Common use of Key Employee Clause in Contracts

Key Employee. If Executive meets each of the requirements of Internal Revenue Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during a twelve month period ending on December 31 (the “Specified Employee Identification Date”), then Executive shall be treated as a Key Employee for the entire twelve month period beginning on the following April 1. Such April 1 date shall be the “Specified Employee Effective Date” for purposes of Section 409A.

Appears in 7 contracts

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp)

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Key Employee. If Executive meets each of the requirements of Internal Revenue Code Section 416(i)(1)(A)(i), (ii), or and (iii) (applied in accordance with the regulations thereunder and disregarding section Section 416(i)(5)) at any time during a twelve month period ending on December 31 (the “Specified Employee Identification Date”), then Executive shall be treated as a Key Employee for the entire twelve month period beginning on the following April 1. Such April 1 date shall be the “Specified Employee Effective Date” for purposes of Section 409A.

Appears in 5 contracts

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp), Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Key Employee. If Executive meets each of the requirements of Internal Revenue Code Section 416(i)(1)(A)(i), (ii), or and (iii) (applied in accordance with the regulations thereunder and disregarding section Section 416(i)(5)) at any time during a twelve month period ending on December 31 (the "Specified Employee Identification Date"), then Executive shall be treated as a Key Employee for the entire twelve month period beginning on the following April 1. Such April 1 date shall be the "Specified Employee Effective Date" for purposes of Section 409A.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Key Employee. If Executive meets each of the requirements of Internal Revenue Code Section 416(i)(1)(A)(i416(i)(1)(A) (i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during a twelve month period ending on December 31 (the "Specified Employee Identification Date"), then Executive shall be treated as a Key Employee for the entire twelve month period beginning on the following April 1. Such April 1 date shall be the "Specified Employee Effective Date" for purposes of Section 409A.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

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Key Employee. If Executive meets each of the requirements of Internal Revenue Code Section 416(i)(1)(A)(i), (ii), or and (iii) (applied in accordance with the regulations thereunder and disregarding section Section 416(i)(5)) at any time during a twelve month period ending on December 31 (the “Specified Employee Identification Date”), then Executive shall be treated as a Key Employee for the entire twelve {00262394.DOC /3 } 6 month period beginning on the following April 1. Such April 1 date shall be the “Specified Employee Effective Date” for purposes of Section 409A.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

Key Employee. If Executive meets each of the requirements of Internal Revenue Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during a twelve month period ending on December 31 (the "Specified Employee Identification Date"), then Executive shall be treated as a Key Employee for the entire twelve month period beginning on the following April 1. Such April 1 date shall be the "Specified Employee Effective Date" for purposes of Section 409A.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Central Valley Community Bancorp)

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