affiliate as an employee for the calendar year preceding the calendar year in which Executive has a Separation from Service with Sears and each Sears Affiliate; or (ii) the maximum amount that may be taken into account under a qualified plan in accordance with Code... Section 401(a)(17). View More
Found in SEARS HOLDINGS CORP contract
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Section 409A Threshold. An amount equal to two times the lesser of (i) Executive's base salary for services provided to Sears and any Sears Affiliate as an employee for the calendar year preceding the calendar year in which Executive has a Separation from Service; or (ii) the maximum amount that may be taken into account under a qualified plan in accordance with Code Section 401(a)(17) for the calendar year in which the Executive has a Separation from Service. In all events, this amount shall be limited to the amount... specified under Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) or any successor thereto. View More
Found in SEARS HOLDINGS CORP contract
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