Common use of Effect of Rule Clause in Contracts

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation from Service. (i) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation from Service. (ii) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6. (iii) Any payment that is not triggered by a termination of employment, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or is triggered by Employee’s death shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Employment Agreement within six (6) months after Employee’s Separation separation from Serviceservice. (iA) Any delayed payment or benefit shall be paid on the date six (6) months after Employee’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – — A-6. (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six (6) months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation separation from Serviceservice. (iA) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6. (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation from Service. (i) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation from Service. (ii) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6. (iii) Any payment that is not triggered by a termination of employment, or is triggered by a termination of employment but would be made more than six months after the termination of employment Termination (without applying this six-month delay rule), or is triggered by Employee’s death shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation separation from Serviceservice. (iA) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – — A-6. (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after EmployeeExecutive’s Separation from Servicetermination of employment. (iA) Any delayed payment or benefit shall be paid on the date six months after EmployeeExecutive’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the EmployeeExecutive’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – — A-6. (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation separation from Serviceservice. (iA) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change change in Controlcontrol), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6— 1.409A-6. (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s 's Separation from Service. (i) Any delayed payment or benefit shall be paid on the date six months after Employee’s 's Separation from Service. (ii) During the six-month delay period, accelerated payment will occur in the event of the Employee’s 's death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6. (iii) Any payment that is not triggered by a termination of employment, or is triggered by a termination of employment but would be made more than six months after the termination of employment Termination (without applying this six-month delay rule), or is triggered by Employee’s 's death shall be unaffected by the six-month delay rule.

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation separation from Serviceservice. (iA) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6. (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.. ​

Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee’s Separation separation from Service.service. ​ (iA) Any delayed payment or benefit shall be paid on the date six months after Employee’s Separation separation from Serviceservice. (iiB) During the six-month delay period, accelerated payment will occur in the event of the Employee’s death but not for any other reason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6.. ​ (iiiC) Any payment that is not triggered by a termination of employmenttermination, or is triggered by a termination of employment but would be made more than six months after the termination of employment (without applying this six-month delay rule), or would be payable at a fixed date not tied to termination that is triggered by Employee’s death earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.. ​