Period of Payment. In the event that a payment under this Agreement is due within a period of time following a stated event, the Executive shall not be permitted, directly or indirectly, to designate the taxable year of payment.
Appears in 6 contracts
Sources: Executive Employment Agreement (Nabors Industries LTD), Benefits Continuation Agreement (Cooper Industries PLC), Executive Employment Agreement (Nabors Industries LTD)
Period of Payment. In the event that a payment under this Agreement is due within a period of time following a stated event, the Executive shall not be permitted, directly or indirectly, to designate the taxable year of payment.
Appears in 2 contracts
Sources: Executive Employment Agreement (Nabors Industries LTD), Executive Employment Agreement (Nabors Industries LTD)
Period of Payment. In the event that a payment under this Agreement is due within a period of time following a stated event, the Executive Employee shall not be permitted, directly or indirectly, to designate the taxable year of payment.
Appears in 1 contract