Common use of Permitted Acceleration Clause in Contracts

Permitted Acceleration. The Bank shall have the sole authority to make any accelerated distribution permissible under Treas. Reg. Section 1.409A-3(j)(4) to Executive of deferred amounts, provided that such distribution meets the requirements of Treas. Reg. Section 1.409A-3(j)(4).

Appears in 5 contracts

Samples: Employment Agreement (Stellar Bancorp, Inc.), Executive Employment Agreement (CBTX, Inc.), Executive Employment Agreement (Allegiance Bancshares, Inc.)

AutoNDA by SimpleDocs

Permitted Acceleration. The Bank shall have the sole authority to make any accelerated distribution permissible under Treas. Reg. Section 1.409A-3(j)(4) to Executive of deferred amounts, provided that such distribution meets the requirements of Treas. Reg. Section 1.409A-3(j)(4).

Appears in 1 contract

Samples: Employment Agreement (First Bancshares Inc /MS/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!