Common use of Postponement of Payment Clause in Contracts

Postponement of Payment. The Company may postpone the delivery of payment for the Performance Units for so long as the Company determines to be necessary or advisable to satisfy the following, subject to the requirements and limitations of Code Section 409A: i. compliance with any requests for representations; and ii. receipt of proof satisfactory to the Company that a person seeking payment for the Performance Units on your behalf upon your estate’s behalf after your death is appropriately authorized.

Postponement of Payment. The Company may postpone the delivery of payment for the Performance Units for so long as the Company determines to be necessary or advisable to satisfy the following, subject to the requirements and limitations of Code Section 409A: i. compliance with any requests for representations; and ii. receipt of proof satisfactory to the Company that a person seeking payment for the Performance Units on your behalf upon your Total and Permanent Disability (if necessary), or upon your estate’s behalf after your death death, is appropriately authorized.

Postponement of Payment. The Company may postpone the delivery of payment for the Performance Units for so long as the Company determines to be necessary or advisable to satisfy the following, subject to the requirements and limitations of Code Section 409A: i. compliance with any requests for representations; and ii. receipt of proof satisfactory to the Company that a person seeking payment for the Performance Units on your behalf upon your Disability (if necessary), or upon your estate’s behalf after your death death, is appropriately authorized.