Common use of Six-Month Delay in Payment Clause in Contracts

Six-Month Delay in Payment. Notwithstanding anything in this Agreement to the contrary, if at the time of the Grantee’s termination of Employment with the Company, the Grantee’s interests hereunder are subject to Section 409A of the Code and the Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of Employment is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) until the date that is six (6) months following the Grantee’s termination of Employment with the Company (or the earliest date as is permitted under Section 409A of the Code). By Grantee’s signature and the signature of the Company’s representative below, or by Grantee’s acceptance of this Award through the Company’s online acceptance procedure, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Grant Date. Grantee hereby acknowledges that the treatment of the RSUs upon a Change in Control, as set forth in Section 4(d) hereof, differs from and supersedes the treatment set forth in Section 12.2 of the Plan. Grantee Chart Industries, Inc. [[SIGNATURE]] By: [[SIGNATURE]] Print Name: [[FIRSTNAME]] [[LASTNAME]] Its: [[TITLE]] Date: [[SIGNATURE_DATE]] Date: [[SIGNATURE_DATE]]

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (Chart Industries Inc), Restricted Share Unit Agreement (Chart Industries Inc)

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Six-Month Delay in Payment. Notwithstanding anything in this Agreement to the contrary, if at the time of the Grantee’s termination of Employment with the Company, the Grantee’s interests hereunder are subject to Section 409A of the Code and the Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of Employment is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) until the date that is six (6) months following the Grantee’s termination of Employment with the Company (or the earliest date as is permitted under Section 409A of the Code). By GranteeXxxxxxx’s signature and the signature of the Company’s representative below, or by GranteeXxxxxxx’s acceptance of this Award through the Company’s online acceptance procedure, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Grant Date. Grantee hereby acknowledges that the treatment of the RSUs upon a Change in Control, as set forth in Section 4(d) hereof, differs from and supersedes the treatment set forth in Section 12.2 of the Plan. Grantee Chart Industries, Inc. [[SIGNATURE]] By: [[SIGNATURE]] Print Name: [[FIRSTNAME]] [[LASTNAME]] Its: [[TITLE]] Date: [[SIGNATURE_DATE]] Date: [[SIGNATURE_DATE]]

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (Chart Industries Inc), Restricted Share Unit Agreement (Chart Industries Inc)

Six-Month Delay in Payment. Notwithstanding anything in this Agreement to the contrary, if at the time of the Grantee’s termination of Employment with the Company, the Grantee’s interests hereunder are subject to Section 409A of the Code and the Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of Employment is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) until the date that is six (6) months following the Grantee’s termination of Employment with the Company (or the earliest date as is permitted under Section 409A of the Code). By Grantee’s signature and the signature of the Company’s representative below, or by Grantee’s acceptance of this Award through the Company’s online acceptance procedure, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Grant Date. Grantee hereby acknowledges that the treatment of the RSUs upon a Change in Control, as set forth in Section 4(d) hereof, differs from and supersedes the treatment set forth in Section 12.2 of the Plan. Grantee Chart Industries, Inc. [[SIGNATURE]] ________________________________ By: [[SIGNATURE]] Print Name: [[FIRSTNAME]] [[LASTNAME]] :_________________ Its: [[TITLE]] Vice President, Human Resources Date: [[SIGNATURE_DATE]] :_______________________ Date: [[SIGNATURE_DATE]]:

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Chart Industries Inc)

Six-Month Delay in Payment. Notwithstanding anything in this Agreement to the contrary, if at the time of the Grantee’s termination of Employment with the Company, the Grantee’s interests hereunder are subject to Section 409A of the Code and the Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of Employment is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) until the date that is six (6) months following the Grantee’s termination of Employment with the Company (or the earliest date as is permitted under Section 409A of the Code). {02784300.DOC;4 } 7 By Grantee’s signature and the signature of the Company’s representative below, or by Grantee’s acceptance of this Award through the Company’s online acceptance procedure, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Grant Date. Grantee hereby acknowledges that the treatment of the RSUs upon a Change in Control, as set forth in Section 4(d) hereof, differs from and supersedes the treatment set forth in Section 12.2 of the Plan. Grantee Chart Industries, Inc. [[SIGNATURE]] ________________________________ By: [[SIGNATURE]] Print Name: [[FIRSTNAME]] [[LASTNAME]] :_________________ Its: [[TITLE]] Vice President, Human Resources Date: [[SIGNATURE_DATE]] :_______________________ Date: [[SIGNATURE_DATE]]:

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Chart Industries Inc)

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Six-Month Delay in Payment. Notwithstanding anything in this Agreement to the contrary, if at the time of the Grantee’s termination of Employment with the Company, the Grantee’s interests hereunder are subject to Section 409A of the Code and the Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of Employment is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) until the date that is six (6) months following the Grantee’s termination of Employment with the Company (or the earliest date as is permitted under Section 409A of the Code). By Grantee’s signature and the signature of the Company’s representative below, or by Grantee’s acceptance of this Award through the Company’s online acceptance procedure, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Grant Date. Grantee hereby acknowledges that the treatment of the RSUs upon a Change in Control, as set forth in Section 4(d) hereof, differs from and supersedes the treatment set forth in Section 12.2 of the Plan. Grantee Chart Industries, Inc. [[SIGNATURE]] /s/ Xxxxxxx X. Xxxxxx By: [[SIGNATURE]] /s/ Xxxxxx X. Xxxxx Print Name: [[FIRSTNAME]] [[LASTNAME]] Xxxxxxx X. Xxxxxx Its: [[TITLE]] VP and Chief Human Resources Officer Date: [[SIGNATURE_DATE]] December 17, 2018 Date: [[SIGNATURE_DATE]]December 17, 2018

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Chart Industries Inc)

Six-Month Delay in Payment. Notwithstanding anything in this Agreement to the contrary, if at the time of the Grantee’s termination of Employment with the Company, the Grantee’s interests hereunder are subject to Section 409A of the Code and the Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of Employment is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) until the date that is six (6) months following the Grantee’s termination of Employment with the Company (or the earliest date as is permitted under Section 409A of the Code). By Grantee’s signature and the signature of the Company’s representative below, or by Grantee’s acceptance of this Award through the Company’s online acceptance procedure, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Grant Date. Grantee hereby acknowledges that the treatment of the RSUs upon a Change in Control, as set forth in Section 4(d) hereof, differs from and supersedes the treatment set forth in Section 12.2 of the Plan. Grantee Chart Industries, Inc. [[SIGNATURE]] By: [[SIGNATURE]] Print Name: [[FIRSTNAME]] [[LASTNAME]] Its: [[TITLE]] Date: [[SIGNATURE_DATE]] Date: [[SIGNATURE_DATEgrantdate]]

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Chart Industries Inc)

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