Common use of Payments Subject to Section 409A Clause in Contracts

Payments Subject to Section 409A. 1. Subject to this Attachment A, any Severance Benefits that may be due under the Agreement to which this Attachment A is attached shall begin only upon the date of the Executive’s “separation from service” (determined as set forth below) which occurs on or after the cessation of his employment. The following rules shall apply with respect to distribution of the Severance Benefits, if any, to be provided to the Executive under the Agreement, as applicable:

Appears in 4 contracts

Samples: Severance Agreement (American Superconductor Corp /De/), Severance Agreement (American Superconductor Corp /De/), Severance Agreement (American Superconductor Corp /De/)

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Payments Subject to Section 409A. 1. Subject to this Attachment A, any Severance Benefits severance payments or benefits (“Severance”) that may be due under the Agreement to which this Attachment A is attached shall begin only upon the date of the Executive’s “separation from service” (determined as set forth below) which occurs on or after the cessation of his employment. The following rules shall apply with respect to distribution of the Severance Benefits, if any, to be provided to the Executive under the Agreement, as applicable:

Appears in 1 contract

Samples: Severance and Consulting Services Agreement (American Superconductor Corp /De/)

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Payments Subject to Section 409A. 1. Subject to this Attachment A, any Severance Benefits that may be due under the Agreement to which this Attachment A is attached shall begin only upon the date of the Executive’s “separation from service” (determined as set forth below) which occurs on or after the cessation of his her employment. The following rules shall apply with respect to distribution of the Severance Benefits, if any, to be provided to the Executive under the Agreement, as applicable:

Appears in 1 contract

Samples: Severance Agreement (American Superconductor Corp /De/)

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