Common use of Special 409A Provisions Clause in Contracts

Special 409A Provisions. Notwithstanding any other provision of this Agreement to the contrary, if any payment hereunder is subject to section 409A of the Code and if such payment is to be paid on account of the Participant’s separation from service (within the meaning of section 409A of the Code), if the Participant is a specified employee (within the meaning of section 409A(a)(2)(B) of the Code), and if any such payment otherwise is required to be made prior to the first day of the seventh month following the Participant’s separation from service, such payment shall be delayed until the first day of the seventh month following the Participant’s separation from service. To the extent that any payments or benefits under this Agreement are subject to section 409A of the Code and are paid or provided on account of the Participant’s termination of employment, the determination as to whether the Participant has had a termination of employment (or separation from service) shall be made in accordance with section 409A and the guidance issued thereunder.

Appears in 7 contracts

Samples: Mutual Separation Agreement and Release, Incentive Award Acceptance Agreement (Western Union CO), Incentive Award Agreement (Western Union CO)

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Special 409A Provisions. Notwithstanding any other provision of this Agreement to the contrary, if any payment hereunder is subject to section 409A of the Code and if such payment is to be paid on account of the Participant’s separation from service (within the meaning of section 409A of the Code), if the Participant is a specified employee (within the meaning of section 409A(a)(2)(B) of the Code), and if any such payment otherwise is required to be made prior to the first day of the seventh month following the Participant’s separation from service, such payment shall be delayed until the first day of the seventh month following the Participant’s separation from service. To the extent that any payments or benefits under this Agreement are subject to section 409A of the Code and are paid or provided on account of the Participant’s termination of employment, the determination as to whether the Participant has had a termination of employment (or separation from service) shall be made in accordance with section 409A of the Code and the guidance issued thereunder.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Halcon Resources Corp)

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Special 409A Provisions. Notwithstanding any other provision of this Agreement or the Plan to the contrary, if any payment hereunder is subject to section 409A of the Code and if such payment is to be paid on account of the Participant’s your separation from service (within the meaning of section 409A of the Code), if the Participant is you are a specified employee (within the meaning of section 409A(a)(2)(B) of the Code), and if any such payment otherwise is required to be made prior to the first day of the seventh month following the Participant’s your separation from service, such payment shall be delayed until the first day of the seventh month following the Participant’s your separation from service. To the extent that any payments or benefits under this Agreement Award are subject to section 409A of the Code and are paid or provided on account of the Participant’s your termination of employment, the determination as to whether the Participant has your have had a termination of employment (or separation from service) shall be made in accordance with section 409A of the Code and the guidance issued thereunder.

Appears in 1 contract

Samples: Award Agreement (Tenneco Inc)

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