Common use of Delay in Payments to Specified Employees Clause in Contracts

Delay in Payments to Specified Employees. Notwithstanding any other provision of this Agreement, if Executive is a specified employee within the meaning of Code Section 409A(a)(2)(B)(i), distributions pursuant to this Section shall be delayed to the earliest day on which such payments are permitted by Code Section 409A(a)(2)(B)(i) and the regulations thereunder.

Appears in 22 contracts

Samples: Emmis Operating Company Change in Control Severance Agreement (Emmis Communications Corp), Emmis Operating Company Change in Control Severance Agreement (Emmis Communications Corp), Emmis Operating Company Change in Control Severance Agreement (Emmis Communications Corp)

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Delay in Payments to Specified Employees. Notwithstanding any other provision of this Agreement, if Executive is a specified employee within the meaning of Code Section 409A(a)(2)(B)(i), distributions pursuant to this Section shall be delayed to the earliest day on which such payments are permitted by Code Section 409A(a)(2)(B)(i) and the regulations thereunder.. Houston American – Change of Control Agreement

Appears in 1 contract

Samples: Change in Control Agreement (Houston American Energy Corp)

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