Common use of Distributions on Account of Separation from Service Clause in Contracts

Distributions on Account of Separation from Service. Notwithstanding anything in this Agreement to the contrary, any compensation or benefits payable under this Agreement that is considered nonqualified deferred compensation under Section 409A and is designated under this Agreement as payable upon Executive’s termination of employment shall be payable only upon Executive’s “separation from service” with the Company within the meaning of Section 409A (a “Separation from Service”).

Distributions on Account of Separation from Service. Notwithstanding anything in this Agreement to the contrary, any compensation No payment or benefits payable under this Agreement that benefit which is considered nonqualified deferred compensation under Section 409A and is designated under this Agreement as payable upon Executive’s termination of employment shall be payable only upon Executive’s “separation from service” with the Company within the meaning of Section 409A (required to be paid under this Agreement on account of termination of Executive’s employment shall be made unless and until Executive incurs a “Separation separation from Service”).service” within the meaning of Section 409A.

Distributions on Account of Separation from Service. Notwithstanding anything in this Agreement All payments of nonqualified deferred compensation subject to the contrary, any compensation or benefits payable Section 409A to be made upon a termination of employment under this Agreement that is considered nonqualified deferred compensation under Section 409A and is designated under this Agreement as payable may only be made upon Executive’s termination of employment shall be payable only upon the Executive’s “separation from service” with the Company (within the meaning of Section 409A (a “Separation from Service”409A).

Distributions on Account of Separation from Service. Notwithstanding anything in this Agreement to the contrary, any compensation or benefits payable under this Agreement that is considered nonqualified deferred compensation under Section 409A and is designated under this Agreement as payable upon Executive’s termination of employment shall be payable only upon Executive’s “separation from service” with the Company within the meaning of Section 409A (a “Separation from Service”).” 6. The following is hereby added to the Original Agreement as a new Section 9.7(e) and (f): “(e)