Common use of Amounts Payable On Account of Termination Clause in Contracts

Amounts Payable On Account of Termination. If and to the extent necessary to comply with Section 409A, for the purposes of determining when amounts otherwise payable on account of the Executive’s termination of employment under this Agreement will be paid, “terminate”, “terminated” or “termination” or words of similar import relating to the Executive’s employment with the Company, as used in this Agreement, shall be construed as the date that the Executive first incurs a “separation from service,” within the meaning of Section 409A, from the Company.

Amounts Payable On Account of Termination. If and to the extent necessary to comply with Section 409A, for the purposes of determining when amounts otherwise payable on account of the Executive’s termination of employment under this Agreement will be paid, “terminate”, “terminated” or “termination” or words of similar import relating to the Executive’s employment with the Company, as used in this Agreement, shall be construed as the date that the Executive first incurs a “separation from service,” within the meaning of Section 409A, 409A from the Company.

Amounts Payable On Account of Termination. If and to To the extent necessary to comply with Section 409A, for the purposes of determining when amounts otherwise subject to Section 409A that are payable on account of the upon Executive’s termination of employment under this Agreement will be paid, “terminate”, “terminated” or “terminationtermination of employment” or words of similar import relating to the Executive’s employment with the Companyimport, as used in this Agreement, shall be construed as the date that the Executive first incurs a “separation from service,” within the meaning of Section 409A, 409A from the Company.