Common use of ACCELERATION OF PAYMENT PROHIBITED Clause in Contracts

ACCELERATION OF PAYMENT PROHIBITED. Notwithstanding any other provision of the Agreement to the contrary, no payment shall be made under the Agreement that would constitute an impermissible acceleration of payment as defined in Section 409A(a)(3) of the Code and the regulations promulgated thereunder.

Appears in 7 contracts

Samples: Change of Control and Severance Agreement, Change of Control and Severance Agreement (Digital River Inc /De), Change of Control and Severance Agreement (Digital River Inc /De)

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ACCELERATION OF PAYMENT PROHIBITED. Notwithstanding any other provision of the Agreement to the contrary, no payment shall be made under the Agreement that would constitute an impermissible acceleration of payment as defined in Section 409A(a)(3) of the Code and the regulations promulgated thereunder.. AMENDED AND RESTATED EMPLOYMENT AGREEMENT JXXX X. XXXXXXX

Appears in 1 contract

Samples: Employment Agreement (Digital River Inc /De)

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ACCELERATION OF PAYMENT PROHIBITED. Notwithstanding any other provision of the Agreement to the contrary, no payment shall be made under the Agreement that would constitute an impermissible acceleration of payment as defined in Section 409A(a)(3) of the Code and the regulations promulgated thereunder.. CHANGE OF CONTROL AND SEVERANCE AGREEMENT TXXXXX X. XXXXXXXX

Appears in 1 contract

Samples: Change of Control and Severance Agreement (Digital River Inc /De)

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