Short-Term Deferral. Except as otherwise specifically provided, amounts payable under this Agreement, other than those expressly payable on a deferred or installment basis, will be paid as promptly as practicable following the date they are earned and vested and, in any event, on or prior to March 15 of the year following the first calendar year in which such amounts are no longer subject to a substantial risk of forfeiture, as such term is defined in Section 409A of the Code.
Appears in 6 contracts
Samples: Restricted Stock Unit Agreement (Ambac Financial Group Inc), Restricted Stock Unit and Stock Option Agreement (Ambac Financial Group Inc), Restricted Stock Unit and Stock Option Agreement (Ambac Financial Group Inc)
Short-Term Deferral. Except as otherwise specifically provided, amounts payable under this Agreement, other than those expressly payable on a deferred or installment basis, will be paid as promptly as practicable following the date on which they are earned and vested and, in any event, on or prior to March 15 of the year following the first calendar year in which such amounts are no longer subject to a substantial risk of forfeiture, as such term is defined in Section 409A of the Code.
Appears in 5 contracts
Samples: Employment Agreement (XCel Brands, Inc.), Employment Agreement (XCel Brands, Inc.), Employment Agreement (XCel Brands, Inc.)
