Installments. Your right to receive any installment payments under this letter 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 20 contracts
Samples: Change of Control Severance Agreement (T2 Biosystems, Inc.), Change of Control Severance Agreement (T2 Biosystems, Inc.), T2 Biosystems, Inc.
