Common use of Permitted Acceleration Clause in Contracts

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).

Appears in 5 contracts

Samples: Employment Agreement (Stellar Bancorp, Inc.), Executive Employment Agreement (Allegiance Bancshares, Inc.), Executive Employment Agreement (CBTX, Inc.)

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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).

Appears in 1 contract

Samples: Employment Agreement (First Bancshares Inc /MS/)

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