Short-Term Deferral Exemption. It is intended that payments made under this Agreement due to Executive’s termination of employment that are not otherwise subject to Section 409A of the Internal Revenue Code (“409A”) which are paid on or before the 15th day of the third month following the end of Executive’s taxable year in which his termination of employment occurs shall be exempt from compliance with 409A pursuant to the exemption for short-term deferrals set forth in Section 1.409A-1(b)(4) of the Treasury Regulations (“Regulations”).
Appears in 3 contracts
Samples: Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP)
Short-Term Deferral Exemption. It is intended that payments made under this Agreement due to Executive’s termination of employment that are not otherwise subject to Section 409A of the Internal Revenue Code (“409A”) which are paid on or before the 15th day of the third month following the end of Executive’s taxable year in which his termination of employment occurs shall be exempt from compliance with 409A pursuant to the exemption for short-term deferrals set forth in Section 1.409A-1(b)(41.409A-l(b)(4) of the Treasury Regulations (“Regulations”).
Appears in 2 contracts
Samples: Severance and Restrictive Covenant Agreement (WEX Inc.), Change in Control Agreement (Wright Express CORP)
Short-Term Deferral Exemption. It is intended that payments made under this Agreement due to Executive’s termination of employment that are not otherwise subject to Section 409A of the Internal Revenue Code (“409A”) which are paid on or before the 15th day of the third month following the end of Executive’s taxable year in which his [his/her] termination of employment occurs shall be exempt from compliance with 409A pursuant to the exemption for short-term deferrals set forth in Section 1.409A-1(b)(4) of the Treasury Regulations (“Regulations”).
Appears in 1 contract
Short-Term Deferral Exemption. It is intended that payments made under this Agreement due to Executive’s termination of employment that are not otherwise subject to Section 409A of the Internal Revenue Code (“409A”) which are paid on or before the 15th day of the third month following the end of Executive’s taxable year in which his termination of employment occurs shall be exempt from compliance with 409A pursuant to the exemption for short-term deferrals set forth in Section 1.409A-1(b)(4) of the Treasury Regulations (“Regulations”)regulations.
Appears in 1 contract
Samples: Change of Control Severance Agreement (Timberland Co)
