Delayed Payments. In the event of a genuine dispute between State Auto or any Subsidiary and Executive regarding the amount or timing of benefits under this Agreement, a delay in the payment of amounts under this Agreement shall not cause Executive to violate Code Section 409A to the extent that such delay satisfies the conditions set forth in Code Section 409A and applicable regulations thereunder.
Appears in 25 contracts
Samples: Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement
Delayed Payments. In the event of a genuine dispute between State Auto the Companies or any Subsidiary and the Executive regarding the amount or timing of benefits under this Agreement, a delay in the payment of amounts under this Agreement shall not cause the Executive to violate Code Section 409A of the Code to the extent that such delay satisfies the conditions set forth in Code Section 409A of the Code and applicable regulations thereunder.
Appears in 3 contracts
Samples: Executive Agreement (State Auto Financial CORP), Executive Agreement (State Auto Financial CORP), Executive Agreement (State Auto Financial CORP)
Delayed Payments. In the event of a genuine dispute between State Auto the Companies or any Subsidiary and Executive regarding the amount or timing of benefits under this Agreement, a delay in the payment of amounts under this Agreement shall not cause Executive to violate Code Section 409A of the Code to the extent that such delay satisfies the conditions set forth in Code Section 409A of the Code and applicable regulations thereunder.
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