Common use of Payments to Specified Employee Clause in Contracts

Payments to Specified Employee. If Employee is a “specified employee” (as defined in section 409A(a)(2)(B)(i) of the Internal Revenue Code (the “Code”) (hereinafter a “Specified Employee”)) at the time Employee is eligible to be paid any amounts under Section 3(b)(i)(A) and (B), such payment(s) shall be made as follows:

Appears in 6 contracts

Samples: Severance Agreement (Layne Christensen Co), Severance Agreement (Layne Christensen Co), Severance Agreement (Layne Christensen Co)

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Payments to Specified Employee. If Employee is a “specified employee” (as defined in section 409A(a)(2)(B)(i) of the Internal Revenue Code (the “Code”) (hereinafter a “Specified Employee”)) at the time Employee is eligible to be paid any amounts under Section 3(b)(i)(A7(b)(i)(A) and (B), such payment(s) shall be made as follows:

Appears in 5 contracts

Samples: Employment Agreement (Euronet Worldwide Inc), Employment Agreement (Euronet Worldwide Inc), Employment Agreement (Euronet Worldwide Inc)

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Payments to Specified Employee. If Employee is a "specified employee" (as defined in Code section 409A(a)(2)(B)(i) of the Internal Revenue Code (the “Code”) (hereinafter a "Specified Employee")) at the time Employee is eligible to be paid any amounts under Section 3(b)(i)(A) and (B), such payment(s) shall be made as follows:

Appears in 1 contract

Samples: Severance Agreement (Layne Christensen Co)

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