Common use of Installments Treated as Separate Payments Clause in Contracts

Installments Treated as Separate Payments. For purposes of Section 409A of the Code, except as otherwise expressly provided, each installment of payments and benefits due under this Agreement shall be treated as a separate payment.

Appears in 5 contracts

Samples: Employment Agreement (Avnet Inc), Employment Agreement (Avnet Inc), Employment Agreement (Avnet Inc)

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Installments Treated as Separate Payments. For purposes of Section 409A of the Code, except as otherwise expressly provided, each installment of payments and benefits due under this Agreement shall be treated as a separate payment.. ​

Appears in 1 contract

Samples: Change of Control Agreement (Avnet Inc)

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