Common use of Separate Payments Clause in Contracts

Separate Payments. For purposes of Section 409A, any right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A, and any rights and benefits under this Agreement shall be treated as rights to separate payments for purposes of Section 409A.

Appears in 40 contracts

Samples: Employment Agreement (C&J Energy Services, Inc.), Employment Agreement (C&J Energy Services, Inc.), Employment Agreement (C&J Energy Services, Inc.)

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Separate Payments. For purposes of Section 409A, any right to a series of installment instalment payments under this Agreement shall be treated as a right to a series of separate payments so that each payment is designated as a separate payment for purposes of Section 409A, and any rights and benefits under this Agreement shall be treated as rights to separate payments for purposes of Section 409A.

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services Ltd.)

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