Common use of Prohibition on Acceleration of Payments Clause in Contracts

Prohibition on Acceleration of Payments. The time or schedule of any payment or amount scheduled to be paid pursuant to the terms of this Agreement, or pursuant to the terms of any other employment agreement or compensation arrangement entered into between the Executive and the Company or any of its subsidiaries, may not be accelerated hereunder, or under any such other employment agreement or other compensation arrangement, except as otherwise permitted under Section 409A of the Code and the guidance and Treasury Regulations issued thereunder.

Appears in 11 contracts

Samples: Change in Control Agreement (Aon PLC), Change in Control Agreement (Aon PLC), Change in Control Agreement (Aon PLC)

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Prohibition on Acceleration of Payments. The time or schedule of any payment or amount scheduled to be paid pursuant to the terms of this Agreement, or pursuant to the terms of any other employment agreement or compensation arrangement entered into between the Executive and the Company or any of its subsidiaries, may not be accelerated hereunder, or under any such other employment agreement or other compensation arrangement, except as otherwise permitted under Section 409A of the Code and the guidance and Treasury Regulations issued thereunder.409A.

Appears in 9 contracts

Samples: Severance Benefit Agreement (Groupon, Inc.), Severance Benefit Agreement (Groupon, Inc.), Severance Benefit Agreement (Groupon, Inc.)

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