Common use of Treatment of Installment Payments Clause in Contracts

Treatment of Installment Payments. Each payment of termination benefits under Section 5 of this Agreement, including, without limitation, each installment payment and each payment or reimbursement of premiums for continued medical, dental or life insurance coverage under Section 6.2, shall be considered a separate payment, as described in Treas. Reg. Section 1.409A-2(b)(2), for purposes of Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Toys R Us Inc), Employment Agreement (Toys R Us Inc)

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Treatment of Installment Payments. Each payment of termination benefits under Section 5 5.4 of this Agreement, including, without limitation, each installment payment and each payment or reimbursement of premiums for continued medical, dental or life insurance coverage under Section 6.25.4, shall be considered a separate payment, as described in Treas. Reg. Section 1.409A-2(b)(2), for purposes of Section 409A.409A of the Code.

Appears in 1 contract

Samples: Employment Agreement (Mohawk Industries Inc)

Treatment of Installment Payments. Each payment of termination benefits under Section 5 6 of this Agreement, including, without limitation, each installment payment and each payment or reimbursement of premiums for continued medical, dental or life insurance coverage under Section 6.26(a)(ii), shall be considered a separate payment, as described in Treas. Reg. Section 1.409A-2(b)(2), for purposes of Section 409A.409A of the Code.

Appears in 1 contract

Samples: Change in Control Agreement (Genuine Parts Co)

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Treatment of Installment Payments. Each payment of termination benefits under Section 5 of this Agreement, including, without limitation, each installment payment and each payment or reimbursement of premiums for continued medical, dental or life insurance coverage under Section 6.27.c.(iii)(d), shall be considered a separate payment, as described in Treas. Reg. Section 1.409A-2(b)(2), for purposes of Section 409A.409A of the Code.

Appears in 1 contract

Samples: Employment Agreement (Toys R Us Inc)

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