Common use of Distribution to Specified Employees Clause in Contracts

Distribution to Specified Employees. Notwithstanding the foregoing, if the Recipient is a Specified Employee, then no distributions otherwise required to be made under this Agreement on account of the Recipient’s Separation from Service shall be made before the date that is six (6) months after the date of the Recipient’s Separation from Service or, if earlier, the date of the Recipient’s death if such deferral is required to comply with Section 409A of the Code.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (Quest Resource Holding Corp), Restricted Stock Unit Agreement (Quest Resource Holding Corp), Restricted Stock Unit Agreement (Lifepoint Health, Inc.)

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Distribution to Specified Employees. Notwithstanding the foregoing, if the Recipient is a Specified Employee, then no distributions payments otherwise required to be made under this Agreement on account of the Recipient’s Separation from Service shall be made before the date that is six (6) months after the date of the Recipient’s Separation from Service or, if earlier, the date of the Recipient’s death if such deferral is required to comply with Section 409A of the Code.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Lifepoint Health, Inc.), Restricted Stock Unit Agreement (Lifepoint Health, Inc.), Restricted Stock Unit Agreement (Lifepoint Health, Inc.)

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Distribution to Specified Employees. ‍‍ Notwithstanding the foregoing, if the Recipient is a Specified Employee, then no distributions otherwise required to be made under this Agreement on account of the Recipient’s Separation from Service shall be made before the date that is six (6) months after the date of the Recipient’s Separation from Service or, if earlier, the date of the Recipient’s death if such deferral is required to comply with Section 409A of the Code.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lifepoint Hospitals, Inc.)

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