Change of Control Severance Payments. Pursuant to Internal Revenue Code § 409A, and as more fully described in Section VII, any and all severance payments paid to the Employee due to Termination of Employment without Cause or for Good Reason within six (6) months of a Change of Control shall not be paid until the seventh (7th) month following the Termination of Employment.
Appears in 5 contracts
Samples: Employment Agreement (Alco Stores Inc), Employment Agreement (Alco Stores Inc), Employment Agreement (Duckwall Alco Stores Inc)
