Common use of Extension of Distribution Date Clause in Contracts

Extension of Distribution Date. The Holder may elect to extend the date on which the shares of Stock are distributed to the Holder; provided that (i) such election must be submitted to the Company in writing, in accordance with procedures prescribed by the Company, not less than 12 months before the date the shares are scheduled to be distributed, (ii) such election shall not take effect until 12 months after the date on which the election is made and (iii) the distribution date is extended until the earlier to occur of (A) the fifth (5th) anniversary of the previously scheduled distribution date and (B) the date of the Holder’s separation from service.

Extension of Distribution Date. The Holder may elect to extend the date on which the shares of Common Stock are distributed to the Holder; provided that (i) such election must be submitted to the Company in writing, in accordance with procedures prescribed by the Company, not less than 12 months before the date the shares are scheduled to be distributed, (ii) such election shall not take effect until 12 months after the date on which the election is made and (iii) the distribution date is extended until the earlier to occur of (A) the fifth (5th) anniversary of the previously scheduled distribution date and (B) the date of the Holder’s separation from service.

Extension of Distribution Date. The Holder may elect to extend the date on which the shares of Stock are distributed to the Holder; provided that (i) such election must be submitted to the Company in writing, in accordance with procedures prescribed by the Company, not less than 12 months before the date the shares are scheduled to be distributed, (ii) such election shall not take effect until 12 months after the date on which the election is made and (iii) the distribution date is extended until the earlier earliest to occur of (A) the fifth (5th) anniversary of the previously scheduled distribution date and date, (B) the date of the Holder’s separation from serviceservice or (C) a change in control event, as defined in Section 409A of the Code.