Common use of No Acceleration of Payment Clause in Contracts

No Acceleration of Payment. Neither the Company nor the Executive, individually or in combination, may accelerate any payment or benefit that is subject to Code Section 409A, except in compliance with Code Section 409A and the provisions of this Agreement, and no amount that is subject to Code Section 409A shall be paid prior to the earliest date on which it may be paid without violating Code Section 409A.

Appears in 4 contracts

Samples: Executive Employment Agreement (Geo Group Inc), Executive Employment Agreement (Geo Group Inc), Executive Employment Agreement (Geo Group Inc)

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No Acceleration of Payment. Neither the Company nor the ExecutiveEmployee, individually or in combination, may accelerate any payment or benefit that is subject to Code Section 409A, except in compliance with Code Section 409A and the provisions of this Agreement, and no amount that is subject to Code Section 409A shall be paid prior to the earliest date on which it may be paid without violating Code Section 409A.

Appears in 1 contract

Samples: Employment Agreement (Innovation1 Biotech Inc.)

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