Six-Month Delay. Notwithstanding anything herein or in any Award Agreement or Election to the contrary, to the extent that distribution of a 409A Award is triggered by a Grantee’s Separation from Service, if the Grantee is then a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)), no distribution may be made before the date which is six (6) months after such G▇▇▇▇▇▇’s Separation from Service, or, if earlier, the date of the Grantee’s death.
Appears in 10 contracts
Sources: 2025 Omnibus Equity Incentive Plan (Fusemachines Inc.), 2025 Omnibus Equity Incentive Plan (Fusemachines Inc.), 2025 Omnibus Equity Incentive Plan (Nomadar Corp.)
Six-Month Delay. Notwithstanding anything herein or in any Award Agreement or Election to the contrary, to the extent that distribution of a 409A Award is triggered by a Grantee’s Separation from Service, if the Grantee is then a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)), no distribution may be made before the date which is six (6) months after such G▇▇▇▇▇▇▇’s Separation from Service, or, if earlier, the date of the Grantee’s death.
Appears in 8 contracts
Sources: Merger Agreement (CSLM Acquisition Corp.), 2018 Omnibus Incentive Compensation Plan (Clever Leaves Holdings Inc.), 2019 Omnibus Equity Incentive Plan (Arcturus Therapeutics Ltd.)
Six-Month Delay. Notwithstanding anything herein or in any Award Agreement or Election to the contrary, to the extent that distribution of a 409A Award is triggered by a Grantee’s Separation from Service, if the Grantee is then a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)), no distribution may be made before the date which is six (6) months after such G▇▇▇▇▇▇Grantee’s Separation from Service, or, if earlier, the date of the Grantee’s death.
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