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Common use of No Designation Clause in Contracts

No Designation. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement or otherwise which constitutes a “deferral of compensation” within the meaning of Code Section 409A.

Appears in 24 contracts

Samples: Employment Agreement (Green Brick Partners, Inc.), Employment Agreement (Green Brick Partners, Inc.), Employment Agreement (Green Brick Partners, Inc.)

No Designation. In no event may ExecutiveParticipant, directly or indirectly, designate the calendar year of any payment to be made under this Agreement or otherwise which that constitutes a “deferral of compensation” within the meaning of Code Section 409A.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Ambac Financial Group Inc), Restricted Stock Unit and Stock Option Agreement (Ambac Financial Group Inc), Restricted Stock Unit and Stock Option Agreement (Ambac Financial Group Inc)