Payment Restriction. Notwithstanding any provision in this Agreement to the contrary, in the event any payment under this Agreement would otherwise be subject to taxation under 409A of the Code, such payment plus reasonable interest from the date of Executive’s termination of employment shall be made in a lump sum six months following Executive’s termination of employment.
Appears in 3 contracts
Samples: Employment Agreement (Florida Public Utilities Co), Employment Agreement (Florida Public Utilities Co), Employment Agreement (Florida Public Utilities Co)
Payment Restriction. Notwithstanding any provision in this Agreement to the contrary, in the event any payment under this Agreement would otherwise be subject to taxation under 409A of the Code, such payment plus reasonable interest from the date of Executive’s termination of employment Employment shall be made in a lump sum six months following Executive’s termination of employmentEmployment.
Appears in 2 contracts
Samples: Employment Agreement (Florida Public Utilities Co), Employment Agreement (Florida Public Utilities Co)
