Common use of Accrued Payments at Termination Clause in Contracts

Accrued Payments at Termination. Sections 6(a) – (e) of this Agreement require payment of amounts earned but unpaid or accrued at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 days after Employee’s termination of employment (subject to 10(c)).

Appears in 2 contracts

Samples: Employment Agreement (Magellan Health Inc), Employment Agreement (Magellan Health Inc)

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Accrued Payments at Termination. Sections 6(a) – (e) of this Agreement require payment of amounts earned but unpaid or accrued at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 thirty (30) days after Employee’s termination of employment (employment, subject to Section 10(c)).. ​

Appears in 1 contract

Samples: Employment Agreement (Magellan Health Inc)

Accrued Payments at Termination. Sections 6(a) – (e) of this Agreement require payment of amounts earned but unpaid or accrued at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 thirty (30) days after Employee’s termination of employment (employment, subject to Section 10(c)).

Appears in 1 contract

Samples: Employment Agreement (Magellan Health Inc)

Accrued Payments at Termination. Sections 6(a) (ed) of this Employment Agreement require payment of amounts earned but unpaid unpaid, or accrued accrued, at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 thirty (30) days after Employee’s termination of employment (employment, subject to 10(c)10(d).

Appears in 1 contract

Samples: Employment Agreement (Magellan Health Services Inc)

Accrued Payments at Termination. Sections 6(a) (e) of this Agreement require payment of amounts earned but unpaid or accrued at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 days after Employee’s termination of employment (subject to 10(c10(d)).

Appears in 1 contract

Samples: Employment Agreement (Magellan Health Services Inc)

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Accrued Payments at Termination. Sections 6(a) – (ed) of this Agreement require payment of amounts earned but unpaid or accrued at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 days after Employee’s termination of employment (subject to 10(c10(d)).

Appears in 1 contract

Samples: Employment Agreement (Magellan Health Services Inc)

Accrued Payments at Termination. Sections 6(a) (ed) of this Agreement require payment of amounts earned but unpaid or accrued at the date of Employee’s termination. Unless the amount is payable under an applicable plan, program or arrangement on explicit terms providing for a delay in payment compliant with or exempt from Code Section 409A, these amounts shall be payable at the date the amounts otherwise would have been payable under the applicable plans, programs and arrangements in the absence of termination but in no event more than 30 days after Employee’s termination of employment (subject to 10(c10(d)).

Appears in 1 contract

Samples: Share Purchase Agreement (Magellan Health Inc)

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