Common use of No Acceleration of Payments Clause in Contracts

No Acceleration of Payments. The Executive shall not be permitted, and the Company shall not have any discretion, to accelerate the timing or schedule of any payment or benefit under this Agreement that is subject to Code Section 409A, except as specifically provided herein or as may be permitted pursuant Code Section 409A and the Treasury Regulations thereunder.

Appears in 6 contracts

Samples: Employment Agreement (Wachovia Corp New), Employment Agreement (Wachovia Corp New), Employment Agreement (Wachovia Corp New)

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No Acceleration of Payments. The Executive shall not be permitted, and the Company shall not have any discretion, to accelerate the timing or schedule of any payment or benefit under this Agreement that is subject to Code Section 409A409A of the Code, except as specifically provided herein or as may be permitted pursuant Code Section 409A of the Code and the Treasury Regulations thereunder.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp New)

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