Common use of Compliance with IRC Section 409A Clause in Contracts

Compliance with IRC Section 409A. To the extent required by IRC § 409A as enacted by the American Jobs Creation Act of 2004, and regulations under that section, payment of severance benefits to Executive under any provision of Sections 6, 7, or 8 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s employment with Corporation. If monthly payments are deferred pursuant to this Section, all such deferred amounts will be paid in a lump sum on the expiration of the six-month period.

Compliance with IRC Section 409A. To the extent required by IRC § 409A as enacted by the American Jobs Creation Act of 2004Section 409A, and regulations under that sectionthereunder, payment of severance benefits to Executive under any provision of Sections 6, 7, or 8 paragraph 5 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s 's employment with Corporation. If monthly payments are deferred pursuant to this Sectionparagraph, all such deferred amounts will be paid in a lump sum on the first business day following the expiration of the six-month period.

Compliance with IRC Section 409A. To the extent required by IRC § 409A as enacted by the American Jobs Creation Act of 2004, and regulations under that section, payment of severance benefits to Executive under any provision of Sections 6, 7, or 8 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s 's employment with Corporation. If monthly payments are deferred pursuant to this Section, all such deferred amounts will be paid in a lump sum on the expiration of the six-month period.

Compliance with IRC Section 409A. To the extent required by IRC § 409A as enacted by the American Jobs Creation Act of 2004, and regulations under that section, payment of severance benefits to Executive under any provision of Sections 5, 6, 7, or 8 7 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s employment with Corporation. If monthly payments are deferred pursuant to this Section, all such deferred amounts will be paid in a lump sum on the expiration of the six-month period.

Compliance with IRC Section 409A. To the extent required by IRC § Section 409A as enacted by of the American Jobs Creation Act of 2004Internal Revenue Code, and regulations under that sectionthereunder, payment of severance benefits to Executive under any provision of Sections 6, 7, or 8 paragraph 5 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s 's employment with Corporation. If monthly payments are deferred pursuant to this Sectionparagraph, all such deferred amounts will be paid in a lump sum on the first business day following the expiration of the six-month period.

Compliance with IRC Section 409A. To the extent required by IRC § Section 409A as enacted by of the American Jobs Creation Act of 2004Internal Revenue Code, and regulations under that sectionthereunder, payment of severance benefits to Executive under any provision of Sections 6, 7, or 8 paragraph 5 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s 's employment with Corporation. If monthly payments are deferred pursuant to this Sectionparagraph, all such deferred amounts will be paid in a lump sum on the first business day following the expiration of the six-month period.

Compliance with IRC Section 409A. To the extent required by IRC § 409A as enacted by the American Jobs Creation Act of 2004409A, and regulations under that sectionthereunder, payment of severance benefits to Executive under any provision of Sections 6, 7, or 8 paragraph 5 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s 's employment with Corporation. If monthly payments are deferred pursuant to this Sectionparagraph, all such deferred amounts will be paid in a lump sum on the first business day following the expiration of the six-month period.