Deferral of Payments. Notwithstanding anything herein to the contrary, the Company may defer any payment due under this Agreement to the earliest date upon which the payment can be made and deducted by the Company in light of the provisions of Section 162(m) of the Internal Revenue Code.
Appears in 3 contracts
Samples: Employment Agreement (Amcon Distributing Co), Employment Agreement (Amcon Distributing Co), Employment Agreement (Amcon Distributing Co)
Deferral of Payments. Notwithstanding anything herein to the contrary, the Company Corporation may defer any payment due under this Agreement to the earliest date upon which the payment can be made and deducted by the Company Corporation in light of the provisions of Section 162(m) of the Internal Revenue Code.
Appears in 2 contracts
Samples: Employment Agreement (Clarcor Inc), Employment Agreement (Clarcor Inc)
Deferral of Payments. Notwithstanding anything herein to the contrary, the Company Corporation may defer any payment due under this Agreement (other than payments called for by Section 8) to the earliest date upon which the payment can be made and deducted by the Company Corporation in light of the provisions of Section 162(m) of the Internal Revenue Code.
Appears in 1 contract
Samples: Employment Agreement (Clarcor Inc)
