Common use of Internal Revenue Code Section 409A Clause in Contracts

Internal Revenue Code Section 409A. Notwithstanding anything contained herein to the contrary, if at the time of a termination of employment, (i) Employee is a "specified employee" as defined in Code Section 409A, and the regulations and guidance thereunder in effect at the time of such termination ("409A"), and, (ii) any of the payments or benefits provided hereunder may constitute "deferred compensation" under 409A, then, and only to the extent required by such provisions, the date of payment of such payments or benefits otherwise provided shall be delayed for a period of up to six (6) months following the date of termination.

Internal Revenue Code Section 409A. Notwithstanding anything contained herein to the contrary, if at the time of a termination of employment, (i) Employee is a "“specified employee" ” as defined in Code Section 409A, and the regulations and guidance thereunder in effect at the time of such termination ("“409A"”), and, (ii) any of the payments or benefits provided hereunder may constitute "“deferred compensation" ” under 409A, then, and only to the extent required by such provisions, the date of payment of such payments or benefits otherwise provided shall be delayed for a period of up to six (6) months following the date of termination. The parties intend, however, that this Agreement shall be exempt from the 409A as either a separation pay arrangement or a short term deferral of compensation.

Internal Revenue Code Section 409A. Notwithstanding anything contained herein to the contrary, if at the time of a termination of employment, (i) Employee is a "“specified employee" ” as defined in Code Section 409A, 409A and the regulations and guidance thereunder in effect at the time of such termination ("“409A"”), ; and, (ii) any of the payments or benefits provided hereunder may constitute "“deferred compensation" ” under 409A, then, and only to the extent required by such provisions, the date of payment of such payments or benefits otherwise provided shall be delayed for a period of up to six (6) months following the date of termination.

Internal Revenue Code Section 409A. Notwithstanding anything contained herein to the contrary, if at the time of a termination of employment, (i) Employee Executive is a "“specified employee" ” as defined in Internal Revenue Code Section 409A, and the regulations and guidance thereunder in effect at the time of such termination ("“409A"”), and, (ii) any of the payments or benefits provided hereunder may constitute "“deferred compensation" ” under 409A, then, and only to the extent required by such provisions, the date of payment of such payments or benefits otherwise provided shall be delayed for a period of up to six (6) months following the date of termination.

Internal Revenue Code Section 409A. Notwithstanding anything contained herein to the contrary, if at the time of a termination of employment, (i) Employee is a "“specified employee" ” as defined in Code Section 409A, and the regulations and guidance thereunder in effect at the time of such termination ("409A")termination, and, (ii) any of the payments or benefits provided hereunder may constitute "“deferred compensation" ” under 409A, then, and only to the extent required by such provisions, the date of payment of such payments or benefits otherwise provided shall be delayed for a period of up to six (6) months following the date of termination. The parties intend, however, that this Agreement shall be exempt from the 409A as either a separation pay arrangement or a short term deferral of compensation.

Internal Revenue Code Section 409A. Notwithstanding anything contained herein to the contrary, if at the time of a termination of employment, (i) Employee is a "“specified employee" ” as defined in Internal Revenue Code Section 409A, and the regulations and guidance thereunder in effect at the time of such termination ("“409A"”), and, (ii) any of the payments or benefits provided hereunder may constitute "“deferred compensation" ” under 409A, then, and only to the extent required by such provisions, the date of payment of such payments or benefits otherwise provided shall be delayed for a period of up to six (6) months following the date of termination.