Installments. For purposes of Section 409A of the Code, any right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A of the Code.
Appears in 10 contracts
Samples: Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx)
Installments. For purposes of Code Section 409A of 409A, the Code, any right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A of the Code.Code section 409A.
Appears in 4 contracts
Samples: Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Supplemental Retirement Income Agreement (Oceanfirst Financial Corp)
Installments. For purposes of Section 409A of the Code, any right to a series of installment payments under this Restated Agreement shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A of the Code.
Appears in 2 contracts
Samples: Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx)
Installments. For purposes of Section 409A of the Code, any right to a series of installment payments under this Employment Agreement shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A of the Code.
Appears in 1 contract
Samples: Executive Employment Contract (PMC Commercial Trust /Tx)
Installments. For purposes of Section 409A of 409A, the Code, any right to a series of installment payments under this Agreement hereunder shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A of the Codepayments.
Appears in 1 contract
