Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes). It is not an acceleration of the time or schedule of payment if the Employer waives or accelerates the vesting requirements applicable to a benefit under the Plan.
Appears in 11 contracts
Samples: Nonqualified Deferred Compensation Plan Adoption Agreement (Mercantile Bank Corp), Adoption Agreement (Huttig Building Products Inc), Adoption Agreement (Douglas Dynamics, Inc)
Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes)Code. It is not an acceleration of the time or schedule of payment if the Employer waives or accelerates the vesting requirements applicable to a benefit under the Plan.
Appears in 7 contracts
Samples: Nonqualified Deferred Compensation Plan (Marquee Holdings Inc.), Executive Nonqualified Excess Plan Document (Sandridge Energy Inc), Executive Nonqualified Excess Plan (Ufp Technologies Inc)
Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes)Code. It is not an acceleration of the time or schedule of payment if the Employer waives or accelerates the any vesting requirements applicable to a benefit under the Plan.
Appears in 2 contracts
Samples: Nonqualified Deferred Compensation Plan (Amc Entertainment Inc), Nonqualified Deferred Compensation Plan (Amc Entertainment Holdings, Inc.)
Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes). It is not an acceleration of the time or schedule of payment if the Employer Company waives or accelerates the vesting requirements applicable to a benefit under the Plan.
Appears in 1 contract
Samples: Deferred Compensation Plan (Everus Construction Group, Inc.)
