Common use of Additional Distribution Rules Clause in Contracts

Additional Distribution Rules. Notwithstanding any other payment date or schedule provided in this Agreement to the contrary, if the Executive is deemed on the Termination Date of the Executive’s employment to be a “specified employee” within the meaning of that term under Section 409A of the Code and the regulations thereunder (“Section 409A”), then each of the following shall apply:

Appears in 27 contracts

Samples: Employment Agreement (NeuroBo Pharmaceuticals, Inc.), Employment Agreement (Ocuphire Pharma, Inc.), Employment Agreement (Ocuphire Pharma, Inc.)

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Additional Distribution Rules. Notwithstanding any other payment date or schedule provided in this Agreement to the contrary, if the Executive is deemed on the Termination Date date of termination of the Executive’s employment to be a “specified employee” within the meaning of that term under Section 409A of the Code and the regulations thereunder (“Section 409A”), then each of the following shall apply:

Appears in 8 contracts

Samples: Employment Agreement (Mackinac Financial Corp /Mi/), Employment Agreement (Mackinac Financial Corp /Mi/), Employment Agreement (Mackinac Financial Corp /Mi/)

Additional Distribution Rules. Notwithstanding any other payment date or schedule provided in this Agreement to the contrary, if the Executive is deemed on the Termination Date of the Executive’s employment to be a “specified employee” within the meaning of that term under Section 409A of the Code and the regulations thereunder (“Section 409A”), then each of the following shall apply:

Appears in 3 contracts

Samples: Executive Employment Agreement (CHF Solutions, Inc.), Executive Employment Agreement (Sunshine Heart, Inc.), Executive Employment Agreement (Sunshine Heart, Inc.)

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Additional Distribution Rules. Notwithstanding any other payment date or schedule provided in this Agreement to the contrary, if the Executive is deemed on the Termination Date date of the Executive’s termination of his employment to be a “specified employee” within the meaning of that term under Section 409A of the Code and the regulations thereunder (“Section 409A”), then each of the following shall apply:

Appears in 1 contract

Samples: Employment Agreement (Capitol Bancorp LTD)

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