Common use of Installments Clause in Contracts

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 188 contracts

Samples: Employment Agreement (Latch, Inc.), Employment Agreement (Seres Therapeutics, Inc.), Employment Agreement (Immuneering Corp)

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Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 21 contracts

Samples: Employment Agreement (PARTS iD, Inc.), Loyalty Agreement (CarLotz, Inc.), Employment Agreement (CarLotz, Inc.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any salary continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax tax, interest or interest penalties pursuant to Section 409A.

Appears in 12 contracts

Samples: Employment Agreement (Nogin, Inc.), Employment Agreement (Nogin, Inc.), Amended and Restated Employment Agreement (Lindblad Expeditions Holdings, Inc.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation of salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 6 contracts

Samples: Employment Agreement (Merus N.V.), Employment Agreement (Merus N.V.), Employment Agreement (Merus N.V.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (TransUnion), Employment Agreement (DOVER Corp)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation of salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Merus N.V.), Employment Agreement (Merus N.V.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any salary continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.409A

Appears in 2 contracts

Samples: Employment Agreement (Allison Transmission Holdings Inc), Employment Agreement (Allison Transmission Holdings Inc)

Installments. Executive’s right to receive any installment payments or benefits under this Agreement, including without limitation any lump sum payment or salary continuation salary payments that are payable on Company payroll datespayments, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment or benefit shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Coupang, Inc.), Employment Agreement (Coupang, Inc.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that Agreement are payable on Company payroll dates, shall to be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall will at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall under this Agreement will be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 2 contracts

Samples: Retirement Agreement (Associated Banc-Corp), Retirement Agreement (Miller Herman Inc)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted The Employer may accelerate the payment of any amount under Section 409Athis Agreement; provided, that, no payment hereunder under this Agreement shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 2 contracts

Samples: Service Agreement (Diageo PLC), Service Agreement (Diageo PLC)

Installments. The Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company Corporation payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Li-Cycle Holdings Corp.), Employment Agreement (Li-Cycle Holdings Corp.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Treasury Regulation Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.1.409A-2(b)(2)(iii).

Appears in 2 contracts

Samples: Employment Agreement (Avago Technologies LTD), Employment Agreement (Avago Technologies LTD)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall will at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 1 contract

Samples: Retirement Agreement (Columbus McKinnon Corp)

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Installments. Executive’s 's right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 1 contract

Samples: Employment Agreement (PPD, Inc.)

Installments. Executive’s 's right to receive any installment payments under this Agreement, including without limitation any salary continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax tax, interest or interest penalties pursuant to Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Lindblad Expeditions Holdings, Inc.)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.409A. 14.

Appears in 1 contract

Samples: Execution Version Employment Agreement (Kemet Corp)

Installments. The Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.409A. Exhibit 10.2

Appears in 1 contract

Samples: Retirement, Transition and Consulting Agreement (Gates Industrial Corp PLC)

Installments. Executive’s right to receive any installment payments under this Agreement, including including, without limitation limitation, any continuation of salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Merus N.V.)

Installments. The Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted The Employer may accelerate the payment of any amount under Section 409Athis Agreement; provided, that, no payment hereunder under this Agreement shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 1 contract

Samples: Service Agreement (Diageo PLC)

Installments. Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Rotech Healthcare Inc)

Installments. Executive’s right to receive any installment or other payments under this Agreement, including without limitation any salary continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment or other payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax tax, interest or interest penalties pursuant to Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Lindblad Expeditions Holdings, Inc.)

Installments. The Executive’s right to receive any installment payments under this Agreement, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. Except as otherwise permitted under Section 409A, no payment hereunder shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Appears in 1 contract

Samples: Retirement and Transition Agreement (Gates Industrial Corp PLC)

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