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 your Termination. (1) Any delayed payment or benefit shall be payable on the date six months after your Termination, without interest on any delayed cash payment. (2) During the six-month delay period, accelerated payment will occur in the event of your death but not for any other reason, except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 — A-6. (3) Any payment that is not triggered by a Termination, or is triggered by a Termination but would be made more than six months after the Termination (without applying this six-month delay rule), or would be payable at a fixed date not tied to Termination that is 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 your Terminationseparation from service. (1A) Any delayed payment or benefit shall be payable paid on the date six months after your Termination, without interest on any delayed cash paymentseparation from service. (2B) During the six-month delay period, accelerated payment will occur in the event of your death but not for any other reasonreason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 — – A-6. (3C) Any payment that is not triggered by a Termination, or is triggered by a Termination but would be made more than six months after the Termination (without applying this six-month delay rule), or would be payable at a fixed date not tied to Termination that is 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 your Terminationseparation from service. (1A) Any delayed payment or benefit shall be payable paid on the date six months after your Termination, without interest on any delayed cash paymentseparation from service. (2B) During the six-month delay period, accelerated payment will occur in the event of your death but not for any other reasonreason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 — l.409A-1-A-6. (3C) Any payment that is not triggered by a Termination, or is triggered by a Termination but would be made more than six months after the Termination (without applying this six-six­ month delay rule), or would be payable at a fixed date not tied to Termination that is 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 your Terminationseparation from service. (1A) Any delayed payment or benefit shall be payable paid on the date six months after your Termination, without interest on any delayed cash paymentseparation from service. (2B) During the six-month delay period, accelerated payment will occur in the event of your death but not for any other reasonreason (including no acceleration upon a Change in Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 — 1.409A-1–A-6. (3C) Any payment that is not triggered by a Termination, or is triggered by a Termination but would be made more than six months after the Termination (without applying this six-month delay rule), or would be payable at a fixed date not tied to Termination that is earlier than the expiration of the six-month delay period, shall be unaffected by the six-month delay rule.