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$FCPT
·
10-Q
Four Corners Property Trust, Inc. · Jul 30, 4:39 PM ET
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Four Corners Property Trust, Inc. 10-Q
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“18.11 Limitation on Liability. To the fullest extent permitted by Applicable Laws and the Company’s articles of incorporation and bylaws, no member of the Board or the Committee shall be liable for any action or determination made in good faith with respect to the Plan, any Award, or any Award Agreement. Notwithstanding any provision of the Plan to the contrary, to the fullest extent permitted by Applicable Laws and the Company’s articles of incorporation and bylaws, neither the Company, an Affiliate, the Board, the Committee, nor any person acting on behalf of the Company, an Affiliate, the Board, or the Committee will be liable to any Grantee or to the estate or beneficiary of any Grantee or to any other holder of an Award under the Plan by reason of any acceleration of income, or any additional tax (including any interest and penalties), asserted by reason of the failure of an Award to satisfy the requirements of Code Section 422 or Code Section 409A or by reason of Code Section 4999, or otherwise asserted with respect to the Award; provided,
that this Section 18.11 shall not affect any of the rights or obligations set forth in an applicable agreement between the Grantee and the Company or an Affiliate.”
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