Common use of Acceleration or Deferral Clause in Contracts

Acceleration or Deferral. Acceleration or deferral of the time or schedule of any payment under the Agreement is not permitted except as may be provided by Section 409A of the Code and approved by the Bank and the Employee.

Appears in 8 contracts

Samples: Supplemental Executive Retirement Agreement (Ameris Bancorp), Supplemental Executive Retirement Agreement (Ameris Bancorp), Supplemental Executive Retirement Agreement (Ameris Bancorp)

AutoNDA by SimpleDocs

Acceleration or Deferral. Acceleration or deferral of the time or schedule of any payment under the Agreement Plan is not permitted except as may be provided permitted by Code Section 409A of the Code and approved by the Bank and the Employee.409A.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Georgia-Carolina Bancshares, Inc)

AutoNDA by SimpleDocs

Acceleration or Deferral. Acceleration or deferral of the time or schedule of any payment under the Agreement Plan is not permitted except as may be provided permitted by Code Section 409A of the Code and approved as may be agreed upon by the Bank Participant and the EmployeeCompany, in writing.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Level One Bancorp Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!