Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 8 contracts
Samples: Employment Agreement (Crestwood Equity Partners LP), Employment Agreement (Crestwood Midstream Partners LP), Employment Agreement (Crestwood Equity Partners LP)
Release Payments. In the event that Employee Executive is required to execute a release to receive any payments from the Employer Xxxxxx that constitute nonqualified deferred compensation under Section 409A of the Code409A, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 5 contracts
Samples: Executive Employment Agreement (Fulton Financial Corp), Executive Employment Agreement (Fulton Financial Corp), Confidential Separation Agreement and General Release (Fulton Financial Corp)
Release Payments. In the event that Employee Executive is required to execute a release to receive any payments from the Employer Company that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 3 contracts
Samples: Executive Employment Agreement (NOV Inc.), Employment Agreement (National General Holdings Corp.), Employment Agreement (National General Holdings Corp.)
Release Payments. In the event that Employee the Executive is required to execute a release to receive any payments from the Employer Company that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 3 contracts
Samples: Employment Agreement (National Oilwell Varco Inc), Employment Agreement (National Oilwell Varco Inc), Employment Agreement (Cathay General Bancorp)
Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 2 contracts
Samples: Employment Agreement (Crestwood Equity Partners LP), Employment Agreement (Crestwood Equity Partners LP)
Release Payments. In the event that Employee Executive is required to execute a release to receive any payments from the Employer Company that constitute nonqualified deferred compensation under Section 409A of the Code409A, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 2 contracts
Samples: Executive Employment Agreement (Ipsco Tubulars Inc), Employment Agreement (Ipsco Tubulars Inc)
Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer Company that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 1 contract
Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended HOU:0024197/00043:1712670v2 Exhibit 10.5 during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 1 contract
Samples: Employment Agreement (Crestwood Equity Partners LP)
Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended HOU:0024197/00043:1712675v2 during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 1 contract
Samples: Employment Agreement (Crestwood Midstream Partners LP)
Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer Company that constitute nonqualified deferred compensation under Section 409A of the Code409A, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 1 contract
Samples: Employee Confidentiality and Restrictive Covenant Agreement (Frank's International N.V.)
Release Payments. In the event that Employee is required to execute a release to receive any payments from the Employer that constitute nonqualified deferred compensation under Section 409A of the Code, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended HOU:0024197/00043:1712672v1 Exhibit 10.5 during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period.
Appears in 1 contract
Samples: Employment Agreement (Crestwood Equity Partners LP)
