Performance-based Compensation. If any Bonus Compensation constitutes "performance-based compensation" within the meaning of Treas. Reg. [Section 1.409A-1(e)])], then the Election Period for such amounts shall be determined by the Plan Committee in accordance with Treas. Reg. [Section 1.409A-1(e)])] (and in no event later than the date on which the amount of the performance-based compensation becomes readily ascertainable).
Performance-based Compensation. If any Bonus Compensation constitutes 1">"performance-1">“performance-based 3">compensation"3">compensation” within the meaning of Treas. Reg. [Section 1.409A-1(e)])], 5">then5">then, to the extent permitted by the Plan Administrator, the Election Period for such amounts shall 7">be determined by7">end no later than six months before the 9">Plan Committee in accordance with Treas. Reg. [Section 1.409A-1(e)])]9">end of the performance period for which the Bonus Compensation is earned (and in no event later than the date on which the amount of the 11">performance-based compensation11">Bonus Compensation becomes readily ascertainable).
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.