Common use of Miscellaneous Payment Provisions Clause in Contracts

Miscellaneous Payment Provisions. If the Company fails to make a payment (including a transfer of Stock), either intentionally or unintentionally, within the period required by Section 4, but the payment is made within the same calendar year, it will be treated as made within the period required by Section 4 pursuant to Treas. Reg. § 1.409A-3(d). In addition, if a payment is not made due to a dispute in payments, payments can be delayed in accordance with Treas. Reg. § 1.409A-3(g).

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Pinnacle West Capital Corp), Restricted Stock Unit Agreement (Pinnacle West Capital Corp), Restricted Stock Unit Agreement (Pinnacle West Capital Corp)

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