Provisions Regarding Code Section 409A. (a) If at the time of Employee’s termination of employment for reasons other than death he is a “Key Employee” as determined in accordance with the procedures set forth in Treas. Reg. §1.409A-1(i), any amounts payable to Employee pursuant to this Agreement that are subject to Section 409A of the Internal Revenue Code shall not be paid or commence to be paid until six months following Employee’s termination of employment, or if earlier, Employee’s subsequent death.
Appears in 3 contracts
Samples: Control Agreement (Cpi Aerostructures Inc), Control Agreement (Cpi Aerostructures Inc), Control Agreement (Cpi Aerostructures Inc)
Provisions Regarding Code Section 409A. (a) If at the time of Employee’s termination of employment for reasons other than death he she is a “Key Employee” as determined in accordance with the procedures set forth in Treas. Reg. §1.409A-1(i), any amounts payable to Employee pursuant to this Agreement that are subject to Section 409A of the Internal Revenue Code shall not be paid or commence to be paid until six months following Employee’s termination of employment, or if earlier, Employee’s subsequent death.
Appears in 1 contract
Provisions Regarding Code Section 409A. (a) If at the time of the Employee’s termination of employment for reasons other than death he is a “Key Employee” as determined in accordance with the procedures set forth in Treas. Reg. §1.409A-1(i), any amounts payable to the Employee pursuant to this Agreement that are subject to Section 409A of the Internal Revenue Code shall not be paid or commence to be paid until six months following the Employee’s termination of employment, or if earlier, the Employee’s subsequent death.
Appears in 1 contract
Samples: Severance and Change in Control Agreement (Aar Corp)