Six-Month Delay in Certain Circumstances. In the event that, notwithstanding the clear language of the Agreement and the intent of the Company, any amount or benefit under this Agreement constitutes Non-Exempt Deferred Compensation and is payable or distributable by reason of the Executive’s separation from service during a period in which the Executive qualifies as a “Specified Employee” under Code Section 409A, then, subject to any permissible acceleration of payment under Code Section 409A:
Appears in 9 contracts
Samples: Severance Agreement (Hilton Grand Vacations Inc.), Indemnification Agreement (Hilton Grand Vacations Inc.), Severance Agreement (Hilton Grand Vacations Inc.)
