Extract to table

Deferred compensation plan provisions must be confirmed compliant with change of control rules under Section 409A of the Internal Revenue Code

The existence and consultation rights of any Betriebsrat (works council) at Veltronix GmbH must be confirmed and, if applicable, satisfied in advance of or concurrently with closing

Deferral elections must be made prior to the beginning of the applicable calendar year (or within 30 days of initial eligibility, as applicable)

RSUs that are settled in cash upon the change of control must satisfy the requirements of Section 409A with respect to the timing and form of payment

), post-termination non-competition clauses are enforceable subject to certain conditions: (i) the restriction must be in writing, (ii) the employee must have had access to the employer's clientele or business secrets, (iii) the restriction must be limited in terms of geographic scope, subject matter, and duration (maximum of three years, though courts typically enforce durations of 12 to 18 months for senior employees), and (iv) the restriction must not unreasonably jeopardize the employee's economic livelihood