Permitted Acceleration Sample Clauses
The Permitted Acceleration clause defines the circumstances under which a lender or creditor is allowed to demand early repayment of a loan or obligation before its scheduled maturity. Typically, this clause outlines specific events—such as a borrower's default, insolvency, or breach of contract—that trigger the right to accelerate repayment. By clearly specifying these conditions, the clause provides both parties with certainty regarding when early repayment can be enforced, thereby managing risk and ensuring that lenders have a mechanism to protect their interests if the borrower's financial situation deteriorates.
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Permitted Acceleration. Company shall have the sole authority to make any accelerated distribution to Executive of Non-Exempt Deferred Compensation payable hereunder, provided that such distribution(s) are permissible under and meet the requirements of Treas. Reg. Section 1.409A-3(j)(4).
Permitted Acceleration. The Bank shall have the sole authority to make any accelerated distribution permissible under Treas. Reg. Section 1.409A-3(j)(4) to Executive of deferred amounts, provided that such distribution meets the requirements of Treas. Reg. Section 1.409A-3(j)(4).
Permitted Acceleration. The Company shall have the sole authority to make any accelerated distribution permissible under Treas. Reg. Section 1.409A-3(j)(4) to Executive of deferred amounts, provided that such distribution meets the requirements of Treas. Reg. Section 1.409A-3(j)(4).
Permitted Acceleration. The Company shall have the sole authority to make any accelerated distribution permissible under Treas. Reg. Section 1.409A-3(j)(4) to Employee of deferred amounts, provided that such distribution meets the requirements of Treas. Reg. Section 1.409A-3(j)(4). The parties hereto have executed and delivered this Agreement as of the Effective Date. /s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Chairman of the Board Date: June 10, 2011 Date: June 10, 2011 EMPLOYMENT AGREEMENT DATED AS OF DECEMBER 10, 2007, AND AMENDED AND RESTATED AS OF JUNE 10, 2011, BY AND BETWEEN IMMUCOR, INC. AND ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Base compensation: $379,500.00 a year payable in 26 installments every two weeks. Outplacement Assistance Benefit: $30,000.00. /s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Chairman of the Board Date: June 10, 2011 Date: June 10, 2011 [EMPLOYEE ADDRESS] Re: Separation Agreement and General Release Dear ____: Pursuant to the Employment Agreement between you and Immucor, Inc. (“Immucor”) effective as of [DATE] (the “Employment Agreement”), this letter sets forth the terms of your separation from Immucor and constitutes the Separation Agreement and General Release (“Release Agreement”) between you and Immucor.
Permitted Acceleration. SBH shall have the sole authority to make any accelerated distribution permissible under Treas. Reg. Section 1.409A-3(j)(4) to the Executive of deferred amounts, provided that such distribution meets the requirements of Treas. Reg. Section 1.409A-3(j)(4).
Permitted Acceleration. The Company shall have the sole authority to make any accelerated distribution permissible under Treasury Regulations section 1.409A-3(j)(4) to Participants of deferred amounts, provided that such distribution(s) meets the requirements of Treasury Regulations section 1.409A-3(j)(4).