Section 409A Separation from Service. Notwithstanding any provision in this Agreement to the contrary, no payment or benefit shall be paid pursuant to this Section 4 that would be considered “deferred compensation” under Section 409A of the Code until the Executive has incurred a “separation from service” (as such term is defined under Section 409A of the Code), unless the payment is made by reason of another permitted payment event described in Section 409A(a)(2)(A) of the Code.
Appears in 4 contracts
Samples: Employment Agreement (Grey Wolf Inc), Employment Agreement (Grey Wolf Inc), Employment Agreement (Grey Wolf Inc)
Section 409A Separation from Service. Notwithstanding any provision in this Agreement to the contrary, no payment or benefit shall be paid pursuant to this Section 4 that would be considered “deferred compensation” under Section 409A of the Code until the Executive has incurred a “separation from service” (as such term is defined under Section 409A of the Code), unless the payment is made by reason of another permitted payment event described in Section 409A(a)(2)(A) of the Code.”
Appears in 3 contracts
Samples: Employment Agreement (Grey Wolf Inc), Employment Agreement (Grey Wolf Inc), Employment Agreement (Grey Wolf Inc)
Section 409A Separation from Service. Notwithstanding any provision to the contrary in this Agreement to the contraryAgreement, no payment or benefit shall be paid pursuant to this Section 4 9 that would be considered “deferred compensation” under Section 409A of the Code (“Section 409A”) until the Executive Employee has incurred a “separation from service” (as such term is defined under Section 409A of the Code409A), unless the payment is made by reason of another permitted payment event described in Section 409A(a)(2)(A) of the Code.
Appears in 2 contracts
Samples: Employment Agreement (RBC Life Sciences, Inc.), Employment Agreement (RBC Life Sciences, Inc.)
Section 409A Separation from Service. Notwithstanding any provision to the contrary in this Agreement to the contraryAgreement, no payment or benefit shall be paid pursuant to this Section 4 9 that would be considered “deferred compensation” under Section 409A of the Code (“Section 409A”) until the Executive Employee has incurred a “separation from service” (as such term is defined under Section 409A of the Code409A), unless the payment is made by reason of another permitted payment event described in Section 409A(a)(2)(A) of the Code.. initials _____ _____ Employment Agreement — Jxxx X. Xxxxx
Appears in 1 contract
