Common use of Delay in Payment to Specified Employees Clause in Contracts

Delay in Payment to Specified Employees. Notwithstanding anything herein to the contrary, the date of delivery of Company Stock (or cash in lieu thereof if required hereby) to the Grantee shall be delayed if payment would otherwise be required hereunder after Separation from Service (other than on account of Death) and before 6 months have elapsed from the date of the Separation from Service, if the Grantee is a Specified Employee and the circumstances of payment require delay under 409A of the Code. "Specified Employee" shall have the meaning given in Treas. Reg. § 1.409A-1(i) (or any successor thereto) using the prior calendar year as the determination period.

Delay in Payment to Specified Employees. Notwithstanding anything herein to the contrary, the date of delivery of Company Stock Common Shares (or cash in lieu thereof if required hereby) to the Grantee shall be delayed if payment would otherwise be required hereunder after Separation from Service Termination of Employment (other than on account of Death) and before 6 months have elapsed from the date of the Separation from Servicethat termination date, if the Grantee is a Specified Employee and the circumstances of payment require delay under 409A of the Code. "Specified Employee" shall have the meaning given in Treas. Reg. § 1.409A-1(i) (or any successor thereto) using the prior calendar year as the determination period.

Delay in Payment to Specified Employees. Notwithstanding anything herein to the contrary, the date of delivery of Company Stock Common Shares (or cash in lieu thereof if required hereby) to the Grantee shall be delayed if payment would otherwise be required hereunder after Separation from Service Termination of Employment (other than on account of Death) and before 6 months have elapsed from the date of the Separation from Servicethat termination date, if the Grantee is a Specified Employee and the circumstances of payment require delay under 409A of the Code. "Specified Employee" shall have the meaning given in Treas. Reg. § Section 1.409A-1(i) (or any successor thereto) using the prior calendar year as the determination period.

Delay in Payment to Specified Employees. Notwithstanding anything herein to the contrary, the date of delivery of Company the Stock (or cash in lieu thereof if required hereby) to the Grantee shall be delayed if payment would otherwise be required hereunder after Separation from Termination of Service (other than on account of Deathdeath) and before 6 months have elapsed from the date of the Separation from Termination of Service, if the Grantee is a Specified Employee and the circumstances of payment require delay under 409A of the Code. "“Specified Employee" ” shall have the meaning given in Treas. Reg. § 1.409A-1(i) (or any successor thereto) using the prior calendar year as the determination period.