Post-2004 Account Sample Clauses
The "Post-2004 Account" clause defines a specific account or category used to track or manage transactions, assets, or obligations that arise after the year 2004. In practice, this clause typically distinguishes between items or balances that originated before and after 2004, ensuring that only those relevant to the post-2004 period are included in calculations, reporting, or settlement processes. Its core function is to provide clarity and accuracy in financial or contractual matters by segregating post-2004 activities, thereby preventing confusion or disputes over which items are subject to particular terms or obligations.
Post-2004 Account. As for the Post-2004 Account, this Agreement may be amended or terminated, in whole or in part, upon the mutual agreement of the Executive and the Trust. However, if terminated, the Post-2004 Account shall be paid to the Executive in a single sum pursuant to the rules set forth in Treas. Reg. §1.409A-3(j)(4)(ix) and any amendment thereof or successor thereto.
Post-2004 Account. Upon termination of the Executive’s employment with the Trust (within the meaning of subparagraph (c)(1) below) for any reason, the Trust (subject to subparagraph (c)(2) below) shall pay to the Executive the amount credited to his account on and after January 1, 2005, plus earnings thereon (the “Post-2004 Account”) in a single sum within 60 calendar days after such termination of employment. If the Executive’s employment is terminated due to his death, such amount shall be paid to the Executive’s beneficiary, as designated on the attached Exhibit A, within 60 calendar days after the Executive’s death.
Post-2004 Account. Upon termination of the Executive’s employment with the Trust (within the meaning of subsection (c)(1) below) for any reason, the Trust (subject to subsection (c)(2) below) shall pay to the Executive (or, in the event of the Executive’s death, to his beneficiary) the amount credited to his account on and after January 1, 2005, plus earnings thereon (the “Post-2004 Account”), in a single sum within 60 calendar days after such termination of employment.