Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes). It is not an acceleration of the time or schedule of payment if the Employer waives or accelerates the vesting requirements applicable to a benefit under the Plan.
Appears in 12 contracts
Sources: Nonqualified Deferred Compensation Plan Adoption Agreement (Mercantile Bank Corp), Nonqualified Deferred Compensation Plan Adoption Agreement (First Community Bankshares Inc /Va/), Adoption Agreement (Huttig Building Products Inc)
Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes)Code. It is not an acceleration of the time or schedule of payment if the Employer waives or accelerates the vesting requirements applicable to a benefit under the Plan.
Appears in 7 contracts
Sources: Executive Nonqualified Excess Plan Document (Sandridge Energy Inc), Nonqualified Deferred Compensation Plan (Amc Entertainment Inc), Nonqualified Deferred Compensation Plan (Marquee Holdings Inc.)
Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes)Code. It is not an acceleration of the time or schedule of payment if the Employer waives or accelerates the any vesting requirements applicable to a benefit under the Plan.
Appears in 2 contracts
Sources: Nonqualified Deferred Compensation Plan (Amc Entertainment Inc), Nonqualified Deferred Compensation Plan (Amc Entertainment Holdings, Inc.)
Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes). It is not an acceleration of the time or schedule of payment if the Employer Company waives or accelerates the vesting requirements applicable to a benefit under the Plan.
Appears in 1 contract
Sources: Deferred Compensation Plan (Everus Construction Group, Inc.)