Common use of Ban on Acceleration or Deferral Clause in Contracts

Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement be accelerated or subject to a further deferral, except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.

Appears in 24 contracts

Samples: Employment Agreement (Sera Prognostics, Inc.), Employment Agreement (Sera Prognostics, Inc.), Employment Agreement (Sera Prognostics, Inc.)

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Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement be accelerated or subject to a further deferral, deferral except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.

Appears in 18 contracts

Samples: Employee Retention Agreement (Public Service Co of New Mexico), Supplemental Restrictive Covenant Agreement (Public Service Co of New Mexico), Employee Retention Agreement (Public Service Co of New Mexico)

Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement be accelerated or subject to a further deferral, deferral except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the β€œCode”).

Appears in 5 contracts

Samples: Employee Retention Agreement (Public Service Co of New Mexico), Employee Retention Agreement (Public Service Co of New Mexico), Employee Retention Agreement (Public Service Co of New Mexico)

Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement be accelerated or subject to a further deferral, deferral except as otherwise excepted, permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.409A.

Appears in 4 contracts

Samples: Cna Surety Corp, Cna Surety Corp, Cna Surety Corp

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Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement Plan be accelerated or subject to a further deferral, deferral except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.

Appears in 2 contracts

Samples: Texas New Mexico Power Co, Release Agreement (PNM Resources Inc)

Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to under this Agreement be accelerated or subject to a further deferral, deferral except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.

Appears in 1 contract

Samples: Career Recognition Award Agreement (Pinnacle West Capital Corp)

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