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

Distributions on Account of Separation from Service. If and to the extent required to comply with any payment or benefit required to be paid under this Agreement on account of termination of Executive’s employment, service (or any other similar term) shall be made only in connection with a “separation from service” with respect to Executive within the meaning of Section 409A.

Appears in 6 contracts

Samples: Executive Employment Agreement (Sharps Technology Inc.), Executive Employment Agreement (Thor Industries Inc), Employment Agreement

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Distributions on Account of Separation from Service. If and to the extent required to comply with Section 409A, any payment or benefit required to be paid under this Agreement on account of termination of Executive’s employment, service (or any other similar term) shall be made only in connection with a “separation from service” with respect to Executive within the meaning of Section 409A.

Appears in 3 contracts

Samples: Executive Employment Agreement (Thor Industries Inc), Executive Employment Agreement (Thor Industries Inc), Employment Agreement (Priority Technology Holdings, Inc.)

Distributions on Account of Separation from Service. If and to the extent required to comply with Section 409A, any payment or benefit required to be paid under this Agreement on account of termination of Executive’s employment, employment or service (or any other similar term) shall be made only in connection with a "separation from service" with respect to Executive within the meaning of Section 409A.

Appears in 2 contracts

Samples: Employment Agreement (Swisher Hygiene Inc.), Employment Agreement (Swisher Hygiene Inc.)

Distributions on Account of Separation from Service. If and to the extent required to comply with Sec. 409A, any payment or benefit required to be paid under this Agreement on account of termination of the Executive’s 's employment, service (or any other similar term) shall be made only in connection with a "separation from service" with respect to Executive within the meaning of Section Sec. 409A.

Appears in 2 contracts

Samples: Employment Agreement (Dyadic International Inc), Employment Agreement (Dyadic International Inc)

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Distributions on Account of Separation from Service. If and to To the extent required to comply with Code Section 409A, any payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment, service (or any other similar term) shall be made only in connection with a "separation from service" with respect to the Executive within the meaning of Code Section 409A.

Appears in 1 contract

Samples: Executive Employment Agreement (Parlux Fragrances Inc)

Distributions on Account of Separation from Service. If and to the extent required to comply with Section 409A, any payment or benefit required to be paid under this Agreement on account of termination of Executive’s 's employment, service (or any other similar term) shall be made only in connection with a "separation from service" with respect to Executive within the meaning of Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Dyadic International Inc)

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