Common use of Effect of Release Clause in Contracts

Effect of Release. Any amounts that are not exempt from Code Section 409A under paragraph (f) above, and which are paid subject to your execution of a Release that provides for a consideration period and revocation period that crosses two calendar years, shall be paid on the first payroll date in the second calendar year that occurs on or after the expiration of the revocation period, regardless of the date the Release is signed.

Appears in 34 contracts

Samples: Employment Agreement (Tyson Foods, Inc.), Employment Agreement (Tyson Foods, Inc.), General Release Agreement (Tyson Foods, Inc.)

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Effect of Release. Any amounts that are not exempt from Code Section 409A under paragraph (f) above, and which are paid subject to your execution of a Release that provides for a consideration period and revocation period that crosses two calendar years, shall be paid on Exhibit 10.1 the first payroll date in the second calendar year that occurs on or after the expiration of the revocation period, regardless of the date the Release is signed.

Appears in 1 contract

Samples: Employment Agreement (Tyson Foods Inc)

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