Common use of Permitted Acceleration Clause in Contracts

Permitted Acceleration. Company shall have the sole authority to make any accelerated distribution to Executive of Non-Exempt Deferred Compensation payable hereunder, provided that such distribution(s) are permissible under and meet the requirements of Treas. Reg. Section 1.409A-3(j)(4).

Appears in 2 contracts

Samples: Employment Agreement (Superior Industries International Inc), Employment Agreement (Superior Industries International Inc)

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Permitted Acceleration. Company shall have the sole authority to make any accelerated distribution to Executive of Non-Exempt Deferred Compensation payable hereunder, provided that such distribution(s) are permissible under and meet the requirements of Treas. Reg. Section 1.409A-3(j)(4).. Exhibit 10.23

Appears in 1 contract

Samples: Employment Agreement (Superior Industries International Inc)

Permitted Acceleration. Company shall have the sole authority to make any accelerated distribution to Executive Employee of Non-Exempt Deferred Compensation payable hereunder, provided that such distribution(s) are permissible under and meet the requirements of Treas. Reg. Section 1.409A-3(j)(4).

Appears in 1 contract

Samples: Employment Agreement (Superior Industries International Inc)

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Permitted Acceleration. The Company shall have the sole authority to make any accelerated distribution to Executive of Non-Exempt Deferred Compensation payable hereunder, provided that such distribution(s) are permissible under and meet the requirements of Treas. Reg. Section 1.409A-3(j)(4).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Superior Industries International Inc)

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