Common use of Short-Term Deferral Clause in Contracts

Short-Term Deferral. PRSUs payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, PRSUs will be settled no later than the 15th day of the third month following the later of (i) the end of the Employee’s taxable year in which the PRSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the PRSU Vesting Date occurs.

Short-Term Deferral. PRSUs payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, PRSUs will be settled no later than the 15th day of the third month following the later of (i) the end of the EmployeePRSU recipient’s taxable tax year in which the PRSU Vesting Date occurs, or (ii) the end of the fiscal tax year of the Company in which the PRSU Vesting Date occurs.

Short-Term Deferral. PRSUs payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, PRSUs will be settled no later than the 15th day of the third month following the later of (i) the end of the Employee’s taxable your tax year in which the PRSU Vesting Date occursPRSUs are no longer subject to a substantial risk of forfeiture, or (ii) the end of the fiscal tax year of the Company in which the PRSU Vesting Date occursPRSUs are no longer subject to a substantial risk of forfeiture.