Common use of Form and Timing of Payment Clause in Contracts

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Value of the Participant’s Units that vested on such Vesting Date; provided, however: (i) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; (ii) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and (iii) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations.

Appears in 3 contracts

Samples: Restricted Surplus Unit Agreement (FBL Financial Group Inc), Restricted Surplus Unit Agreement (FBL Financial Group Inc), Restricted Surplus Unit Agreement (FBL Financial Group Inc)

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Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s Units that vested on such Vesting Date, and any Dividend Equivalent Rights that vested on such Vesting Date; provided, however: : (i) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; (iia) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and (iii) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc)

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s 's tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s 's Units that vested on such Vesting Date; provided, however: : (ia) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; ; (iib) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and and (iiic) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Replacement Agreement (FBL Financial Group Inc)

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Value of the Participant’s Units that vested on such Vesting Date; provided, however: : (ia) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; ; (iib) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and and (iiic) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations.

Appears in 2 contracts

Samples: Restricted Surplus Unit Agreement (FBL Financial Group Inc), Restricted Surplus Unit Agreement (FBL Financial Group Inc)

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s Units that vested on such Vesting Date; provided, however: : (ia) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; ; (iib) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and and (iiic) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc)

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s 's tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s 's Units that vested on such Vesting Date; , provided, however: : (i) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; (iia) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and ; (iiib) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations; and (c) that to the extent required by Section 409A(2)(B) of the code, no payments shall be made to any “specified employee” earlier than allowed by Section 409A(a)(2)(B) of the Code.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc)

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Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s 's tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s 's Units that vested on such Vesting Date; , provided, however: : (i) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; (iia) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and ; (iiib) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations; and (c) that to the extent required by Section 409A(2)(B) of the Code, no payments shall be made to any “specified employee” earlier than allowed by Section 409A(a)(2)(B) of the Code.

Appears in 1 contract

Samples: Restricted Stock Unit Replacement Agreement (FBL Financial Group Inc)

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s 's tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s 's Units that vested on such Vesting Date; provided, however: : (i) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; (iia) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and ; (iiib) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations; and (c) that to the extent required by Section 409A(2)(B) of the Code, no payments shall be made to any “specified employee” earlier than allowed by Section 409A(a)(2)(B) of the Code.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc)

Form and Timing of Payment. As soon as reasonably practical after each Vesting Date and in no case later than the end of the Participant’s tax year in which such Vesting Date occurred, the Company shall pay cash or cash equivalents to the Participant in an amount equal to the Fair Market Value of the Participant’s Units that vested on such Vesting Date, and any Dividend Equivalent Rights that vested on such Vesting Date; provided, however: : (i) to the extent required by Section 409A(2)(B)(i) of the Code, no payment shall be made for 6 months after any Vesting Date; (ii) the Company may further defer a payment to the extent allowed under Section 1.409A-2(b)(7) of the Treasury Regulations; and (iii) the Company may accelerate a payment to the extent allowed under Section 1.409A-3(j)(4) of the Treasury Regulations.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc)

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