Common use of Payment of Dividend Equivalents Clause in Contracts

Payment of Dividend Equivalents. For purposes of compliance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the specified date of paying any Dividend Equivalents to which an Employee is entitled under Section 1 is the year (<<YR1, XX0, XX0, or YR4>>) in which the associated dividends or distributions are paid on common stock. This Section shall not create or expand any rights to Dividend Equivalents.

Payment of Dividend Equivalents. For purposes of compliance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)Section 409A, the specified date of paying any Dividend Equivalents to which an Employee is entitled under Section 1 is the year (<<YR1, XX0, XX0, or YR4>>) in which the associated dividends or distributions are paid on common stock. This Section 13 shall not create or expand any rights to Dividend Equivalents.

Payment of Dividend Equivalents. For purposes of compliance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)Section 409A, the specified date of paying any Dividend Equivalents to which an Employee is entitled under Section 1 is the year (<<YR12006, XX02007, XX02008, or YR4>>2009) in which the associated dividends or distributions are paid on common stock. This Section 13 shall not create or expand any rights to Dividend Equivalents.