Common use of Section 409A Issuance Delays Clause in Contracts

Section 409A Issuance Delays. To the extent that an RSU is or becomes subject to 409A and Employee is a "specified employee" under Company’s Specified Employee Identification Procedures, then, notwithstanding any other provision of this Agreement or the Rules and for the avoidance of negative tax consequences to Employee, any issuance of Shares or cash pursuant to this Agreement on account of Employee's 409A Separation shall be delayed until the first day after six-months following such 409A Separation, as required for the avoidance of penalties and/or excise taxes under 409A ("409A Issuance Delay").

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc)

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Section 409A Issuance Delays. To the extent that an RSU is or becomes subject to 409A and Employee is a "specified employee" under Company’s Specified Employee Identification Procedures, then, notwithstanding any other provision of this Agreement or the Rules and for the avoidance of negative tax consequences to Employee, any issuance of Shares or cash pursuant to this Agreement on account of Employee's ’s 409A Separation shall be delayed until the first day after six-months following such 409A Separation, as required for the avoidance of penalties and/or excise taxes under 409A ("409A Issuance Delay").

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc)

Section 409A Issuance Delays. To the extent that an RSU a PSU is or becomes subject to 409A and Employee is a "specified employee" under Company’s Specified Employee Identification Procedures, then, notwithstanding any other provision of this Agreement or the Rules and for the avoidance of negative tax consequences to Employee, any issuance of Shares or cash pursuant to this Agreement on account of Employee's 409A Separation shall be delayed until the first day after six-months following such 409A Separation, as required for the avoidance of penalties and/or excise taxes under 409A ("409A Issuance Delay").

Appears in 3 contracts

Samples: Performance Stock Unit Agreement (DST Systems Inc), Performance Stock Unit Agreement (DST Systems Inc), Performance Stock Unit Agreement (DST Systems Inc)

Section 409A Issuance Delays. To the extent that an RSU a PSU is or becomes subject to 409A and Employee is a "specified employee" under Company’s Specified Employee Identification Procedures, then, notwithstanding any other provision of this Agreement or the Rules and for the avoidance of negative tax consequences to Employee, any issuance of Shares or cash pursuant to this Agreement on account of Employee's ’s 409A Separation shall be delayed until the first day after six-months following such 409A Separation, as required for the avoidance of penalties and/or excise taxes under 409A ("409A Issuance Delay").

Appears in 1 contract

Samples: Performance Stock Unit Agreement (DST Systems Inc)

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Section 409A Issuance Delays. To the extent that an RSU is or becomes subject to 409A and Employee is a "specified employee" under Company’s 's Specified Employee Identification Procedures, then, notwithstanding any other provision of this Agreement or the Rules and for the avoidance of negative tax consequences to Employee, any issuance of Shares or cash pursuant to this Agreement on account of Employee's 409A Separation shall be delayed until the first day after six-months following such 409A Separation, as required for the avoidance of penalties and/or excise taxes under 409A ("409A Issuance Delay").

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (DST Systems Inc)

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