Common use of Delay of Payment Clause in Contracts

Delay of Payment. The Committee may, in its sole discretion, determine to defer payment of RSUs or permit you to elect to defer payment of RSUs, in each case in a manner that conforms to the requirements of Section 409A(a)(4) of the Code.

Appears in 3 contracts

Samples: Rsu Award Agreement (American International Group Inc), Rsu Award Agreement (American International Group Inc), Rsu Award Agreement (American International Group Inc)

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Delay of Payment. The Committee may, in its sole discretion, determine to defer payment of RSUs or permit you to elect to defer payment of RSUs, in each case in a manner that conforms to the requirements of Section 409A(a)(4) of the Code.

Appears in 2 contracts

Samples: Tarp Rsu Award Agreement (American International Group Inc), Tarp Restricted Stock Unit Award Agreement (American International Group Inc)

Delay of Payment. The Committee may, in its sole discretion, determine to defer payment of Performance RSUs or permit you to elect to defer payment of Performance RSUs, in each case in a manner that conforms to the requirements of Section 409A(a)(4) of the Code.

Appears in 1 contract

Samples: Performance Rsu Award Agreement (American International Group Inc)

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Delay of Payment. The Committee may, in its sole discretion, determine to defer payment of the RSUs or permit you to elect to defer payment of the RSUs, in each case in a manner that conforms to the requirements of Section 409A(a)(4) of the Code.

Appears in 1 contract

Samples: Rsu Award Agreement (American International Group Inc)

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