Common use of Permitted Acceleration Clause in Contracts

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).

Appears in 3 contracts

Sources: Executive Employment Agreement (Superior Industries International Inc), Executive Employment Agreement (Superior Industries International Inc), Executive Employment Agreement (Superior Industries International Inc)

Permitted Acceleration. The 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).

Appears in 1 contract

Sources: Executive Employment Agreement (Superior Industries International Inc)

Permitted Acceleration. Company shall have the sole authority to make any accelerated distribution to Executive Employee 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).

Appears in 1 contract

Sources: Executive Employment Agreement (Superior Industries International Inc)