Common use of Short-Term Deferrals Clause in Contracts

Short-Term Deferrals. It is intended that payments made under this Agreement due to Xxxxxx'x termination of employment that are not otherwise subject to Code section 409A, and which are paid on or before the 15th day of the third month following the end of Xxxxxx'x taxable year in which his termination of employment occurs, shall be exempt from compliance with Code section 409A pursuant to the exemption for short-term deferrals set forth in Treasury Regulation section 1.409A-1(b)(4).

Short-Term Deferrals. It is intended that payments made under this Agreement due to Xxxxxx'x Xxxxx'x termination of employment that are not otherwise subject to Code section 409A, and which are paid on or before the 15th day of the third month following the end of Xxxxxx'x Xxxxx'x taxable year in which his termination of employment occurs, shall be exempt from compliance with Code section 409A pursuant to the exemption for short-term deferrals set forth in Treasury Regulation section 1.409A-1(b)(4).

Short-Term Deferrals. It is intended that payments made under this Agreement due to Xxxxxx'x Xxxxxx’x termination of employment that are not otherwise subject to Code section 409A, and which are paid on or before the 15th day of the third month following the end of Xxxxxx'x Xxxxxx’x taxable year in which his her termination of employment occurs, shall be exempt from compliance with Code section 409A pursuant to the exemption for short-term deferrals set forth in Treasury Regulation section 1.409A-1(b)(4).

Short-Term Deferrals. It is intended that payments made under this Agreement due to Xxxxxx'x Xxxxx’x termination of employment that are not otherwise subject to Code section 409A, and which are paid on or before the 15th day of the third month following the end of Xxxxxx'x Xxxxx’x taxable year in which his termination of employment occurs, shall be exempt from compliance with Code section 409A pursuant to the exemption for short-term deferrals set forth in Treasury Regulation section 1.409A-1(b)(4).