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Common use of Deferred Payment Clause in Contracts

Deferred Payment. “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

Appears in 58 contracts

Samples: Change in Control Severance Agreement (Iridex Corp), Executive Employment Agreement (Savara Inc), Executive Employment Agreement (Savara Inc)

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Deferred Payment. “Deferred Payment” means shall mean any severance pay or benefits to be paid or provided to Executive the Employee (or Executivethe Employee’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefitsbenefits to be paid or provided to the Employee (or the Employee’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

Appears in 9 contracts

Samples: Retention Agreement, Retention Agreement (Neophotonics Corp), Retention Agreement (Neophotonics Corp)

Deferred Payment. For the purposes of this Agreement, “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

Appears in 3 contracts

Samples: Employment Agreement (Constellation Alpha Capital Corp.), Executive Employment Agreement (Invitae Corp), Executive Employment Agreement (Invitae Corp)

Deferred Payment. For the purposes of this Agreement, “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefitsbenefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Artelo Biosciences, Inc.), Employment Agreement (Artelo Biosciences, Inc.)

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Deferred Payment. “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered nonqualified deferred compensation under Section 409A.

Appears in 1 contract

Samples: Executive Severance Agreement (Adaptive Biotechnologies Corp)

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