Common use of Payment to Specified Employees Clause in Contracts

Payment to Specified Employees. Payments of benefits from the Deferral Account, Retention Account and benefits payable from an In-Service Account caused by the termination of employment of a Participant who is determined to meet the definition of Specified Employee shall be payable as otherwise provided, except that the initial payment shall be made no earlier than the six (6) months following the termination of employment with the Company.

Appears in 4 contracts

Samples: Grant Agreement (Aerobic Creations, Inc.), Grant Agreement (Aerobic Creations, Inc.), Grant Agreement (Aerobic Creations, Inc.)

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