Delayed Payment Date means the date that is six (6) months and one (1) day after the date of Employee’s Separation from Service.
Delayed Payment Date means the first business day following the six-month anniversary of the Termination Date. A payment or benefit shall not be subject to the Delayed Payment Date if (i) the payment or benefit is not subject to Section 409A of the Code, (ii) the payment event with respect to the payment or benefit, for purposes of Section 409A of the Code, is other than Separation from Service, or (iii) on the Termination Date, no stock of the Company (or any other entity considered a single employer with the Company under Treas. Reg. §1.409A-1(g) or any successor thereto) is publicly traded on an established securities market or otherwise.
Delayed Payment Date means the date on which payment with respect to a Participant’s Post-2004 Bonus and Base Salary Units is to be made pursuant to Section 7(f)(i) or Section 7(f)(ii), or the date on which payment with respect to a Participant’s Deferred Vested Units is to be made pursuant to Section 7(f)(iii).
Examples of Delayed Payment Date in a sentence
All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date.
All such amounts that would, but for this paragraph, become payable prior to the Delayed Payment Date shall be accumulated and paid on the Delayed Payment Date.
The vesting of any stock-based compensation awards which constitute Section 409A Deferred Compensation and are held by the Executive, if the Executive is a Specified Employee, shall be accelerated in accordance with this Agreement to the extent applicable; provided, however, that the payment in settlement of any such awards shall occur on the Delayed Payment Date.
All such amounts that would, but for this Section 22(b), become payable prior to the Delayed Payment Date shall be accumulated and paid on the Delayed Payment Date.
All such amounts that would, but for this paragraph, become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date.
More Definitions of Delayed Payment Date
Delayed Payment Date has the meaning given to it in Clause 6.5.4;
Delayed Payment Date means the first business day after the date that is six (6) months following Executive’s "separation from service" within the meaning of Section 409A of the Code.
Delayed Payment Date means, with respect to a Qualifying Distribution that includes cash, the thirtieth day after the payment date specified by M&T for such Qualifying Distribution in M&T’s declaration of such Qualifying Distribution.
Delayed Payment Date shall, for purposes of this Employment Agreement, mean the earlier of the first business day of the seventh month after Executive’s separation from service, or the date of the Executive’s death; upon the earlier of such dates, all payments deferred pursuant to this sentence shall be paid in a lump sum to the Executive. All other payments that are not deferred in accordance with the preceding sentence shall be paid on the dates, or according to the schedule, provided for herein. To the extent necessary to comply with Section 409A, the date of termination of employment with Colt must also represent a “separation from service” within the meaning of Code Section 409A.
Delayed Payment Date means (i) in the case of a payment or benefit due on account of a Severance Event, the date that is six months after the Severance Event (or, if such day is not a business day, the next business day), or (ii) in the case of a payment or benefit due on account of Retirement, the date that is six months after the Retirement Date (or, if such day is not a business day, the next business day).
Delayed Payment Date. The Executive shall be entitled to interest on any delayed cash payments from the date of termination to the Delayed Payment Date at a rate equal to the applicable federal short-term rate in effect under Section 1274(d) of the Code for the month in which the Executive’s separation from service occurs. If the Executive dies during the period between the Executive’s separation from service and the Delayed Payment Date, the amounts delayed on account of Section 409A shall be paid to the personal representative of the Executive’s estate on the first to occur of the Delayed Payment Date or thirty (30) days after the date of the Executive’s death.
Delayed Payment Date means the date that is six (6) months and one (1) day after the Date of Termination. Additionally, Employee and the Company have reached a preliminary and non-binding understanding with respect to the material terms of an asset sale whereby Employee would purchase from the Company all right, title and interest (without any encumbrances or restrictions) in (a) the "Mobile MaxPure" name and line of business (including all associated equipment, hard assets and software), (b) the "WorldWater & Solar Technologies" name and (c) the intellectual property associated with Mobile MaxPure (collectively, the "Assets"). Employee would not assume any existing warranty obligations or any liabilities for sales or activities prior to the date of closing on a definitive asset purchase agreement. The total purchase price of the Assets would be $250,000 (the "Purchase Price"). In the event Employee and the Company enter into a mutually acceptable asset purchase agreement, $225,000 of the Purchase Price will be considered to have been paid prior to closing as a result of Employee's agreement, as set forth in this Amendment, to a reduction in the severance benefits that would have otherwise been potentially due to Employee under the terms of the Employment Agreement. If, for any reason, the sale and purchase of the Assets does not occur, Employee shall not be entitled to any increase or change in the severance benefits as set forth in this Amendment. The remaining $25,000 of the Purchase Price would be paid in cash in the form of a $25,000 deduction from the lump sum payment of $525,000 referenced in Section 2.2(f)(i) hereof. The provisions of this paragraph are intended solely as a basis for further discussion and are not intended to be and do not constitute a legally binding offer or obligation and are subject in all respects to the negotiation, execution, and delivery of mutually acceptable definitive documentation by and among the parties with respect to the sale and purchase of the Assets.